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Should central banks target stock prices?
De Grauwe, Paul - In: Intereconomics 43 (2008) 5, pp. 256-258
Persistent link: https://www.econbiz.de/10010272208
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Self-fulfilling crises in the Eurozone: An empirical test
De Grauwe, Paul; Ji, Yuemei - 2012
We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self-fulfilling liquidity crises than in stand-alone countries. We find evidence that a significant part of the surge in the spreads of the PIGS countries in the Eurozone during...
Persistent link: https://www.econbiz.de/10010282067
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A fragile Eurozone in search of a better governance
De Grauwe, Paul - 2011
When entering a monetary union, member-countries change the nature of their sovereign debt in a fundamental way, i.e. they cease to have control over the currency in which their debt is issued. As a result, financial markets can force these countries' sovereigns into default. In this sense...
Persistent link: https://www.econbiz.de/10010285539
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The effects of monetary policy : a meta-analysis
De Grauwe, Paul; Costa Storti, Cláudia - 2004
countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …
Persistent link: https://www.econbiz.de/10010261220
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The European Central Bank: Lender of last resort in the government bond markets?
De Grauwe, Paul - 2011
The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are …
Persistent link: https://www.econbiz.de/10010286043
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Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe
De Grauwe, Paul; Schnabl, Gunther - 2004
This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European … exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For … the whole observation period the estimations reveal a significant impact of exchange rate stability on low inflation as …
Persistent link: https://www.econbiz.de/10010315954