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Who did it?: a European detective story : was it real, financial, monetary and/or institutional : tracking growth in the euro area with an atheoretical tool
Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2019
Persistent link: https://www.econbiz.de/10012155380
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Great recession, slow recovery and muted fiscal policies in the US
Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016
cannot detect a signi.cant contribution of fiscal policies in stabilizing the US economy. For instance, the 2007-2009 large …
Persistent link: https://www.econbiz.de/10011434680
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Unconventional monetary policies and central bank profits : seigniorage as fiscal revenue in the aftermath of the global financial crisis
Bibow, Jörg - 2018
This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008-9, focusing on a select group of central banks - namely the Bank of England, the United States Federal Reserve System, the Bank of...
Persistent link: https://www.econbiz.de/10011910944
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Fiscal and monetary policies and the cost of sudden stops
Hutchison, Michael M. (contributor); Noy, Ilan (contributor) - 2007
Persistent link: https://www.econbiz.de/10003589069
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Twenty years of the German euro are more than enough
Bibow, Jörg - 2018
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10011894027
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Minsky, monetary policy, and mint street : challenges for the art of monetary policymaking in emerging economies
Yanamandra, Srinivas - 2014
Bank of India (RBI) in light of developments in the Indian economy during the last decade (2003-04 to 2013-14). The paper …
Persistent link: https://www.econbiz.de/10010436173
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Fiscal policy effectiveness : lessons from the Great Recession
Tcherneva, Pavlina R. - 2011
This paper reconsiders fiscal policy effectiveness in light of the recent economic crisis. It examines the fiscal policy approach advocated by the economics profession today and the specific policy actions undertaken by the Bush and Obama administrations. An examination of the labor market...
Persistent link: https://www.econbiz.de/10008906599
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Challenges for the EU as Germany approaches recession
Zestos, George K.; Cooke, Rachel N. - 2020
for fiscal intervention to rescue the economy, Chancellor Angela Merkel's government was overdue with corrective measures …. This paper explains Germany's hesitancy to protect its economy, which has been based on a political and historical ideology … that that rejects issuing new public debt to increase public spending, thus leaving the economy exposed to the doldrums …
Persistent link: https://www.econbiz.de/10012165421
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The two approaches to money : debt, central banks, and functional finance
Mastromatteo, Giuseppe; Esposito, Lorenzo - 2015
The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner’s theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature of money and the origin of the business cycle and...
Persistent link: https://www.econbiz.de/10011392820
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Two Harvard economists on monetary economics: Lauchlin Currie and Hyman Minsky on financial systems and crises
Velasquez, Iván D. - 2018
In November 1987, Hyman Minsky visited Bogotá, Colombia, after being invited by a group of professors who at that time were interested in post-Keynesian economics. There, Minsky delivered some lectures, and Lauchlin Currie attended two of those lectures at the National University of Colombia....
Persistent link: https://www.econbiz.de/10011925602