Showing 1 - 10 of 125
With the ECB's policy rate having reached the zero lower bound, traditional monetary policy tools became ineffective and the ECB was forced to adopt a set of unconventional monetary policy (UMP) measures. This paper examines the effects of the ECB’s UMP on inflation expectations in the Euro...
Persistent link: https://www.econbiz.de/10012149519
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003884937
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10010207060
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003879570
Persistent link: https://www.econbiz.de/10002147959
privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and … other European Union countries. In order to assess the impact of privatization in Austria on economic performance, we …
Persistent link: https://www.econbiz.de/10009748284
Persistent link: https://www.econbiz.de/10003374722
Deviations of policy interest rates from the levels implied by the Taylor rule have been persistent before the financial crisis and increased especially after the turn of the century. Compared to the Taylor benchmark, policy rates were often too low. This paper provides evidence that both...
Persistent link: https://www.econbiz.de/10011152603
rate as a relative price variable. However, such standard export equations have failed to explain the export performance of … vulnerable euro area crisis countries did not coincide with an appropriate improvement in price competitiveness. This paper …
Persistent link: https://www.econbiz.de/10010860282
This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African … (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run … regulations the more pronounced are the asymmetries. Robustness checks show that international price shocks do not affect GDP …
Persistent link: https://www.econbiz.de/10010705759