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money and inflation. When analysing the full sample of countries we find a strong positive relation between the long …-run inflation and money growth rate. The relation is not, however, proportional. The strong link between inflation and money growth … inflation and money growth for low inflation countries (on average less than 10% per annum over the last 30 years) is weak. We …
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Die globale Finanzmarktkrise 2007-2009 hat gezeigt, wie stark ganze Volkswirtschaften von der Stabilität eines reibungslos funktionierenden Finanzsystems abhängen. Problematisch ist beispielsweise die Systemrelevanz einzelner Akteure, da diese im Notfall mit öffentlichen Mitteln gerettet...
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governments to come to the rescue of their undercapitalised banks.The new responsibilities entrusted to the European Central Bank …
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DSGE-models have become important tools of analysis not only in academia but increasingly in the board rooms of central banks. The success of these models has much to do with the coherence of the intellectual framework it provides. The limitations of these models come from the fact that they...
Persistent link: https://www.econbiz.de/10011604943
In this paper we perform a meta-analysis of the effects of monetary policies on output and prices. We use a sample of published papers on the effects of monetary policies in different countries. There is a large variation in the estimated effects of monetary policies on output and prices. We...
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