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Möglichkeiten, deren Ausgestaltung bestimmt, wie groß ihr Beitrag für innovative Lösungen am Arbeitsmarkt sein kann. Dies …
Persistent link: https://www.econbiz.de/10009679033
Die Zentralbanken versuchen gegenwärtigmit dem Instrument der Zinsschraube beides zu erreichen: Inflationsabschwächung und Finanzmarktstabilisierung. Sie geben auch vor, separate Instrumente für beide Probleme zu haben. Aber ist das wirklich so? Unbestreitbar ist, dass die fiskalischen und...
Persistent link: https://www.econbiz.de/10015110382
The rapid digitization of finance, the fast pace of technology advancement and the rise of data-driven innovation has … financial stability, integrity, inclusion, innovation, consumer protection, and market competition. Policymakers and regulators … the ongoing results of their work. Including a detailed and systematic assessment of competition and innovation impacts …
Persistent link: https://www.econbiz.de/10012909358
A theoretical analysis of the new Keynesian Phillips curve (NKPC) is provided, formulating the conditions under which the NKPC coincides with a real-world relation that is not spurious or misspecified. A time-varying-coefficient (TVC) model, involving only observed variables, is shown to exactly...
Persistent link: https://www.econbiz.de/10014080670
The Bitcoin Market Potential Index conceptualizes and ranks the potential utility of bitcoin across 178 countries to show where the cryptocurrency has the greatest relative potential for adoption. The index utilizes a data set with 40 variables from the following areas: technology penetration,...
Persistent link: https://www.econbiz.de/10012996346
for an increased reliance on permanent monetary finance. Rather, we argue that rapid technological innovation in payments …
Persistent link: https://www.econbiz.de/10013243075
The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis depended on time series data and was divided into theoretical and applied analytical framework. An econometric model was utilized to reflect the relations between financial policy...
Persistent link: https://www.econbiz.de/10013107752
This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best. Second, the fit markedly improves, when correcting...
Persistent link: https://www.econbiz.de/10013073658
We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010230124
Die Rettungsaktionen der EZB stehen in der Kritik: Es wird befürchtet, dass sie zu steigenden Inflationsraten führen könnten. Die Autoren des Zeitgesprächs sehen diese Gefahr nicht. Vielmehr könne ein gemäßigter Anstieg der Inflation sogar dazu beitragen, die Staatsschulden schneller...
Persistent link: https://www.econbiz.de/10009621756