Showing 1 - 10 of 8,292
The paper argues that the Greek debt crisis, as well as those of other Southern European countries and Ireland, has to be seen in macroeconomic context. The sum of the public sector balance, the (domestic) private sector balance and the current account deficit (or equivalently: the capital...
Persistent link: https://www.econbiz.de/10010670267
Persistent link: https://www.econbiz.de/10010739319
The current global financial crisis involves a wide range of situations in which economies, financial institutions, and assets have lost a substantial portion of their value. Banking panics, financial crisis associated with financial bubbles' bursts, sovereign debt defaults, and currency crisis...
Persistent link: https://www.econbiz.de/10010669161
deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen … déprécié ; les mouvements de capitaux se sont interrompus ; l’inflation est forte ; la dette publique a augmenté ; des sources …
Persistent link: https://www.econbiz.de/10008498025
gradually adopted new monetary regimes with more or less emphasis on the exchange rate, inflation and growth targets. This study … analyses the economic background of the choice of monetary regime in these countries and their success in curbing inflation. A … (2008) - provides evidence of inflation targeting as being an effective policy to reduce inflation, however, reveals biased …
Persistent link: https://www.econbiz.de/10011130269
Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from employer's social contributions to the Value Added Tax. We find that a FD in ‘Southern European countries’ has a strong...
Persistent link: https://www.econbiz.de/10011142031
-Universität Frankfurt, eher in einer sogenannten »Lowflation« – zu wenig Inflation – statt einer Deflation. Doch auch schon die Lowflation …
Persistent link: https://www.econbiz.de/10010877488
Persistent link: https://www.econbiz.de/10004998684
Turkey's performance in the current crisis shows that it has managed to weather the global stormy conditions relatively well and avoid collapsing into a full-fledged currency and financial crisis. On the face of it, one could conclude economic reforms introduced since 2001 have paid off and...
Persistent link: https://www.econbiz.de/10008516233
financial policy and analysis covering four areas: the emergence and taming of the great inflation, developments in US external …
Persistent link: https://www.econbiz.de/10011114882