Similar Search Results

Alternatives to Fiscal Austerity in Spain

Weisbrot, Mark; Montecino, Juan Antonio - Center for Economic and Policy Research (CEPR) - 2010

This paper looks at the planned austerity measures in Spain, the rationale for the spending cuts and tax increases, likely outcomes for future debt-to-GDP ratios, and the probable results of alternative policies.

Persistent link: https://www.econbiz.de/10008560250

The IMF’s Stand-by Arrangements and the Economic Downturn in Eastern Europe: The Cases of Hungary, Latvia, and Ukraine

Cordero, Jose Antonio - Center for Economic and Policy Research (CEPR) - 2009

This paper looks at three countries that have been hard-hit by the world economic recession, and have turned to the IMF for assistance: Hungary, Latvia, and Ukraine. In all of these countries, it would appear that there were more sensible responses to the crisis that would reduce the loss of...

Persistent link: https://www.econbiz.de/10008545829

Negative Nominal Interest Rates: Three ways to overcome the zero lower bound

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2009

The paper considers three methods for eliminating the zero lower bound on nominal interest rates and thus for restoring symmetry to domain over which the central bank can vary its policy rate. They are: (1) abolishing currency (which would also be a useful crime-fighting measure); (2) paying...

Persistent link: https://www.econbiz.de/10005034754

ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS

Novak, Branko; Matić, Branko; Stjepanović, Slobodanka - Volkswirtschaftliche Fakultät, … - 2003

Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...

Persistent link: https://www.econbiz.de/10005620044

Taylor Rules and the Euro.

Tanya, Molodtsova; Nikolsko-Rzhevskyy, Alex; Papell, David - Volkswirtschaftliche Fakultät, … - 2008

This paper uses real-time data to analyze whether the variables that normally enter central banks’ interest-rate-setting rules, which we call Taylor rule fundamentals, can provide evidence of out-of-sample predictability for the United States Dollar/Euro exchange rate from the inception of the...

Persistent link: https://www.econbiz.de/10005789851

Pass-Through del Tipo de Cambio y Política Monetaria: Evidencia Empírica de los Países del OECD

Carrera, Cesar; Binici, Mahir - Banco Central de Reserva del Perú - 2006

Este documento de trabajo provee un análisis empírico de la relación entre movimientos del tipo de cambio y los principales índices de precios en los países de la OECD. El análisis del trabajo esta centrado en cómo diferentes ambientes inflacionarios permitirían explicar el descenso en...

Persistent link: https://www.econbiz.de/10005443342

Monetary Transmission Mechanism in a Small Open Economy: A Bayesian Structural VAR Approach

Bhuiyan, Rokon - Economics Department, Queen's University - 2008

This paper develops an open-economy Bayesian structural VAR model for Canada in order to estimate the effects of monetary policy shocks, using the overnight target rate as the policy instrument. I allow the policy variable and the financial variables of the model to interact simultaneously with...

Persistent link: https://www.econbiz.de/10005688462

Euro-Area and US Banks Behavior, and ECB-Fed Monetary Policies during the Global Financial Crisis: A Comparison

Cukierman, Alex - C.E.P.R. Discussion Papers - 2014

This paper compares the behavior of Euro-Area (EA) banks’ credit and reserves with those of US banks following respective major crisis triggers (Lehman’s collapse in the US and the 2009 admission by Papandreou, that Greece’s deficit was substantially higher than previously believed, in the...

Persistent link: https://www.econbiz.de/10011096105

L'Eurosystème : un mécanisme de transferts en faveur des pays déficitaires ?. Le débat

Grjebine, André - In: Revue de l'OFCE N° 126 (2012) 7, pp. 269-298

the Eurozone, TARGET2 (Trans-European Automated Real-Time Gross Settlement Express Transfer). They criticize it under … Eurozone countries, thereby putting deficit countries in a prominent position in terms of money creation within the Eurozone … has thoroughly contributed to allow the Eurozone to surmount the financial and commercial imbalances that threatened to …

Persistent link: https://www.econbiz.de/10011187097

Monetary Policy Shocks and Portfolio Choice

Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - C.E.P.R. Discussion Papers - 2010

The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...

Persistent link: https://www.econbiz.de/10008692318

1
2
3
4
5
6
7
8
9
10
Next
Last