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Nicht zu früh bremsen! : der Einfluss der Geldpolitik auf die langfristige Wirtschaftsentwicklung in Deutschland und den USA

Schettkat, Ronald; Sun, Rongrong - 2009

Neutralität von Geldpolitik wurde diese bei der Suche nach den Ursachen europäischer Arbeitslosigkeit verschont. Tatsächlich … Arbeitsmarktinstitutionen. Wir argumentieren, dass das Zusammenwirken negativer Schocks und einer restriktiven Geldpolitik die wesentliche –wenn … Europa war. Die Bundesbank –Europas „Zentralbank“ vor Etablierung der EZB- hat eine asymmetrische Geldpolitik in dem Sinne …

Persistent link: https://www.econbiz.de/10003836155

Early exit from ECB bond purchase program could reduce GDP growth and inflation

Clemens, Marius; Gebauer, Stefan; Rieth, Malte - In: DIW economic bulletin 7 (2017) 49, pp. 533-540

The European Central Bank is planning a gradual reduction of government bond purchases under the asset purchase program it initiated in 2015. The present study by the German Institute for Economic Research analyzes the potential macroeconomic implications of different exit strategies. The...

Persistent link: https://www.econbiz.de/10011750746

Short-term forecasts of euro area GDP growth

Angelini, Elena; Camba-Méndez, Gonzalo; Giannone, Domenico - 2008

from a large panel of monthly series with different publication lags. We show that bridging via factors produces more …

Persistent link: https://www.econbiz.de/10003794044

Short-term Forecasts of Euro Area GDP Growth

Angelini, Elena; Camba-Méndez, Gonzalo; Giannone, Domenico - 2021

from a large panel of monthly series with different publication lags. We show that bridging via factors produces more …

Persistent link: https://www.econbiz.de/10013316473

Equal Size, Equal Role? Interest Rate Interdependence between the Euro Area and the United States

Ehrmann, Michael; Fratzscher, Marcel - 2005

This paper investigates whether the degree and the nature of economic and monetary policy interdependence between the United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the perspective of financial markets by analysing the...

Persistent link: https://www.econbiz.de/10014071471

Equal Size, Equal Role? Interest Rate Interdependence between the Euro Area and the United States

Ehrmann, Michael; Fratzscher, Marcel - 2021

This paper investigates whether the degree of interdependence between the United States and the euro area economies has changed with the advent of EMU. It addresses this issue from the perspective of financial markets by analysing the effects of monetary policy and macroeconomic news on daily...

Persistent link: https://www.econbiz.de/10013319350

The Macroeconomic Determinants of the US Term-Structure during the Great Moderation

Paccagnini, Alessia - 2014

The aim of this paper is to study how macroeconomic impulses can affect the term structure during the Great Moderation. As novelty in the research strategy, we create a term-structure using three latent factors of the yield curve. A Nelson-Siegel Model is implemented to estimate the latent...

Persistent link: https://www.econbiz.de/10014144946

How do low interest rates affect financial institutions and stability?

Wemmer, Dieter - In: ifo DICE report 15 (2017) 1, pp. 33-35

Global financial markets have witnessed a secular decline in interest rates since the the mid-1990s. This development was initially largely driven by the effects of globalization on production and increased trade, resulting in lower inflationary forces, especially in developed economies. In the...

Persistent link: https://www.econbiz.de/10011730060

Deflation as a Recipe for a Prosperous Europe

Sima, Josef - 2008

In the following text we will analyze the problems stemming from incorrect definitions of inflation and deflation.Then we will put forth a taxonomy of deflation, which will enable us to abandon the confused quot;macroquot; view of the deflation issue and to show the flawed comparison between two...

Persistent link: https://www.econbiz.de/10012770313

The influence of unconventional monetary policy tools : an euro area perspective

Pečiulis, Tomas; Vasiliauskaitė, Asta - In: Business, mangagement and economics engineering : BMEE 22 (2024) 2, pp. 317-332

Purpose - This article aims to investigate the influence of unconventional monetary policy tools (UMPTs) employed by the European Central Bank (ECB) on the inflation rate and GDP growth rate within the euro area, motivated by the principles of the Taylor rule. Research methodology - Elastic net...

Persistent link: https://www.econbiz.de/10015415888