Narrow search
Showing 1 - 10 of 581
Cover Image
The true nature of the portfolio balance channel of quantitative easing policy
Jakl, Jakub - In: Review of Economic Perspectives 19 (2019) 2, pp. 95-117
This paper analyses the effects of the ECB's Public sector purchase programme (PSPP) on portfolios of the Eurozone … investors. The ECB claims that the PSPP works mainly through the portfolio balance channel when the conditions on the asset … their portfolio to the state that better corresponds to ECB-changed market conditions and their preferences. This paper …
Persistent link: https://www.econbiz.de/10012384121
Cover Image
Analysis of Fiscal Rules in the European Monetary Union
Šehović, Damir - In: Journal of Central Banking Theory and Practice 4 (2015) 1, pp. 19-33
The EMU fiscal system is specific in many areas compared to other classic fiscal systems of national states. Specific … features mainly reflect in the implementation of economic policy within the EMU which is carried out by combining a common … centralized monetary policy under the ECB jurisdiction and decentralized fiscal policies under the jurisdiction of the member …
Persistent link: https://www.econbiz.de/10012217803
Cover Image
The effects of COVID-19 vaccines on economic activity
Deb, Pragyan; Furceri, Davide; Jiménez, Daniel; … - In: Swiss Journal of Economics and Statistics 158 (2022) 1, pp. 1-25
This paper empirically examines the economic effects of COVID-19 vaccine rollouts using a cross-country daily database of vaccinations and high-frequency indicators of economic activity - nitrogen dioxide (NO2) emissions, carbon monoxide (CO) emissions, and Google mobility indices - for a sample...
Persistent link: https://www.econbiz.de/10013205820
Cover Image
Überschreitet die EZB mit ihren Staatsanleihekäufen ihr Mandat?
Matthes, Jürgen; Demary, Markus - In: Wirtschaftsdienst 93 (2013) 9, pp. 607-615
The ECB's government bond purchases have become an issue for the German constitutional court. The authors see the OMT … programme as falling within the bounds of its mandate but call for the ECB's crisis policies to be strictly temporary. They … crisis countries and argue that the conditions for forbidden monetary government financing are not met - provided the ECB …
Persistent link: https://www.econbiz.de/10010327962
Cover Image
Influence of financial policy about the employment in Romania
Narcisa Roxana, Moşteanu - In: Budgetary Research Review (BRR) 3 (2011) 1, pp. 3-19
This paper aims to examine the influence of the fiscal and budgetary policy to the labour market and how to determine the movement of filled employment positions from one period to another, the gross job creation, the gross job destruction, the job reallocation and the average job vacancies. The...
Persistent link: https://www.econbiz.de/10010287560
Cover Image
Convergence and heterogeneity in euro based economies: Stability and dynamics
Haynes, Philip; Haynes, Jonathan - In: Economies 4 (2016) 3, pp. 1-16
Cluster analysis is used to explore the performance of key macroeconomic variables in European countries that share the euro, from the inception of the currency in 2002 through to 2013. An original applied statistical approach searches for a pattern synthesis across a matrix of macroeconomic...
Persistent link: https://www.econbiz.de/10011708728
Cover Image
Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: a post-Keynesian comparative study on France, Germany, Italy and Spain be...
Hein, Eckhard; Martschin, Judith - In: Review of Evolutionary Political Economy 2 (2021) 3, pp. 493-527
We contribute to the recent debates on demand and growth regimes in modern finance-dominated capitalism linking them to the post-Keynesian research on macroeconomic policy regimes. We examine the demand and growth regimes, as well as the macroeconomic policy regimes for the big four Eurozone...
Persistent link: https://www.econbiz.de/10014502094
Cover Image
Could/should Jubilee debt cancellations be reintroduced today? If not, what alternative measures of debt relief and redistribution might be possible?
Hudson, Michael; Goodhart, Charles A. E. - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-45, pp. 1-25
In this paper the authors recall the history of Jubilee debt cancellations, emphasizing what their social purpose was at that time. They note that it would not be possible to copy that procedure exactly nowadays, primarily because most debt/credit relationships are intermediated via financial...
Persistent link: https://www.econbiz.de/10011879005
Cover Image
Import substitution industrialisation and economic growth: Evidence from the group of BRICS countries
Adewale, Aregbeshola R. - In: Future Business Journal 3 (2017) 2, pp. 138-158
Governments in various countries, irrespective of the country׳s level of economic growth, seek to initiate macroeconomic policies towards achieving better economic performance in order to advance level of business activities and ultimately, ensure better quality of life for the people. To...
Persistent link: https://www.econbiz.de/10011937842
Cover Image
Austerity in the euro area: the sad state of economic policy in Germany and the EU
Truger, Achim - In: European Journal of Economics and Economic Policies: … 10 (2013) 2, pp. 158-174
The euro area is currently going through its worst period of recession and economic stagnation since the Great Depression and World War II. The article tries to give an impression of the extraordinary degree of fiscal austerity and the devastating economic effects it has already had and must be...
Persistent link: https://www.econbiz.de/10014363172