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The true nature of the portfolio balance channel of quantitative easing policy
Jakl, Jakub - In: Národohospodářský obzor : časopis věnovaný … 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/10012026893
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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/10012886840
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Convergence and heterogeneity in euro based economies : stability and dynamics
Haynes, Philip; Haynes, Jonathan - In: Economies : open access journal 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/10011542637
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Evaluating default policy : the business cycle matters
Gordon, Grey - In: Quantitative economics : QE ; journal of the … 6 (2015) 3, pp. 795-823
More debt forgiveness directly benefits households but indirectly makes credit more expensive. How does aggregate risk affect this trade-off? In a calibrated general equilibrium life-cycle model, aggregate risk reduces the welfare benefit of making default very costly when the costs are borne by...
Persistent link: https://www.econbiz.de/10011757768
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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. - 2018
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/10011873351
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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/10011862095
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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/10009580990
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Überschreitet die EZB mit ihren Staatsanleihekäufen ihr Mandat?
Matthes, Jürgen; Demary, Markus - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 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/10010190547
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The European industrial challenge and the Italian NRRP
Maranzano, Paolo; Noera, Mario; Romano, Roberto - In: PSL quarterly review 74 (2021) 298, pp. 207-218
This paper investigates the consistency of the Italian National Recovery and Resilience Plan with the economic and industrial policy objectives outlined in the "Next Generation EU" plan and the European Commission's New European Industrial Policy. We analyze official policy documents in order to...
Persistent link: https://www.econbiz.de/10013175108
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The US economy and the election : letter from America
Galbraith, James K. - In: Intereconomics : review of European economic policy 59 (2024) 2, pp. 119-120
Persistent link: https://www.econbiz.de/10014520778