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A monetary policy strategy in good and bad times: lessons from the recent past
Fahr, Stephan; Motto, Roberto; Rostagno, Massimo; … - 2011
We evaluate the ECB’s monetary policy strategy against the underlying economic structure of the euro area economy, in normal times and in times of severe financial dislocations. We show that in the years preceding the financial crisis that started in 2007 the strategy was successful at...
Persistent link: https://www.econbiz.de/10011605382
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El racionamiento del crédito y las crisis financieras
Gómez, José Eduardo; Reyes, Nidia Ruth - In: Revista de Economía Institucional 4 (2002) July-December, pp. 62-75
The idea that credit is important has gained importance in the contemporary macroeconomic theory. However, almost all … differentiate between the monetary and the real economy in the long run. This paper proposes a relationship between credit … restrictions and financial crisis based on postkeynesian theory. In this context, credit rationalization appears as a natural …
Persistent link: https://www.econbiz.de/10005817032
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The Effectiveness of Monetary Policy since the Onset of the Financial Crisis
Bouis, Romain; Rawdanowicz, Łukasz; Renne, Jean-Paul; … - Economics Department, Organisation de Coopération et … - 2013
policy interest rate cuts and unconventional policy measures to higher asset prices and lower cost of credit in and outside … willingness to supply credit. The paper also stresses that the monetary accommodation risks having unintended negative … conventionnelles de politique monétaire à des prix d’actifs plus élevés et un coût du crédit plus faible à l’intérieur et à l …
Persistent link: https://www.econbiz.de/10011276812
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Credit, Financial Stability, and the Macroeconomy
Taylor, Alan M. - C.E.P.R. Discussion Papers - 2015
-run historical work has uncovered a range of important stylized facts concerning financial instability and the role of credit in …
Persistent link: https://www.econbiz.de/10011213304
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Monetary Policy after the Crisis
Pagano, Patrizio; Chobanov, Petar Pandushev; LAHIANI, Amine - SUERF - The European Money and Finance Forum
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10009391856
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Can austerity work?
Calcagno, Alfredo - In: Review of Keynesian Economics 1 (2012), pp. 24-36
and credit, which would expand fiscal multipliers and the purchasing power of low and medium income groups with a high …
Persistent link: https://www.econbiz.de/10010711807
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Monetary Policy after the Crisis
Belka, Marek; Thomsen, Jens; Abildgren, Kim; Catte, Pietro - 2011
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011689949
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Monetary policy after the crisis : a joint publication with the National Bank of Poland
Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.);  … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
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Global financial crisis and integration into world economy
IONETE, Constantin - In: Finante - provocarile viitorului (Finance - Challenges … 1 (2010) 11, pp. 9-13
According to international researchers, global economic recovery depends on the support of governments and central banks, but if they withdraw their recovery programs then the entire commitment will fail. Moreover, rising unemployment, deflation and state markets hinder global economic recovery....
Persistent link: https://www.econbiz.de/10008520603
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The Great Depression and the Great Recession: A Comparative Analysis of their Analogies
Peicuti, Cristina - In: European Journal of Comparative Economics 11 (2014) 1, pp. 55-78
The decades preceding the Great Depression and the U.S. subprime mortgage crisis have close similarities. Both decades were characterized by rapid growth without major contractions, by an increase in liquidity, a lack of inflation, and a generalized decrease in risk premiums. Additional...
Persistent link: https://www.econbiz.de/10011245961