Search Results - subject_exact:"Währungsstabilität"

When global energy costs travel : domestic trade network channel to inflation expectations

Chronopoulos, Dimitris K.; Gül, Selçuk; Kazdal, Abdullah - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015568326

Price stability & risks : benign outlook vs potential concerns

Hegemann, Hendrik; Wieland, Volker - 2026

The ECB anticipates stable growth and inflation, while Europe is faced with geopolitical threats, lack of competitiveness and fiscal challenges. At such a time, central bankers need to consider the dynamics of risk scenarios that arise from potentially mis-aligned or mis-perceived trends and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615750

The role of production networks in price stability

Stockman, Samuel - 2026

Between the pandemic and the war in Iran, inflation has become a central issue facing the US economy that is compounding a broader affordability crisis. However, the sector-specific nature of these recent inflationary episodes means that movements in the price level are not evenly distributed...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015666843

Building a coherent European green macrofinancial regime : how the ECB can leverage the EU's sustainable finance framework to secure climate objectives and price stability

Bronstering, Gaston; Smoleńska, Agnieszka; Barmes, David - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671834

A dual mandate can support price stability

Bundick, Brent; Petrosky-Nadeau, Nicolas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016091045

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A dual mandate can support price stability

Bundick, Brent; Petrosky-Nadeau, Nicolas - 2026

Book / Working Paper

Climate risk and central banking in Asia : balancing price stability and financial stability

Shirai, Sayuri - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015580398

Inflation expectations and inflation modelling: the case of Trinidad and Tobago

Nelson, Andell; Persad, Nikkita - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015546919

Economic growth, price stability and governance implications of fiscal and monetary policies : global scenario

2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015634497

Mehr als grün : Optionen einer nicht-neutralen Geldpolitik in der Eurozone

Walter, Johann - 2025

Das Europäische System der Zentralbanken (ESZB) folgt in erster Linie dem Ziel der Preisstabilität. Darüber hinaus kann es weitere Ziele anstreben. Genauer gesagt kann sogar die Pflicht bestehen, eine so genannte mehrdimensionale nicht-neutrale Geldpolitik umzusetzen. Denn laut Vertrag über...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371356

Climate threat and price stability : a case study of Belize

Ouattara, Bazoumana; Soutar, C.; Waight, G. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015334799

Fiscal requirements for price stability when households are not Ricardian

Dupraz, Stéphane; Rogantini Picco, Anna - 2025

Are restrictions on fiscal policy necessary for monetary policy to be able to deliver price stability? When households are Ricardian, the net present value of future fiscal surpluses needs to equate the real value of government debt absent inflation. We show that when households are not...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015339693

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Fiscal requirements for price stability when households are not ricardian

Dupraz, Stéphane; Rogantini Picco, Anna - 2025

Book / Working Paper

Monetary aggregates and inflation: a new view on an old relationship

Amisano, Gianni; Colavecchio, Roberta - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015198497

Late Wittgenstein's money

Steininger, L. Eden - 2025

This essay examines the contemporary discourse on inflation through the lens of Wittgenstein's late work on language games. Using his concept of hinge propositions - beliefs upon which language games depend - I offer a novel perspective on the public good that is price stability. In particular,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015413135

Climate change, monetary policy and price stability in South Africa

Tan, Yixiao; Tsomocos, Dimitrios P.; Wang, Xuan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015446517

Should central banks' mandate be revised?

Stournaras, Yannis A. - 2025

This paper revisits the evolving mandates of central banks in light of recent economic disruptions and structural shifts. Drawing on historical lessons from the Great Inflation and the Global Financial Crisis, it highlights the importance of price stability and central bank independence as...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015596640

Modeling monopoly money : the Neochartalist theory of the price level

Levey, Sam - 2025

This paper formalizes the theory of price level determination from Modern Monetary Theory by building two toy models of 'monopoly money'. Drawing inspiration from mainstream models of durable goods with monopoly producers, the government is modelled as the sole producer of its liabilities, which...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015553740

Exploring the effects of price stabilization on coffee income among farmers in Rwanda : does certification matter?

Squarcina, Margherita - 2025

In recent years, farmers have faced growing exposure to economic shocks, extreme weather events, and conflicts, threatening their incomes, especially in developing countries. This study investigates whether voluntary sustainability standards help mitigate the economic impact of price shocks,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015557324

Nature at risk : implications for the euro area economy and financial stability : economic and financial risks stemming from degradation of ecosystem services

Ceglar, Andrej; Jwaideh, Mark; O'Donnell, Emma; … - 2025

Degraded ecosystems undermine productivity, disrupt supply chains and heighten vulnerability to shocks, creating risks for the real economy and the financial sector. Biodiversity loss and ecosystem degradation also pose a growing risk to price stability, with increasing evidence that ecosystem...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015589511

Price stability and financial stability : designing the central bank mandate

Caiazzo, Emmanuel; Zazzaro, Alberto - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015580635

The bank of England's statutory monetary policy objectives : a historical and legal account

Salib, Michael; Ghazaleh, Mesha - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062679

Inflation targeting and monetary policy in practice : the experience of the Bank of Japan

Kaihatsu, Sohei; Masaki, Kazuhiro; Sugioka, Yu; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015460704

Monetary policy strategies to foster price stability and a strong labor marke

Kiley, Michael T. - 2024 - Version 10

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015054060

Continuity and change in the Federal Reserve's perspective on price stability

López-Salido, José David; Markowitz, Emily J.; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015055844

Inflation targeting and monetary policy in practice : the experience of the European Central Bank

Altavilla, Carlo; Rostagno, Massimo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015460708

Inflated concerns : exposure to past inflationary episodes and preferences for price stability

Magud, Nicolas; Pienknagura, Samuel - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015574581

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Inflated Concerns: Exposure to Past Inflationary Episodes and Preferences for Price Stability

Magud, Nicolas - 2024

Book / Working Paper

Inflation targeting and monetary policy in practice : the experience of the Swiss National Bank

Lenz, Carlos; Zanetti, Attilio - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015460730

Are central banks still conservative? : frameworks, monetary policy and inflation after rogoff

2025

"With a foreword written by Kenneth Rogoff, this astute book examines central banking through the lens of his principle of the conservative central banker and emphasis on price stability over short-term political and economic pressures. Expert contributors explore how central banks have...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015593867

Price-level determination under the gold standard

Fernández-Villaverde, Jesús; Sanches, Daniel - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014575698

Greener and cheaper: green monetary policy in the era of inflation and high interest rates

Aguila, Nicolás; Wullweber, Joscha - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015069743

Food price stabilization : theory and lessons from experience

Dorosh, Paul; Minot, Nicholas W.; Rashid, Shahidur - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015560249

Fiscal backing for price stability in a monetary union

Maćkowiak, Bartosz; Schmidt, Sebastian - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015675797

Monetary-fiscal policy interactions when price stability occasionally takes a back seat

Schmidt, Sebastian - 2024

What are the macroeconomic consequences of a government that is limited in its willingness or ability to raise primary surpluses, and a central bank that accommodates its interest-rate policy to the fiscal conditions? I address this question in a dynamic stochastic sticky-price model with...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014484339

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Monetary-fiscal policy interactions when price stability occasionally takes a back seat

Schmidt, Sebastian - 2023

Book / Working Paper

Monetary-fiscal policy interactions when price stability occasionally takes a back seat

Schmidt, Sebastian - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014484339

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Monetary-fiscal policy interactions when price stability occasionally takes a back seat

Schmidt, Sebastian - 2023

Book / Working Paper

Gesamtwirtschaftliche Preiseffekte der Rückgabe von CO-Abgaben : Analysen Klimapolitik

Koll, Willi - 2024

CO2 -Abgaben wie Steuern und Zertifikate als Instrumente der Klimapolitik üben einen starken Effekt auf die gesamtwirtschaftliche Preisentwicklung aus. Eine insbesondere preisstabilitätsgerechte Rückgabe der CO2 -Einnahmen soll dazu beitragen, überschießende Reaktionen von Lohnentwicklung,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014511831

The job guarantee : MMT's proposal for full employment and price stability

Tcherneva, Pavlina R. - 2024

Orthodox economic theory presents the policy maker with an impossible choice: eradicate unemployment at the cost of undesirable inflation or keep prices stable by maintaining some level of involuntary unemployment. This is the canon, as embodied in the natural rate of unemployment theory and the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015135049

Monetary and fiscal policy interactions : risks to price stability in times of high government debt

2024

The change in macroeconomic conditions since the ECB's strategy review in 2021 towards an environment characterised by above-target inflation, high interest rates, and renewed concerns about elevated government debt has been a vocal reminder of the intricate interdependencies between monetary...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015321150

A structural vector autoregression exploration of South Africa's monetary and macroprudential policy interactions

Magubane, Khwazi; Nzimande, Ntokozo Patrick - 2024

Interactions between monetary and macroprudential policy are crucial in safeguarding price and financial stability. This study investigates the macroeconomic and financial impacts of monetary and macroprudential policy interactions in South Africa, a leading African economy in developing...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015196502

Perspectives on U.S. monetary policy and the return to price stability

Clarida, Richard H. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015425771

Insolvenz- und Restrukturierungsrecht für EZB und Bundesbank? : ein neues Krisenbewältigungsverfahren zur Sicherung der Preisstabilität

Fischer, Valentin L. - 2024 - 1. Auflage

Die Arbeit schlägt für das Eurosystem als Krisenrecht ein neues Verfahren zum besseren und sicheren Erreichen des Preisstabilitätsziels vor. Dazu knüpft es an hohen Teuerungsraten an. Als ultima ratio sieht es die Bank für Internationalen Zahlungsausgleich (BIZ) als Verwalterin vor, um eine...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014583318

Does inflation targeting matter for price stability?

Guo, Minjie; Lim, Eun Son - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014492280

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Does Inflation Targeting Matter for Price Stability?

Guo, Minjie; Lim, Eun Son - 2023

Book / Working Paper

The return of inflation

Baltensperger, Ernst - 2023

For a quarter of a century, the western world has enjoyed a macroeconomic environment characterized by low and stable inflation. Over the last two years, this benign state has dramatically changed. In America and Europe, inflation has resurged with unexpected vigor. Treated at first by central...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014506542

Central bank communication in unconventional times : some evidence from a textual analysis of the National Bank of Poland communication during the COVID-crisis

Voloshchenko-Holda, Lada; Niedziółka, Pawel - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015080144

Central bank digital currency and fiscal policy in a Diamond-Dybvig Model

El Armali, Jafar - 2023

After introducing digital currency, the central bank emerges as a monopolist bank. It then faces an "impossible trinity". To achieve price stability and financial stability, optimal consumption allocation is sacrificed. In this paper, I show that fiscal policy designed in coordination with the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014518045

Central Banking Post Crises

Kiley, Michael T.; Mishkin, Frederic S. - 2024

The world economy has experienced the largest financial crisis in generations, a global pandemic, and a resurgence in inflation during the first quarter of the 21st century, yielding important insights for central banking. Price stability has important benefits and is the responsibility of a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014512091

Economic freedom in retrospect

Prados de la Escosura, Leandro - 2023

This paper analyses economic freedom for a sample of 21 OECD countries over the past 170 years on the basis of a new thoroughly revised Historical Index of Economic Liberty (HIEL). Long-term gains in economic freedom reached two-thirds of its potential maximum. The expansion of economic freedom...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014338679

Price stability and debt sustainability under endogenous trend growth

Schmöller, Michaela; McClung, Nigel - 2024

This paper studies price stability and debt sustainability when the real rate exceeds trend growth (r g) in a New Keynesian model with endogenous technology growth through R&D. Under debt-stabilizing ("passive") fiscal policy the Taylor principle is not sufficient for determinacy. Instead,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014457581

Deficit sustainability and fiscal theory of price level : the case of Italy, 1861-2020

Congregado, Emilio; Díaz Roldán, Carmen; Esteve … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014323548

A study on central banks and social responsibility : the case of the ESCB

Felicetti, Raffaele - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014526395

Food inflation and monetary policy in emerging economies

Sami, Janesh; Makun, Keshmeer - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015408193

The Price of Stability : Volatility and the Rise in Markups during the Great Moderation

Colla Rizzi, Giovanni; Lucke, Friedrich; Morzenti, Giovanni - 2023

During the Great Moderation, macroeconomic volatility declined while firm markups increased. We document a causal relationship between volatility and markups due to tacit collusion. We exploit the legalisation of interstate banking as an exogenous decrease in volatility. Using an instrumental...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014254341