Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 25 of 33.

  1. Balansen, inkomsten en uitgaven van bfi’s
    feiten, cijfers en mogelijkheden voor effectmeting
    Published: oktober 2018
    Publisher:  SEO Economisch Onderzoek, Amsterdam

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Rechte
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: Dutch
    Media type: Ebook
    Format: Online
    ISBN: 9789067339476
    Series: SEO-rapport ; nr. 2018, 86
    Subjects: Steueroase; Zins; Gebühr; Steuererhebungsverfahren; Wirkungsanalyse; Niederlande
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  2. The natural rate of interest and the financial cycle
    Published: [2018]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    I extend the model of Laubach and Williams (2003) by introducing an explicit role for the financial cycle in the joint estimation of the natural rates of interest, unemployment and output, and the sustainable growth rate of the US economy. By... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534 (2168)
    No inter-library loan

     

    I extend the model of Laubach and Williams (2003) by introducing an explicit role for the financial cycle in the joint estimation of the natural rates of interest, unemployment and output, and the sustainable growth rate of the US economy. By incorporating the financial cycle - arguably an omitted variable from the system - the model is able to deliver more plausible estimates of business cycle dynamics. The sustained decline in the natural rate of interest in recent decades is confirmed, but I estimate that strong and persistent headwinds due to financial deleveraging have lowered temporarily the natural rate on average by around 1 p.p. below its long-run trend over 2008-14. This may have impaired the effectiveness of interest rate cuts to stimulate the economy and lift inflation back to target in the immediate aftermath of the GFC.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289932738
    Other identifier:
    hdl: 10419/183350
    Series: Working paper series / European Central Bank ; no 2168 (July 2018)
    Subjects: Geldpolitik; Zins; Wirkungsanalyse; Produktionspotenzial; Finanzmarkt; Kredit; Konjunktur; Schätzung; USA
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  3. Gross capital flows, common factors, and the global financial cycle
    Published: February 2018
    Publisher:  World Bank Group, Development Research Group, Macroeconomics and Growth Team, Washington, D.C.

    This paper assesses the international comovement of gross capital inflows and outflows using a two-level factor model. Among advanced and emerging countries, capital flows exhibit strong commonality: common (global and country group-specific) factors... more

    Access:
    Verlag (Deutschlandweit zugänglich)
    Evangelische Hochschule Berlin, Bibliothek
    eBook
    No inter-library loan
    Max-Planck-Institut für Bildungsforschung, Bibliothek und wissenschaftliche Information
    No inter-library loan
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    No inter-library loan
    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    Universitätsbibliothek Clausthal
    No inter-library loan
    Hochschule für Technik und Wirtschaft Dresden, Bibliothek
    World Bank Nationallizenz
    No inter-library loan
    Hochschule Emden/Leer, Hochschulbibliothek
    No inter-library loan
    Bibliothek der Pädagogischen Hochschule Freiburg/Breisgau
    No inter-library loan
    Universitätsbibliothek Freiburg
    No inter-library loan
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    Deutsche Akademie der Naturforscher Leopoldina, Bibliothek
    ebook (Nationallizenz)
    No inter-library loan
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    No inter-library loan
    Max-Planck-Institut für ethnologische Forschung, Bibliothek
    No inter-library loan
    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
    ebook
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Technische Universität Hamburg, Universitätsbibliothek
    No inter-library loan
    Bibliothek der Hochschule Hannover
    No inter-library loan
    Bibliothek im Kurt-Schwitters-Forum
    No inter-library loan
    Leibniz-Fachhochschule Hannover, Bibliothek
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    Duale Hochschule Baden-Württemberg Heidenheim, Bibliothek
    e-Book Nationallizenz
    No inter-library loan
    Universitätsbibliothek Ilmenau
    WIR 2016
    No inter-library loan
    Thüringer Universitäts- und Landesbibliothek
    No inter-library loan
    Karlsruher Institut für Technologie, KIT-Bibliothek
    No loan of volumes, only paper copies will be sent
    Karlsruher Institut für Technologie, KIT-Bibliothek
    No loan of volumes, only paper copies will be sent
    Karlsruher Institut für Technologie, KIT-Bibliothek
    No loan of volumes, only paper copies will be sent
    Fachhochschule Kiel, Zentralbibliothek
    No inter-library loan
    Universitätsbibliothek Kiel, Zentralbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 2 (8354)
    No inter-library loan
    HTWG Hochschule Konstanz Technik, Wirtschaft und Gestaltung, Bibliothek
    eBook WorldBank
    No loan of volumes, only paper copies will be sent
    Hochschule Anhalt , Hochschulbibliothek
    No inter-library loan
    Universitätsbibliothek Leipzig
    No inter-library loan
    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
    No inter-library loan
    Otto-von-Guericke-Universität, Universitätsbibliothek
    ebook worldbank
    No inter-library loan
    Duale Hochschule Baden-Württemberg Mannheim, Bibliothek
    eBook World Bank
    No inter-library loan
    Hochschule für Wirtschaft und Umwelt Nürtingen-Geislingen, Bibliothek Nürtingen
    eBook World Bank
    No loan of volumes, only paper copies will be sent
    Hochschule Offenburg, University of Applied Sciences, Bibliothek Campus Offenburg
    E-Book Worldbank
    No loan of volumes, only paper copies will be sent
    Universitätsbibliothek Osnabrück
    No inter-library loan
    Hochschulbibliothek Pforzheim, Bereichsbibliothek Technik und Wirtschaft
    e-Book World Bank E-Library Archive
    No inter-library loan
    Universität Potsdam, Universitätsbibliothek
    No inter-library loan
    Duale Hochschule Baden-Württemberg Ravensburg, Bibliothek
    E-Book WorldBank
    No inter-library loan
    Hochschulbibliothek Reutlingen (Lernzentrum)
    eBook
    No loan of volumes, only paper copies will be sent
    Universitätsbibliothek Rostock
    No inter-library loan
    Saarländische Universitäts- und Landesbibliothek
    No inter-library loan
    Hochschule Albstadt-Sigmaringen, Bibliothek Sigmaringen
    No inter-library loan
    Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
    No loan of volumes, only paper copies will be sent
    Universitätsbibliothek der Eberhard Karls Universität
    No inter-library loan
    Duale Hochschule Baden-Württemberg Villingen-Schwenningen, Bibliothek
    World Bank eLibrary
    No inter-library loan
    UB Weimar
    No inter-library loan
    Ostfalia Hochschule für angewandte Wissenschaften, Bibliothek
    No inter-library loan

     

    This paper assesses the international comovement of gross capital inflows and outflows using a two-level factor model. Among advanced and emerging countries, capital flows exhibit strong commonality: common (global and country group-specific) factors account, on average, for close to half of their variance. There is a contrast across groups: common factors dominate advanced-country capital flows, while idiosyncratic factors dominate emerging- country flows and, especially, developing-country flows. The reason is the much larger role of global factors among advanced countries. Importantly, these findings apply to both inflows and outflows: their respective common factors are very similar-although global factors play a bigger role for outflows than for inflows. The commonality of flows reflects a global cycle, summarized by a small set of variables (the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain much of the variance of the estimated factors-especially the global factors. Over time, the quantitative role of the common factors exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase of "deglobalization" post-crisis. Greater financial openness, deeper financial systems, and more rigid exchange rate regimes amplify countries' exposure to the global financial cycle

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (Deutschlandweit zugänglich)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Policy research working paper ; 8354
    World Bank E-Library Archive
    Subjects: Kapitalmobilität; Rohstoffpreis; Wechselkurs; Zins; Globalisierung; Welt
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  4. Fiscal rules and discretion in a world economy
    Published: 05 January 2018
    Publisher:  Centre for Economic Policy Research, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 32 (12570)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; DP 12570
    Subjects: Finanzpolitik; Regelbindung versus Diskretion; Konjunktur; Schock; Systematischer Fehler; Zins; Theorie
    Scope: 53 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  5. Forward guidance
    Published: April 2018
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1 (24521)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 24521
    Subjects: Prognose; Ankündigungseffekt; Geldpolitik; Zins
    Scope: 39 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  6. The optimal inflation target and the natural rate of interest
    Published: February 2018
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1 (24328)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 24328
    Subjects: Inflationssteuerung; Phillips-Kurve; DSGE-Modell; Steady-State-Ökonomie; Zins
    Scope: 60 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  7. Plotting interest rates
    the FOMC's projections and the economy
    Published: 02 March 2018
    Publisher:  Centre for Economic Policy Research, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 32 (12768)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; DP 12768
    Subjects: Zentralbank; Amerikanisch; Geldpolitik; Zins; Erwartungswert; USA
    Scope: 31 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  8. Capital markets and grain prices
    assessing the storage cost approach
    Published: 07 March 2018
    Publisher:  Centre for Economic Policy Research, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 32 (12778)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; DP 12778
    Subjects: Getreidepreis; Finanzmarkt; Zins; Zeitreihenanalyse; USA
    Scope: 28 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  9. The state of new Keynesian economics: a partial assessment
    Author: Galí, Jordi
    Published: 31 July 2018
    Publisher:  Centre for Economic Policy Research, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 32 (13095)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Discussion paper series / Centre for Economic Policy Research ; DP13095
    Subjects: Neoklassische Synthese; DSGE-Modell; Zins; Geldpolitik; Privater Haushalt
    Scope: 26 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  10. Are interest rates really low?
    Published: January 2018
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1 (24258)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 24258
    Subjects: Zins; Realzins; Zinsstruktur; Öffentliche Anleihe; USA
    Scope: 38 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  11. Frontiers of macrofinancial linkages
    Published: January 2018
    Publisher:  Bank for International Settlements, [Basel]

    The Great Financial Crisis of 2007-09 confirmed the vital importance of advancing our understanding of macrofinancial linkages, the two-way interactions between the real economy and the financial sector. The crisis was a bitter reminder of how sharp... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    C 280119
    Unlimited inter-library loan, copies and loan
    Universitätsbibliothek Mannheim
    300 QK 000 B621-95
    No inter-library loan

     

    The Great Financial Crisis of 2007-09 confirmed the vital importance of advancing our understanding of macrofinancial linkages, the two-way interactions between the real economy and the financial sector. The crisis was a bitter reminder of how sharp fluctuations in asset prices, credit and capital flows can have dramatic impact on the financial positions of households, corporations and sovereign nations. As fluctuations were amplified, the global financial system was brought to the brink of collapse and the deepest contraction in world output in more than half a century followed. Moreover, unprecedented challenges for fiscal, monetary and financial regulatory policies resulted. The crisis revived an old debate in the economics profession about the importance of macrofinancial linkages. Some argue that the crisis was a painful reminder of our limited knowledge of these linkages. Others claim that the profession had already made substantial progress in understanding them but that there was too much emphasis on narrow approaches and modelling choices. Yet, most also recognise that the absence of a unifying framework to study these two-way interactions has limited the practical applications of existing knowledge and impeded the formulation of policies. With these observations in mind, this paper presents a systematic review of the rapidly expanding literature on macrofinancial linkages. It first surveys the literature on the linkages between asset prices and macroeconomic outcomes. It then reviews the literature on the macroeconomic implications of financial imperfections. It also examines the global dimensions of macrofinancial linkages and documents the main stylized facts about the linkages between the real economy and the financial sector. The topic of macrofinancial linkages promises to remain an exciting area of research, given the many open questions and significant policy interest. The paper concludes with a discussion of possible directions for future research, stressing the need for richer theoretical models, more robust empirical work and better quality data so as to advance knowledge and help guide policymakers going forward.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    ISBN: 9789292591236
    RVK Categories: QK 000
    Series: BIS papers ; no. 95
    Subjects: Börsenkurs; Wechselkurs; Zins; Wirkungsanalyse; Wirtschaftswachstum; Welt
    Scope: VIII, 191 Seiten, Illustrationen, 30 cm
    Notes:

    Erscheint auch als Online-Ausgabe

  12. The rate of return on everything, 1870-2015
    Published: 2018
    Publisher:  Munich Society for the Promotion of Economic Research ‐ CESifo GmbH, Munich, Germany

    This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is... more

    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63 (6899)
    No inter-library loan

     

    This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long-run? Which particular assets have the highest long-run returns? We answer these questions on the basis of a new and comprehensive dataset for all major asset classes, including -for the first time - total returns to the largest, but oft ignored, component of household wealth, housing. The annual data on total returns for equity, housing, bonds, and bills cover 16 advanced economies from 1870 to 2015, and our new evidence reveals many new insights and puzzles.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/176918
    Series: Array ; no. 6899
    Subjects: Wirtschaftsgeschichte; Return on Investment; Ertragsgesetz; Kapitalwertmethode; Zins; Rendite; Dividende; Risikoprämie; Vermögen; Wohnungsmarkt; Europa; USA; Japan; Australien
    Scope: 1 Online-Ressource (circa 124 Seiten)
  13. Why have interest rates fallen far below the return on capital
    Published: January 25, 2018
    Publisher:  Federal Reserve Bank of Chicago, [Chicago, Illinois]

    Risk-free rates have been falling since the 1980s while the return on capital has not. We analyze these trends in a calibrated OLG model with recursive preferences, designed to encompass many of the "usual suspects" cited in the debate on secular... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 244 (2018,1)
    No inter-library loan

     

    Risk-free rates have been falling since the 1980s while the return on capital has not. We analyze these trends in a calibrated OLG model with recursive preferences, designed to encompass many of the "usual suspects" cited in the debate on secular stagnation. Declining labor force and productivity growth imply a limited decline in real interest rates and deleveraging cannot account for the joint decline in the risk free rate and increase in the risk premium. If we allow for a change in the (perceived) risk to productivity growth to fit the data, we find that the decline in the risk-free rate requires an increase in the borrowing capacity of the indebted agents in the model, consistent with the increase in the sum of public and private debt since the crisis, but at odds with a deleveraging-based explanation put forth in Eggertsson and Krugman (2012).

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/200571
    Series: [Working paper] / Federal Reserve Bank of Chicago ; WP 2018, 01 (January 2018)
    Subjects: Zins; Kapitaleinkommen; Risikoprämie; USA; EU-Staaten; Japan
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  14. Capital markets and grain prices
    assessing the storage approach
    Published: March 2018
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1 (24388)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 24388
    Subjects: Getreidepreis; Finanzmarkt; Zins; Zeitreihenanalyse; USA
    Scope: 28 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  15. The fiscal theory of the price level in a world of low interest rates
    Published: [2018]
    Publisher:  Hong Kong Institute for Monetary Research, Hong Kong

    Access:
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: HKIMR working paper ; 2018, no. 2 (January 2018)
    Subjects: Finanzpolitik; Inflationsrate; Preisniveau; Öffentliche Schulden; Zins; Risikoprämie; Theorie; the fiscal theory of price level risks; dynamic inefficiency; and liquidity
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  16. Der Letzte macht das Licht aus
    ein Essay über die Auslöschung der menschlichen Spezies
    Author: Jorion, Paul
    Published: 2018
    Publisher:  Zweitausendeins, Leipzig

  17. The natural rate of interest
    estimates, drivers, and challenges to monetary policy
    Contributor: Brand, Claus (HerausgeberIn); Bielecki, Marcin (HerausgeberIn); Penalver, Adrian (HerausgeberIn)
    Published: [2018]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Using a wide range of models we document a protracted fall in the natural (or neutral) rate of interest in advanced economies, driven by ageing, waning productivity growth, a rise in mark-ups, and a surge in risk aversion in the wake of the global... more

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Unlimited inter-library loan, copies and loan

     

    Using a wide range of models we document a protracted fall in the natural (or neutral) rate of interest in advanced economies, driven by ageing, waning productivity growth, a rise in mark-ups, and a surge in risk aversion in the wake of the global financial crisis. While our neutral rate estimates are highly uncertain and model dependent, most of them have been negative in the wake of the financial crisis. This observation is highly relevant for assessing the monetary policy stance and the risk of monetary policy becoming constrained by the lower bound on nominal interest rates. We highlight model dependence of natural rate estimates by illustrating large differences in their stabilising properties, depending on the context chosen. We also emphasise high statistical uncertainty of natural rate estimates within models. Looking ahead, a return to higher levels would have to come from a reversal in risk aversion and flight to safety and a boost in productivity. To achieve this, structural reforms are crucial.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Contributor: Brand, Claus (HerausgeberIn); Bielecki, Marcin (HerausgeberIn); Penalver, Adrian (HerausgeberIn)
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289933766
    Other identifier:
    hdl: 10419/192965
    Corporations / Congresses:
    Europäische Zentralbank, Task Force on Systemic Liquidity (VerfasserIn)
    Series: Occasional paper series / European Central Bank ; no 217 (December 2018)
    Subjects: Zins; Kapitaleinkommen; Alternde Bevölkerung; Produktivitätsentwicklung; Geldpolitik; Eurozone; EU-Staaten; USA; Natural rate of interest; return on capital; demographics; productivity growth; monetary policy
    Scope: 1 Online-Ressource (69 Seiten), Illustrationen
  18. Monetary policy with negative interest rates
    decoupling cash from electronic money
    Published: 2018
    Publisher:  International Monetary Fund, [Washington, D.C.]

    Monetary policy space remains constrained by the lower bound in many countries, limiting the policy options available to address future deflationary shocks. The existence of cash prevents central banks from cutting interest rates much below zero. In... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Unlimited inter-library loan, copies and loan

     

    Monetary policy space remains constrained by the lower bound in many countries, limiting the policy options available to address future deflationary shocks. The existence of cash prevents central banks from cutting interest rates much below zero. In this paper, we consider the practical feasibility of recent proposals for decoupling cash from electronic money to achieve a negative yield on cash which would remove the lower bound constraint on monetary policy. We discuss how central banks could design and operate such a system, and raise some unanswered questions

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
  19. Gross capital flows, common factors, and the global financial cycle
    Published: February 2018
    Publisher:  World Bank Group, Development Research Group, Macroeconomics and Growth Team, Washington, D.C.

    This paper assesses the international comovement of gross capital inflows and outflows using a two-level factor model. Among advanced and emerging countries, capital flows exhibit strong commonality: common (global and country group-specific) factors... more

    Access:
    Verlag (Deutschlandweit zugänglich)
    Max-Planck-Institut für Bildungsforschung, Bibliothek und wissenschaftliche Information
    Unlimited inter-library loan, copies and loan
    Universität Potsdam, Universitätsbibliothek
    Unlimited inter-library loan, copies and loan

     

    This paper assesses the international comovement of gross capital inflows and outflows using a two-level factor model. Among advanced and emerging countries, capital flows exhibit strong commonality: common (global and country group-specific) factors account, on average, for close to half of their variance. There is a contrast across groups: common factors dominate advanced-country capital flows, while idiosyncratic factors dominate emerging- country flows and, especially, developing-country flows. The reason is the much larger role of global factors among advanced countries. Importantly, these findings apply to both inflows and outflows: their respective common factors are very similar-although global factors play a bigger role for outflows than for inflows. The commonality of flows reflects a global cycle, summarized by a small set of variables (the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain much of the variance of the estimated factors-especially the global factors. Over time, the quantitative role of the common factors exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase of "deglobalization" post-crisis. Greater financial openness, deeper financial systems, and more rigid exchange rate regimes amplify countries' exposure to the global financial cycle

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (Deutschlandweit zugänglich)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Policy research working paper ; 8354
    World Bank E-Library Archive
    Subjects: Kapitalmobilität; Rohstoffpreis; Wechselkurs; Zins; Globalisierung; Welt
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  20. The implications of ultra-low and negative interest rates for Asia
    Contributor: Yoshino, Naoyuki (HerausgeberIn); Pornpinun Chantapacdepong (HerausgeberIn); Angrick, Stefan (HerausgeberIn)
    Published: [2018]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    B 420491
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Contributor: Yoshino, Naoyuki (HerausgeberIn); Pornpinun Chantapacdepong (HerausgeberIn); Angrick, Stefan (HerausgeberIn)
    Language: English
    Media type: Conference proceedings
    Format: Print
    ISBN: 9784899740957
    Corporations / Congresses: Asian Development Bank Institute (2016, Tokio)
    Subjects: Zins; Zinspolitik; Finanzmarkt; Geldpolitik; Wirkungsanalyse; Industrieländer; Asien
    Scope: viii, 135 Seiten, Illustrationen
    Notes:

    "The contributions in this volume were originally presented at the Asian Development Bank Institute's (ADBI) Annual Conference 2016" - Seite 1

  21. International evidence on professional interest rate forecasts
    the impact of forecasting ability
    Published: May 22, 2018
    Publisher:  Swiss National Bank, Zürich

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: SNB working papers ; 2018, 10
    Subjects: Zins; Anleihe; Prognose; Wirtschaftsprognose; Simulation
    Scope: 1 Online-Ressource (circa 38 Seiten)
  22. Exploiting the unbanked
    evidence from Singapore's unlicensed moneylending market
    Published: August 2018
    Publisher:  IZA - Institute of Labor Economics, Bonn

    Using a unique dataset covering the borrowing behaviour of over a thousand borrowers, we study the unlicensed moneylending market in Singapore. In this market, borrowers search for lenders, and lenders decide how much profit to extract from... more

    Fachinformationsverbund Internationale Beziehungen und Länderkunde
    No inter-library loan
    German Institute for Global and Area Studies, Bibliothek
    Unlimited inter-library loan, copies and loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (11786)
    No inter-library loan

     

    Using a unique dataset covering the borrowing behaviour of over a thousand borrowers, we study the unlicensed moneylending market in Singapore. In this market, borrowers search for lenders, and lenders decide how much profit to extract from borrowers. Lenders harass borrowers into compliance. We observe that different lenders apply different markups on different borrowers. Higher markups discourage borrowers from repeatedly borrowing from a particular lender. Increased enforcement specifically targeted at reducing the number of lenders in this market will increase markups, but will not deter borrowers from becoming recurrent borrowers because they have fewer lenders to choose from.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/185246
    Series: Discussion paper series / IZA ; no. 11786
    Subjects: Kapitalmarkt; Geldmarkt; Schattenwirtschaft; Aktivität; Gesetzwidrigkeit; Kreditgeber; Kreditnehmer; Wirtschaftliches Verhalten; Wirtschaftskriminalität; Wucher; Zins; Gesetz; Beachtung; Missachtung; Kontrolle; Überwachung; Verbrechensbekämpfung; Fight against crime
    Scope: 1 Online-Ressource (98 Seiten), Diagramme
    Notes:

    Tabellen

    Anhang Seite 37-89

    Literaturangaben Seite 90-98

    Literaturhinweise

  23. Monetary policy with negative interest rates
    decoupling cash from electronic money
    Published: 2018
    Publisher:  International Monetary Fund, [Washington, D.C.]

    Monetary policy space remains constrained by the lower bound in many countries, limiting the policy options available to address future deflationary shocks. The existence of cash prevents central banks from cutting interest rates much below zero. In... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Orient-Institut Beirut
    Online
    No inter-library loan
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    No inter-library loan
    Universitätsbibliothek Braunschweig
    No inter-library loan
    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    Universitätsbibliothek Erfurt / Forschungsbibliothek Gotha, Universitätsbibliothek Erfurt
    No inter-library loan
    Bibliothek der Pädagogischen Hochschule Freiburg/Breisgau
    No inter-library loan
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Technische Universität Hamburg, Universitätsbibliothek
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    Duale Hochschule Baden-Württemberg Heidenheim, Bibliothek
    e-Book Nationallizenz
    No inter-library loan
    Thüringer Universitäts- und Landesbibliothek
    No inter-library loan
    Fachhochschule Kiel, Zentralbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 301 (2018,191)
    No inter-library loan
    Universitätsbibliothek Leipzig
    No inter-library loan
    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
    No inter-library loan
    Duale Hochschule Baden-Württemberg Mosbach, Bibliothek
    E-Book Nationallizenz IMF
    No inter-library loan
    Hochschule Offenburg, University of Applied Sciences, Bibliothek Campus Offenburg
    E-Book International Monetary Fund
    No inter-library loan
    Hochschulbibliothek Pforzheim, Bereichsbibliothek Technik und Wirtschaft
    e-Book International Monetary Fund eLibrary
    No loan of volumes, only paper copies will be sent
    Hochschule Albstadt-Sigmaringen, Bibliothek Sigmaringen
    No loan of volumes, only paper copies will be sent
    Duale Hochschule Baden-Württemberg Villingen-Schwenningen, Bibliothek
    E_Book IMF
    No inter-library loan

     

    Monetary policy space remains constrained by the lower bound in many countries, limiting the policy options available to address future deflationary shocks. The existence of cash prevents central banks from cutting interest rates much below zero. In this paper, we consider the practical feasibility of recent proposals for decoupling cash from electronic money to achieve a negative yield on cash which would remove the lower bound constraint on monetary policy. We discuss how central banks could design and operate such a system, and raise some unanswered questions

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
  24. Zuverlässigkeit von Zinsprognosen in der Region Asien-Pazifik
    Chancen für das Portfoliomanagement
    Published: 2018
    Publisher:  Sofia, Sonderforschungsgruppe Institutionenanalyse, Darmstadt

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    C 281474
    Unlimited inter-library loan, copies and loan
    Ostfalia Hochschule für angewandte Wissenschaften, Bibliothek
    WE C 039 (2018,2)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Print
    ISBN: 394162766X; 9783941627666
    Other identifier:
    9783941627666
    Series: Sofia-Diskussionsbeiträge zur Institutionenanalyse ; Nr. 18, 2
    Subjects: Zins; Prognoseverfahren; Statistische Bestandsanalyse; Validierung; Portfolio-Management; Asiatisch-pazifischer Raum
    Scope: 47, XIV Seiten, 29 cm, 180 g
  25. Forward guidance
    Published: 10 April 2018
    Publisher:  Centre for Economic Policy Research, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 32 (12858)
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; DP 12858
    Subjects: Prognose; Ankündigungseffekt; Geldpolitik; Zins
    Scope: 39 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe