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Displaying results 1 to 5 of 5.

  1. Policy packages and policy space
    lessons from Covid-19
    Published: 25 November 2022
    Publisher:  Centre for Economic Policy Research, London

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    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17699
    Subjects: Coronavirus; Wirtschaftskrise; Antizyklische Finanzpolitik; Stabilisierungspolitik; Geldpolitik; Finanzmarktaufsicht; Kapitalverkehrskontrolle; Wirkungsanalyse; Vergleich; Welt; COVID-19; pandemic; policy space; fiscal; monetary; macroprudential; capital controls
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  2. Real effects of stabilizing private money creation
    Published: 30 March 2022
    Publisher:  Centre for Economic Policy Research, London

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    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    No inter-library loan
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17164
    Subjects: monetary; Banking; stablecoin
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  3. The fiscal-monetary nexus in Germany
    Author: Ehnts, Dirk
    Published: April 2020
    Publisher:  Berlin School of Economics and Law, Institute for International Political Economy Berlin, Berlin

    In this paper, the focus lies on the way the German government spends, how it spends and what the connection between finance ministry and central bank is. The institutions involved in the process are identified and discussed. As a member of the... more

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 369
    No inter-library loan

     

    In this paper, the focus lies on the way the German government spends, how it spends and what the connection between finance ministry and central bank is. The institutions involved in the process are identified and discussed. As a member of the Eurozone, Germany's national central bank is not allowed to buy sovereign securities on its own account. The German government uses taxes and revenues from sovereign security issues to finance its spending, continuing the institutional framework that existed during the era of the deutsch mark. This description confirms the idea that 'the state spends first' also in the Eurozone and that it makes sense to consolidate central bank and government(s) even when a government is not issuing a sovereign currency.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/215899
    Series: Working paper / Institute for International Political Economy Berlin ; no. 138 (2020)
    Subjects: government spending; fiscal; monetary; Treasury; sovereign default; Eurozone
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  4. The Stacked Leading Indicators Dynamic Factor Model
    A Sensitivity Analysis of Forecast Accuracy Using Bootstrapping
  5. The aggregate and country-specific effectiveness of ECB policy
    evidence from an external instruments (VAR) approach : fellowship initiative “Challenges to Integrated Markets”
    Published: 2017
    Publisher:  Publications Office of the European Union, Luxembourg

    This paper studies the transmission of ECB monetary policy, both at the aggregate euro area and the country level. We estimate a VAR model for the euro area in which monetary policy shocks are identified using an external instrument that reflects... more

    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 289 (63)
    No inter-library loan

     

    This paper studies the transmission of ECB monetary policy, both at the aggregate euro area and the country level. We estimate a VAR model for the euro area in which monetary policy shocks are identified using an external instrument that reflects policy surprises. For that purpose we use the change in German bunds at meeting days of the Governing Council. The identified monetary policy shock is then put into country-specific local projections in order to derive country-specific impulse responses. We find that (i) the transmission is very heterogeneous, both across channels and across countries, (ii) policy is transmitted through spreads, yields and the exchange rate, but less through banks and the stock market, and (iii) the strength of the transmission depends on structural characteristics of member countries, among them are current account balanced, debt to GDP levels, and the strength of banking systems.

     

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    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789279649172
    Other identifier:
    Series: Array ; 063 (July 2017)
    Subjects: Geldpolitik; Geldpolitische Transmission; Schock; Kreditmarkt; Finanzmarkt; VAR-Modell; EU-Staaten; VAR; external instrument; local projections; monetary; Euro area; financial market; economic model; European Central Bank; economic fluctuation; economic analysis; monetary policy
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen