comparemela.com

Latest Breaking News On - ஐரோப்பிய பண - Page 2 : comparemela.com

A digital Nixon shock?

A digital Nixon shock?
jordantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jordantimes.com Daily Mail and Mail on Sunday newspapers.

Fiscal rules in the European Monetary Union | VOX, CEPR Policy Portal

Fiscal rules were enshrined in the founding documents of the European Monetary Union. This column presents the latest CfM-CEPR survey, in which the panel of experts on the European economy were nearly unanimous in agreeing that the existing EU fiscal rules require revision. Most panel members would opt for some combination of fiscal councils; more flexible, countercyclical, or

Good inflation

Good inflation Jun 05,2021 - Last updated at Jun 05,2021 PRINCETON In response to recent concerns about resurgent inflation, US policymakers deny that there is any threat and insist that expectations are “well anchored”. Any recent price spikes, they argue, will prove temporary, arising from one-off shortages that will be resolved when life returns to normal after the pandemic. Nonetheless, market participants and investors are increasingly obsessed with the issue and pundits are rancorously divided, with some denouncing those with whom they disagree as “cockroaches”. Such rhetoric suggests a need to step back and think about what is meant by inflation and its opposite, deflation. Not all inflations or deflations are alike. Price declines (deflation) driven by technical improvements can be good, as in the case of electrical motors or chemical dyes in the late nineteenth century, or of computers (and many other electronic consumer goods) over the past 50 years. These are

Papers by Michael Ehrmann

Abstract Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission mechanism of monetary policy. Effects of monetary policy shocks on the business conditions of firms of several size classes are analysed, with the finding of considerable asymmetry. As predicted by theory, small firms are affected more strongly than large firms. To test whether these effects are reinforced when the economy is in a business cycle downturn, the paper employs a new estimation strategy: impulse response analysis conditional on Markov-switching regimes. The findings are supportive of the theoretical hypotheses: in a business cycle downturn, the distributional effects of monetary policy transmission are indeed reinforced.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.