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29 posts on "Euro Area"
February 6, 2015

Highlights from the Global Research Forum on International Macroeconomics and Finance

International financial flows are a key feature of the global landscape and are relevant in many ways for central banks.

December 8, 2014

Global Asset Prices and the Taper Tantrum Revisited

Global asset market developments during the summer of 2013 have been attributed to changes in the outlook for U.S. monetary policy, starting with former Chairman Bernanke’s May 22 comments concerning future curtailing of the Federal Reserve’s asset purchase programs.

October 24, 2014

At the N.Y. Fed: Macroeconomic Policy Mix in the Transatlantic Economy

The reasons why the macroeconomic policy mix has been different on the two sides of the Atlantic in recent years remain a hotly debated issue.

Posted at 7:00 am in Euro Area, Fed Funds, Macroeconomics | Permalink
October 1, 2014

Cross-Country Evidence on Transmission of Liquidity Risk through Global Banks

Over the past thirty years, the typical large bank has become a global entity with subsidiaries in many countries.

September 3, 2014

Just Released: N.Y. Fed’s Emanuel Moench to Become Head of Research at the Deutsche Bundesbank

No one can accuse the Federal Reserve Bank of New York of not being a big supporter of central bank cooperation.

Posted at 9:00 am in Euro Area, Labor Economics | Permalink
July 14, 2014

High Unemployment and Disinflation in the Euro Area Periphery Countries

Thomas Klitgaard and Richard Peck

Economists often model inflation as dependent on inflation expectations and the level of economic slack, with changes in expectations or slack leading to changes in the inflation rate. The global slowdown and the subsequent sovereign debt crisis caused the greatest divergence in unemployment rates among euro area member countries since the monetary union was founded in 1999. The pronounced differences in economic performances of euro area countries since 2008 should have led to significant differences in price behavior. That turned out to be the case, with a strong correlation evident between disinflation and labor market deterioration in euro area countries

March 31, 2014

Measuring Global Bank Complexity

Paraphrasing a famous Supreme Court opinion: “I know bank complexity when I see it.”

March 5, 2014

Risk Aversion, Global Asset Prices, and Fed Tightening Signals

The global sell-off last May of emerging market equities and currencies of countries with high interest rates (“carry-trade” currencies) has been attributed to changes in the outlook for U.S. monetary policy, since the sell-off took place immediately following Chairman Bernanke’s May 22 comments concerning the future of the Fed’s asset purchase programs.

February 20, 2014

Just Released: The Inflation Outlook in the Euro Zone . . . Survey Says

The European Central Bank (ECB) released its 2014:Q1 Survey of Professional Forecasters (SPF) on February 13.

November 13, 2013

On the Design of Monetary and Macroprudential Policies

The financial crisis, recession, and slow recovery have emphasized the interactions between financial markets and the real economy.

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