To cushion the economic effects of the coronavirus pandemic, central banks have taken far-reaching monetary policy measures. The US Federal Reserve has lowered its interest rates and, like the European Central Bank, has expanded its bond purchase programs. However, it is questionable whether these measures are having the desired effect of calming the markets and supporting the real economy. It is true ...
The coronavirus pandemic, which began in December 2019 and is currently spreading rapidly around the world, is having a noticeable impact on the economy and thus also on the real estate market. Since the measures to curb the spread are causing economic activities to decline massively, small and medium-sized companies in the service, hospitality, and transport sectors in particular, but the self-employed ...
Large-scale fiscal consolidations and the implementation of structural reforms should help southern European countries resolve the crisis. But recent studies indicate that in conjunction with the low interest rate in the euro area, the austerity measures that has been imposed could have the opposite effect, leading to an increase in sovereign debt and economic slowdown. For this reason, a more balanced ...
Der Beitrag untersucht die Rolle der Sozialpartnerschaft zur Reduzierung von Treibhausgasemissionen in Mitgliedsstaaten der Europäischen Union. Einerseits können die Sozialpartner dazu beitragen den Übergang zu niedrigeren Emissionen zu erleichtern, indem sie mit den betroffenen Arbeitnehmern über die Kosten und den Nutzen von Maßnahmen zur Verringerung des Klimawandels verhandeln. Andererseits ist ...
Die Zentralbanken versuchen gegenwärtig mit dem Instrument der Zinsschraube beides zu erreichen: Inflationsabschwächung und Finanzmarktstabilisierung. Sie geben auch vor, separate Instrumente für beide Probleme zu haben. Aber ist das wirklich so? Unbestreitbar ist, dass die fiskalischen und geldpolitischen Rettungsmaßnahmen in der Corona-Krise enorme Liquidität bei Firmen, Haushalten und Finanzinstituten ...
