DIW-Präsident Marcel Fratzscher kommentiert die heutigen Beschlüsse des EZB-Rats:
DIW president Marcel Fratzscher comments today's announcements by the ECB as follows:
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural
This paper examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some ...
Wichtiges Signal, dass die Fed dem Druck von US-Präsident Trump standhält Die US-Notenbank hat, wie erwartet, die Zinsen zum dritten Mal in diesem Jahr erhöht. Das wichtigste Signal ist, dass die Fed dem Druck von US-Präsident
The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors’ loss of confidence, the cost of external financing is likely to rise while consumption and investment
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