Greece and the Troika – Lessons from International Best Practice Cases of Successful Price (and Wage) Adjustment

Autor: Prof. Dr. Ansgar Belke

This paper reviews cases of successful price and wage adjustment, which are often regarded as constituting...

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Central Bank Communication: Managing Expectations through the Monetary Dialogue

Autor: Prof. Dr. Ansgar Belke

Successfully managing a course back to normality ("exit") will depend crucially on the central...

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The Relevance of International Spillovers and Asymmetric Effects in the Taylor Rule

Autor: Prof. Dr. Ansgar Belke

Deviations of policy interest rates from the levels implied by the Taylor rule have been persistent before...

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(When) Should a Non-euro Country Join the Banking Union?

Autor: Prof. Dr. Ansgar Belke

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to...

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Domestic Demand, Capacity Constraints and Export Dynamics: Empirical Evidence for Vulnerable Euro Area Countries

Autor: Prof. Dr. Ansgar Belke

In this paper we consider five euro area countries with current account and especially trade deficits during...

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Regional Bank Efficiency and its Effect on Regional Growth in Normal and Bad Times

Autor: Prof. Dr. Ansgar Belke

The financial crisis affected regions in Europe in a different magnitude. This is why we examine whether...

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