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Design of fiscal frameworks and compliance with fiscal rules in CESEE (PDF, 344 kB)

… influence the optimal conduct of monetary policy (see Niemann and Von Hagen, 2008, or Combes et al., 2014, for a survey of the literature). Examples of such externalities could be the need for high …

Financing Conditions Have Tightened for the Real Economy Sectors (PDF, 199 kB)

… Haushaltsverschuldung und Geldvermögen privater Haushalte auf Basis von Mikro- daten. In: Intervention, European Journal of Economics and Economic Policies, 5(1), 31–45. Forthcoming.). As households with …

Monetary Policy and the Economy Q4/19 (PDF, 1,9 MB)

… Debatte über eine neue, von Zentralbanken ausgegebene Form von Digitalgeld nicht bloß auf technische Fragen. Allgemein verfügbares digitales Zentralbankgeld hat …

Jon Danielsson – Central banks as risk managers: long-term side-effects, risks and limitations (PDF, 3,6 MB)

… banks as risk managers © 2023 Jon Danielsson Friedrich August von Hayek (1945) “Use of knowledge in society”, American Economic Review Writing about central planning but could just as easily have …

Credit Boom in Russia despite Global Woes – Driving Forces and Risks (PDF, 1,5 MB)

Working Paper 76 (PDF, 828 kB)

… be the most problematic fiscal case by 2002.4 Eichengreen and von Hagen (1996) point out an additional danger arising from fiscal constraints within a monetary union composed of several sovereign …