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, 2023 This chapter addresses the enforcement of EU economic policies as part of the Economic and Monetary Union (EMU). The enforcement structure diverges from other areas of EU law in two distinct ways. First, economic policies do not create rights and obligations for citizens and business, thereby excluding private enforcement. Enforcement thus fully relies
van den Brink, Ton, Collazzo, Luca
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The Monetary Economy and the Economic Crisis [PDF]
SSRN Electronic Journal, 2011 The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the "invisible hand", was a major contribution to an ongoing tradition in monetary theory ...
David Laidler, David Laidler
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, 2020 Since the outbreak of the great financial crisis (GFC) in 2008 and later also in response to the consequences of the sovereign debt crisis, central banks around the globe have not only reacted by rapidly cutting the key policy rates to zero or even negative levels, but have also adopted a series of unconventional monetary policy measures.
Schupp, Fabian +1 more
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Financial Intermediaries and Monetary Economics [PDF]
SSRN Electronic Journal, 2010 Abstract We reconsider the role of financial intermediaries in monetary economics, and explore the hypothesis that the financial intermediary sector is the engine that drives the financial cycle through fluctuations in the price of risk. In this framework, balance sheet quantities emerge as a key indicator of risk appetite and, hence, for the “risk ...
Tobias Adrian, Hyun Song Shin
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Monetary plurality in economic theory [PDF]
, 2018 The objective of this article is to identify the monetary plurality in economic theory. We will try to throw light on the way in which theories are attracted towards both unicity and plurality, and more specifically by unification and diversification of money.
Blanc, Jérôme +5 more
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Monetary union and economic growth [PDF]
SSRN Electronic Journal, 2000 In this speech, John Vickers, Executive Director and Chief Economist at the Bank, discusses possible links between monetary arrangements - in particular monetary union - and economic growth. He stresses that growth depends ultimately on how the real economy works: there is no monetary magic that can conjure up growth. But monetary policy can contribute
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Some Issues in Monetary Economics [PDF]
Review, 1970 PSL Quarterly Review, V. 22, N. 90 (1969)
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Friedman's Monetary Economics in Practice [PDF]
SSRN Electronic Journal, 2011 This paper views the policy response to the recent financial crisis from the perspective of Milton Friedman's monetary economics. Five major aspects of the policy response are: 1) discount window lending has been provided broadly to the financial system, at rates low relative to the market rates prevailing pre-crisis 2) the Federal Reserve&
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Monetary economics from econophysics perspective
, 2016 This is an invited article for the Discussion and Debate special issue of The European Physical Journal Special Topics on the subject "Can Economics Be a Physical Science?" The first part of the paper traces the personal path of the author from ...
Yakovenko, Victor M.
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