The 9-10 November 2012 conference in Modena was the first in a series of events aimed at sharing different ideas and perspectives on a key policy issue – what can stimulate sustained growth in economies that cannot simply add more capital or import technologies developed abroad? This is an important question not only in the short run, but also over the longer term and population ageing begins to affect these mature economies.
Banking is often modelled as a black box, especially in emerging markets where details of bank operations are less widely appreciated. This VoxEU eBook brings together a collection of papers to help open up the black box.
This Vox eBook brings together a collection of contributions from central bank officials, researchers at universities and central banks, and financial market practitioners to discuss what economic theory says about forward guidance and to clarify what central banks hope to achieve with it.
Central banks have broken new ground in the aftermath of the Great Financial Crisis. They have brought interest rates down very close to the zero lower bound and have committed to keeping them there for an extended period of time. They have multiplied the sizes of their balance sheets several times over. Hopefully, the exceptional circumstances that led to these extraordinary measures will dissipate. Undoing extraordinary actions is bound to be out of the ordinary, and therefore fraught with difficulties, if not dangers. The exit strategy, as the pending operation is called, needs to be thought through with great care.
This VoxEU eBook, containing 19 essays from leading Asian and international trade experts, dissects important changes taking place in the world trading system and explores policy implications for Asia.
Other Recent ePubs:
- Is inflation targeting dead? Central Banking After the Crisis
- Race for the WTO Director-General job: Seven candidates speak
- Reducing Transatlantic Barriers to Trade and Investment: An Economic Assessment
- Global Financial Integration, Twin Crises, and the Enduring Search for Financial Stability
- Twenty Years On - The UK and the Future of the Single Market
- Banking Union for Europe - Risks and Challenges
- After the Fall: The Future of Global Cooperation
- Austerity: Too Much of a Good Thing?
- The UK in a Global World
- Débâcle: The 11th GTA report
- Rethinking Global Governance in Light of the Crisis: New Perspectives on Economic Policy Foundations
- The Crisis Aftermath: New Regulatory Paradigms
- Trade, Competition, and the Pricing of Commodities
- Trade Tensions Mount: The 10th GTA Report
- Unfinished Business? The WTO's Doha Agenda
- The Future of Banking
- Reforming the International Monetary System
- Public Debts: Nuts, Bolts and Worries
- Resolve Falters As Global Prospects Worsen: The 9th GTA Report
- Seeking asylum: Trends and policies in the OECD
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Adelman, 28 October 2013
Reichlin, Giugliano, 7 November 2013
Holmes, McGrattan, Prescott
Beck, De Haas, Ongena