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Economic Policy 74

Economic Policy 74

Georges De Menil (Editor), Richard Portes (Editor), Hans-Werner Sinn (Editor), Nicola Fuchs-Schündeln (Editor), Refet Gürkaynak (Editor), Tullio Jappelli (Editor), Philip Lane (Editor)

ISBN: 978-1-444-35101-9

Jul 2013, Wiley-Blackwell

288 pages

Select type: Paperback


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Top economists provide a concise and accessible evaluation of major developments in trade and trade policy.

  • Economic Policy has earned a reputation around the world as the one publication that always identifies current and emerging policy topics early
  • Papers are specially commissioned from first-class economists and experts in the policy field
  • The editors are all based at top European economic institutions and each paper is discussed by a panel of distinguished economists
  • This unique approach guarantees incisive debate and alternative interpretations of the evidence

Editor’s Introduction 189

Trends in European real exchange rates 193
Martin Berka and Michael B. Devereux
Discussant: Gianluca Benigno
Panel discussion

A Monetary policy strategy in good and bad times: lessons from the recent past 243
Stephan Fahr, Roberto Motto, Massimo Rostagno, Frank Smets and Oreste Tristani
Discussants: Romain Rancière and Tommaso Monacelli
Panel discussion

Bank ratings: what determines their quality? 289
Harald Hau, Sam Langfield and David Marques-Ibanez
Discussants: Isabel Schnabel and Thorsten Beck
Panel discussion

Why banks are not too big to fail – evidence from the CDS Market 335
Andrea Barth and Isabel Schnabel
Discussants: Fabiano Schivardi and Vasso Ioannidou
Panel discussion and appendix