Schuder, Dr. Stefan

Central banks have an important position in national economies because they influence fundamental economic parameters such as price levels, interest rates and exchange rates with monetary policy decisions. Due to the outstanding position of the central banks and the developments in the course of the financial crisis since 2007, the question arises to what extent monetary policy interventions can create stability and reduce the extent of crises. The present work offers an answer based on a macroeconomic portfolio model, in...