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Tipping the Scale? The Workings of Monetary Policy through Trade
Monetary policy entails demand augmenting and demand diverting effects, with its impact on the trade balance—and spillovers to other countries—depending on the relative magnitude of these opposing effects. Using US data, and a sign-restricted structural VAR identification strategy, we investigate how monetary policy shocks affects the trade balance, shedding light on the importance of the two effects. Overall, the results indicate that monetary policy has a meaningful impact on the trade balance. A monetary loosening (tightening) leads to a strengthening (weakening) of the overall trade balance, indicating that, on average, demand diversion dominates. This effect of monetary policy on tr...
Big Players Out of Synch
Given the prospects of asynchronous monetary conditions in the United States and the euro area, this paper analyzes spillovers among these two economies, as well as the implications of asynchronicity for spillovers to other advanced economies and emerging markets. Through a structural vector autoregression analysis, country-specific shocks to economic activity and monetary conditions since the early 1990s are identified, and are used to draw implications about spillovers. The empirical findings suggest that real and monetary conditions in the United States and the euro area have oftentimes been asynchronous. The results also point to significant spillovers among them, in particular since early 2014—with spillovers from the euro area to the United States being particularly large. Against the backdrop of asynchronous conditions in these two economies, spillovers from real and money shocks to emerging markets and non-systemic advanced economies could be dampened.
Aquinas as Authority
There is no doubt that Thomas Aquinas, together with Augustine, is among the most influential authorities in the history of Western Christian theology. Through the centuries, theologians and philosophers have interpreted Aquinas and (re-)constructed his thought in various ways. As a result of this, a very rich variety of theological and philosophical positions have appeared that claim to be inspired by the thought of Thomas Aquinas. Positions like these are often labelled as a form of 'Thomism'. Although this can be helpful in bringing some order into the history of thought, there is also a deceptive side to it. Any classification runs the risk of obscuring the multiplicity of interests that...
Das Geistbuch
The edition of the "Geistbuch", a Middle High German treatise on the Christian path to perfection from the first half of the 14th century, which also circulated in the Netherlands, gives insights into vernacular theological discussions from the time of the trial against Meister Eckhart. Die Edition des "Geistbuchs", eines mittelhochdeutschen Traktats über den christlichen Weg zur Vollkommenheit aus der ersten Hälfte des 14. Jahrhunderts, der auch in den Niederlanden zirkulierte, bietet Einblick in die volkssprachlichen theologischen Diskussionen aus der Zeit des Prozesses gegen Meister Eckhart.
Resurrection in the New Testament
Resurrection in the New Testament is a Festschrift offered to J. Lambrecht on the occasion of his seventy-fifth birthday. Among the many scholarly interests of Professor Lambrecht the theme of the resurrection seemed best suited to honour his academic achievement. The 27 contributions cover many of the books of the New Testament. The first two articles in this volume discuss influences on the New Testament treatment of resurrection from the Greco-Roman (Dieter Zeller) and Jewish (Daniel J. Harrington) backgrounds. H.J. de Jonge considers visionary experiences of the Old Testament as an interpretive clue for understanding New Testament references to appearances. The articles by Martin Rese, B...
History of Christian Philosophy in the Middle Ages
"A comprehensive analysis of philosophical thought from the second century to the fifteenth century, from the Greek apologists through Nicholas of Cusa. This work is Gilson's magnum opus." - Journal of the History of Ideas
Studia Aethiopica
For over a quarter of a century Siegbert Uhlig has been involved in Ethiopian Studies. As wide as the scope of his interests and contributions to Ethiopian Studies has been, so versatile is the thematic range of the 36 articles in this anthology. The essays in fields such as philology, history, linguistics, anthropology and arts were written by the ethiopisants from Ethiopia, Germany, Israel, Italy, the Netherlands, Poland, Russia, Sweden, Thailand, the United Kingdom and the USA. The Festschrift also includes an account of Ethiopian Studies in Hamburg, and a selected bibliography of Siegbert Uhlig's publications. An index to the contributions of the collection will be made available on the internet.List of contributors: L. Gerhardt, J. Abbink, H. Amborn, D. Appleyard, B. Zewde, B. Tafla, E. Balicka-Witakowska, A. Bausi, B. Yimam, V. Boll, S. Chernetsov, G. Fiaccadori, G. Haile, G. Gelaye, M. Heldman, O. Kapeliuk, S. Kaplan, M. Kleiner, J. Launhardt, G. Lusini, P. Marrassini, A. Martinez, S. Munro-Hay, D. Nosnitsin, R. Pankhurst, H. Rubinkowska, H. Scholler, S. Bekele, W. Smidt, E. Sokolinskaia, E.J. van Donzel, R. Voigt, E. Wagner, S. Weninger, W. Witakowski, R. Zuurmond, T. Ra
Johannes Reuchlin and the Campaign to Destroy Jewish Books
The early sixteenth century saw a major crisis in Christian-Jewish relations: the attempt to confiscate and destroy every Jewish book in Germany. This unprecedented effort to end the practice of Judaism throughout the empire was challenged by Jewish communities, and, unexpectedly, by Johannes Reuchlin (1455-1522), the founder of Christian Hebrew studies. In 1510, Reuchlin wrote an extensive, impassioned, and ultimately successful defense of Jewish writings and legal rights, a stunning intervention later acknowledged by a Jewish leader as a ''miracle within a miracle.''The fury that greeted Reuchlin's defense of Judaism resulted in a protracted heresy trial that polarized Europe. The decade-l...
