Results 261 to 270 of about 6,170,741 (299)
Globalisation and the Competitiveness of the Euro Area [PDF]
SSRN Electronic Journal, 2008 Against the background of increasing competition and other significant structural changes implied by globalisation, maintaining and enhancing competitiveness has evolved into one of the prime concerns in most countries. Following up on previous work (see in particular ECB Occasional Papers No. 30 and No.
Filippo di Mauro, Katrin Forster
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Core inflation in the Euro area
Applied Economics Letters, 2001Using a common trends model, we estimate a forward-looking "core" inflation measure for the Euro area based on long-run relations among major macroeconomic variables, bearing the interpretation of long-run inflation forecast. The proposed measure may be particularly suitable for the "two-pillar" monetary policy strategy of the ECB which focuses on ...
Bagliano F. C., Golinelli R., Morana C.
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Oil and the Euro area economy [PDF]
Economic Policy, 2009 We examine the macroeconomic effects of different types of oil shocks and the oil transmission mechanism in the Euro area. A comparison is made with the US and across individual member countries. First, we find that the underlying source of the oil price shift is crucial to determine the repercussions on the economy and the appropriate monetary policy ...
G. PEERSMAN, I. VAN ROBAYS
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The demand for M3 in the euro area [PDF]
Journal of Applied Econometrics, 1999 AbstractIn this paper, an empirically stable money demand model for M3 in the euro area is constructed. Starting with a multivariate system, three cointegrating relationships with economic content are found: (i) the spread between the long‐term and the short‐term nominal interest rates, (ii) the long‐term real interest rate, and (iii) a long‐run demand
Gunter Coenen, Juan Luis Vega
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2007
The German elections of September 18, 2005, ended in deadlock.33 The two largest parties, the CDU and the SPD were unable to form a government. The solution is a grand coalition with little hope that there will be a mandate in Germany for meaningful reforms.
Carlos M. Peláez, Carlos A. Peláez
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The German elections of September 18, 2005, ended in deadlock.33 The two largest parties, the CDU and the SPD were unable to form a government. The solution is a grand coalition with little hope that there will be a mandate in Germany for meaningful reforms.
Carlos M. Peláez, Carlos A. Peláez
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2016
We argue that if currency union member states have different potential output per capita, output growth rates, or trade balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for trade balances are quite large, while output growth imbalances are more modest.
Mink, Mark, Jacobs, Jan, de Haan, Jakob
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We argue that if currency union member states have different potential output per capita, output growth rates, or trade balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for trade balances are quite large, while output growth imbalances are more modest.
Mink, Mark, Jacobs, Jan, de Haan, Jakob
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German Exports to the Euro Area [PDF]
Empirical Economics, 2006 This paper analyzes the determinants of German exports to the euro area, which is the biggest market for German products. Three conditional error-correction models based on regionally disaggregated data are developed. One specification includes EMU industrial production and a real external value based on consumer prices, the other two use different EMU
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Wealth Effects in the Euro Area
SSRN Electronic Journal, 2018How sizable is the wealth effect on consumption in euro area countries? To address this question, we use newly available harmonized euro area wealth data and the methodology in Carroll et al. (2011b). We find that the marginal propensity to consume out of total wealth averaged across the largest euro area economies is around 3 cents per euro, with a ...
Guerrieri, Cinzia, Mendicino, Caterina
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