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Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries

Xu, Can; Jacobs, Jan; de Haan, Jakob - 2021

We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and 36 developed countries over the 1980-2017 period. Our findings suggest that the impact of household borrowing on the trade balance is by and large negative, both in the short and...

Persistent link: https://www.econbiz.de/10013224078

The Impact of Product and Labour Market Reform on Growth : Evidence for OECD Countries Based on Local Projections

de Haan, Jakob - 2020

This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...

Persistent link: https://www.econbiz.de/10012829322

The Importance of Being Vigilant : Has ECB Communication Influenced Euro Area Inflation Expectations?

Jansen, David-Jan; de Haan, Jakob - 2021

changes in euro area break-even inflation. However, this result is only found for the second half of 2005. At that time, the …

Persistent link: https://www.econbiz.de/10013316794

Interest Rate Linkages in EMU Countries : A Rolling Threshold Vector Error-Correction Approach

Poghosyan, Tigran; de Haan, Jakob - 2021

This paper revisits financial market integration in the European Economic and Monetary Union, using a threshold vector error-correction model (TVECM) for a fixed rolling window. This approach enables us to analyze the dynamics of transaction costs and detect any co-movements with (policy...

Persistent link: https://www.econbiz.de/10013316906

Does High Inflation Cause Central Bankers to Lose Their Job? Evidence Based on a New Data Set

Dreher, Axel; Sturm, Jan-Egbert; de Haan, Jakob - 2021

This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and...

Persistent link: https://www.econbiz.de/10013316991

Statements of ECB Officials and their Effect on the Level and Volatility of the Euro-Dollar Exchange Rate

Jansen, David-Jan; de Haan, Jakob - 2003

This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up' the euro have not …

Persistent link: https://www.econbiz.de/10010315669

Political regime change, economic reform and growth accelerations

Jong-A-Pin, Richard; de Haan, Jakob - 2007

Using an improved definition and indicator of growth accelerations, we examine whether political regimes, regime changes, and economic reform are related to growth accelerations. Our results show that economic growth accelerations are preceded by economic reforms. Furthermore, we find that...

Persistent link: https://www.econbiz.de/10010274037

Does high inflation cause central bankers to lose their job?: evidence based on a new data set

Dreher, Axel; Sturm, Jan-Egbert; de Haan, Jakob - 2007

Persistent link: https://www.econbiz.de/10010274039

Interest rate linkages in EMU countries: a rolling threshold vector error-correction approach

Poghosyan, Tigran; de Haan, Jakob; Holmås, Tor Helge - 2007

Persistent link: https://www.econbiz.de/10010274040

The importance of being vigilant: has ECB communication influenced Euro area inflation expectations?

Jansen, David-Jan; de Haan, Jakob - 2007

in euro area break-even inflation. However, this result is only found for the second half of 2005. At that time, the …

Persistent link: https://www.econbiz.de/10010274042