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Has the euro affected the choice of invoicing currency?

Ligthart, Jenny E.; Werner, Sebastian E. V. - 2010

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …

Persistent link: https://www.econbiz.de/10010275698

The Euro changeover and price adjustments in Italy

Caporale, Guglielmo Maria; Girardi, Alessandro; … - 2011

By estimating a staggered price model over the period 1980q1-2010q2, this paper documents that, after the euro …

Persistent link: https://www.econbiz.de/10010274996

Taxation, corruption and the exchange rate regime

Hefeker, Carsten - 2009

The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union,...

Persistent link: https://www.econbiz.de/10010264571

The price puzzle revisited: can the cost channel explain a rise in inflation after a monetary policy shock?

Henzel, Steffen; Hülsewig, Oliver; Mayer, Eric; … - 2007

it for the euro area by adopting a minimum distance approach. Our findings suggest that - under certain parameter …

Persistent link: https://www.econbiz.de/10010264162

Real convergence, price level convergence and inflation differentials in Europe

Égert, Balázs - 2007

factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation … important drivers of inflation rates in an enlarged Europe. House prices matter to some extent in the euro area, whereas the …

Persistent link: https://www.econbiz.de/10010264234

Corruption, seigniorage and growth: theory and evidence

Blackburn, Keith; Neanidis, Kyriakos C.; Haque, M. Emranul - 2008

of the government's budget constraint, we find strong evidence to support these predictions under different estimation …

Persistent link: https://www.econbiz.de/10010264401

Long-run determinants of sovereign yields

Afonso, António; Rault, Christophe - 2010

We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary and external imbalances and inflation as relevant...

Persistent link: https://www.econbiz.de/10010270876

Price dispersion in the Euro Area : the case of a symmetric oil price shock

Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009

This paper studies the causes of price dispersion in the euro area emerging in response to a shock that hits all member …

Persistent link: https://www.econbiz.de/10010271958

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

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/10010274039

The role of political institutions for the effectiveness of central bank independence

Hielscher, Kai; Markwardt, Gunther - 2011

This paper empirically studies the impact of the quality of political institutions on the link between central bank independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible nonlinearities, we employ interaction models to...

Persistent link: https://www.econbiz.de/10010274749