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The political economy under monetary union: has the euro made a difference?

Fratzscher, Marcel; Stracca, Livio - 2008

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …

Persistent link: https://www.econbiz.de/10003794175

A speed limit monetary policy rule for the euro area

Stracca, Livio (contributor) - 2006

This paper estimates a hybrid New Keynesian model on euro area data and evaluates the performance of different simple policy rules and of the optimal unconstrained rule under commitment. The study reaches two main conclusions. First, inflation is found to be mainly forward-looking in the euro...

Persistent link: https://www.econbiz.de/10003310803

Housing, consumption and monetary policy : how different are the US and the euro area?

Musso, Alberto; Neri, Stefano; Stracca, Livio - 2010

, (ii) credit supply and (iii) housing demand shocks on the housing market and the broader economy. We find that …

Persistent link: https://www.econbiz.de/10003971203

Does liquidity matter? : Properties of a synthetic divisia monetary aggregate in the euro area

Stracca, Livio - 2001

Persistent link: https://www.econbiz.de/10001636927

How does the ECB allot liquidity in its weekly main refinancing operations? : a look at the empirical evidence

Ejerskov, Steen (contributor); … - 2003

Persistent link: https://www.econbiz.de/10001792749

The international dimension of an incomplete EMU

Ioannou, Demosthenes; Pagliari, Maria Sole; Stracca, Livio - 2020

This paper quantifies the economic influence that shocks to EMU cohesion, which in turn reflect the incomplete nature of the monetary union, have on the rest of the world. Disentangling euro area stress shocks and global risk aversion shocks based on a combination of sign, magnitude and...

Persistent link: https://www.econbiz.de/10012263010

EMU and the adjustment to asymmetric shocks : the case of Italy

Amisano, Gianni; Giammarioli, Nicola; Stracca, Livio - 2009

In this paper we address the question on whether EMU has amplified or dampened intra euro area divergencies, by looking at a time-varying VAR model of Italy's relative performance compared with the rest of the euro area, spanning from 1976 to 2009. Our main result is that EMU does not appear to...

Persistent link: https://www.econbiz.de/10003969277

The rise of China and India : blessing or curse for the advanced countries?

Stracca, Livio - 2013

Persistent link: https://www.econbiz.de/10010233249

The real exchange rate and economic growth : revisiting the case using external instruments

Habib, Maurizio Michael; Mileva, Elitza; Stracca, Livio - 2016

Persistent link: https://www.econbiz.de/10011618472