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The Political Economy Under Monetary Union : Has the Euro Made a Difference?
Fratzscher, Marcel; Stracca, Livio - 2021
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/10013316460
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Die Wirksamkeit der Fiskalpolitik im Euro-Währungsgebiet
In: Monatsbericht / Europäische Zentralbank (2010) 7, pp. 73-92
Persistent link: https://www.econbiz.de/10003987517
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The Macroeconomic Impact of Euro Area Labour Market Reforms : Evidence from a Narrative Panel VAR
Rünstler, Gerhard - 2021
Using new quarterly narrative evidence, this paper examines the macroeconomic impact of reforms of unemployment benefits (UB) and employment protection legislation (EPL) in the euro area from a Bayesian narrative panel VAR. The approach complements existing micro-econometric evidence by aligning...
Persistent link: https://www.econbiz.de/10013210534
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Fiscal Policy Shocks in the Euro Area and the US : An Empirical Assessment
Burriel, Pablo - 2009
We analyse the impact of fiscal policy shocks in the euro area as a whole, using a newly available quarterly dataset of fiscal variables for the period 1981-2007. To allow for comparability with previous results on euro area countries and the US, we use a standard structural VAR framework, and...
Persistent link: https://www.econbiz.de/10013153261
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The Impact of Extreme Weather Events on Budget Balances and Implications for Fiscal Policy
Lis, Eliza M. - 2009
This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...
Persistent link: https://www.econbiz.de/10013159926
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Expansionary Fiscal Consolidations in Europe : New Evidence
Afonso, António - 2021
In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models for private consumption are estimated for the EU15 countries, using annual data over the period 1970-2005. Three alternative approaches to determine fiscal episodes are used, and the level of...
Persistent link: https://www.econbiz.de/10013317479
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Gemeinsame Geldpolitik und nationale Finanzpolitik vor dem Erfordernis eines reibungslosen Funktionierens der WWU
In: Monatsbericht / Europäische Zentralbank (2008), pp. 71-85
Persistent link: https://www.econbiz.de/10003730573
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Der Zusammenhang zwischen Geld- und Finanzpolitik im Euro-Währungsgebiet
In: Monatsbericht / Europäische Zentralbank (2003) 2, pp. 41-55
Persistent link: https://www.econbiz.de/10001737733
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Der Einfluss der Finanzpolitik auf die gesamtwirtschaftliche Stabilität und die Preise
In: Monatsbericht / Europäische Zentralbank (2004) 4, pp. 49-63
Persistent link: https://www.econbiz.de/10002009391
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Central Bank Communication on Fiscal Policy
Allard, Julien - 2012
While the established literature on central bank communication has traditionally dealt with communication of monetary policy messages to financial markets and the wider public, central bank communication on fiscal policy has so far received little attention. This paper empirically reviews the...
Persistent link: https://www.econbiz.de/10013100569