Similar Search Results

Is euro area money demand (still) stable? : cointegrated VAR versus single equation techniques

Belke, Ansgar; Czudaj, Robert - 2010

In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows … stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

Persistent link: https://www.econbiz.de/10003939738

How much fiscal backing must the ECB have? : the euro area is not the Philippines

Belke, Ansgar - 2010

losses. Thirdly, the ECB can draw on substantial reserves of the euro area national banks. -- Central bank independence …

Persistent link: https://www.econbiz.de/10003958658

Modifying Taylor reaction functions in presence of the zero-lower-bound : evidence for the ECB and the Fed

Belke, Ansgar; Klose, Jens - 2012

We propose an alternative way of estimating Taylor reaction functions if the zero-lowerbound on nominal interest rates is binding. This approach relies on tackling the real rather than the nominal interest rate. So if the nominal rate is (close to) zero central banks can influence the inflation...

Persistent link: https://www.econbiz.de/10009579305

The euro area crisis management framework : consequences and institutional follow-ups

Belke, Ansgar - 2010

support the stability of the euro. Among them are the enhancement of the effectiveness of the Stability and Growth Pact …

Persistent link: https://www.econbiz.de/10009268966

Reinforcing EU governance in times of crisis : the commission proposals and beyond

Belke, Ansgar - 2010

governance in the EU and the euro area since the launch of the Economic and Monetary Union. Broader and enhanced surveillance of …

Persistent link: https://www.econbiz.de/10009272597

Real convergence, capital flows, and competitiveness in central and Eastern Europe

Belke, Ansgar; Schnabl, Gunter; Zemanek, Holger - 2009

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

Persistent link: https://www.econbiz.de/10003889534

Interest rate pass-through in the EMU : new evidence from nonlinear cointegration techniques for fully harmonized data

Belke, Ansgar; Beckmann, Joscha; Verheyen, Florian - 2012

between loan rates and the Euro OverNight Index Average (EONIA). Based on these findings, we allow for different nonlinear …

Persistent link: https://www.econbiz.de/10009579322