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In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …
Persistent link: https://www.econbiz.de/10008798227
Persistent link: https://www.econbiz.de/10011948231
Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic …, we expand our model to incorporate the financial cycle. We estimate the model for the Euro area as a whole and for nine … Euro-area member countries. Incorporating the financial cycle changes the estimated equilibrium real interest rates: For …
Persistent link: https://www.econbiz.de/10011894437
Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic …, we expand our model to incorporate the financial cycle. We estimate the model for the Euro area as a whole and for nine … Euro-area member countries. Incorporating the financial cycle changes the estimated equilibrium real interest rates: For …
Persistent link: https://www.econbiz.de/10012131206
Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic …, we expand our model to incorporate the financial cycle. We estimate the model for the Euro area as a whole and for nine … Euro-area member countries. Incorporating the financial cycle changes the estimated equilibrium real interest rates: For …
Persistent link: https://www.econbiz.de/10011799334
In early 2013 rumors about the Euro-appreciation gained momentum, which may lead to decreases in exports and increases … in imports of the member states. Therefore, we investigate the impact of changes in the nominal Euro exchange rate vis …-à-vis major currencies on export and import performance of nine different Euro-area-countries. To disentangle the "true …
Persistent link: https://www.econbiz.de/10010197621
Persistent link: https://www.econbiz.de/10011509241
Persistent link: https://www.econbiz.de/10012200503
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
, ob sich die Reaktion zu wichtigen real- und finanzwirtschaftlichen Variablen in der globalen Finanzkrise verändert hat. …
Persistent link: https://www.econbiz.de/10009580148