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On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
Austerity measures are frequently enacted when the sustainability of public finances is in doubt. Such doubts are reflected in high sovereign yield spreads and put further strain on government finances. Is austerity successful in restoring market confidence, bringing about a reduction in yield...
Persistent link: https://www.econbiz.de/10010481328
Persistent link: https://www.econbiz.de/10010405253
dollar/Swiss franc and euro/Swiss franc. Generalized impulse responses differ in magnitude and significance between periods … productivity, including a newly constructed database on total factor productivity. Overall, our DOLS estimation results do not …
Persistent link: https://www.econbiz.de/10009562271
We integrate systemic financial instability in an empirical macroeconomic model for the euro area. We find that at …
Persistent link: https://www.econbiz.de/10010336276
In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of … the Euro Area in terms of annualized quarter-on quarter growth rates. The main driver for the evolution of GDP were rest … Germany to the rest of the Euro Area and vice versa. This latter finding is confirmed by an impulse-response analysis and by …
Persistent link: https://www.econbiz.de/10010486694
Persistent link: https://www.econbiz.de/10013437454
There has been mixed evidence regarding the existence of rational bubbles in the foreign exchange markets. This paper introduces recently developed sequential unit root tests into the analysis of exchange rates bubbles. We find strong evidence of explosive behavior in the nominal Sterling-dollar...
Persistent link: https://www.econbiz.de/10010338391
Persistent link: https://www.econbiz.de/10009753479