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Escape routes from sovereign default risk in the euro area

Semmler, Willi; Proaño Acosta, Christian - 2015

dynamics of output, sovereign debt and financial stress in some euro area and other industrialized countries. …

Persistent link: https://www.econbiz.de/10010498572

Further evidence on the (in-) efficiency of the U.S. housing market

Schindler, Felix - 2010

Extending the controversial findings from relevant literature on testing the efficient market hypothesis for the U.S. housing market, the results from the monthly and quarterly transaction-based Case-Shiller indices from 1987 to 2009 provide further empirical evidence on the rejection of the...

Persistent link: https://www.econbiz.de/10003919079

Surprises in scheduled releases : why do they move the bond market?

Hess, Dieter - 2000

It is well known that information arrival has an impact on prices volatility, and trading volume in financial markets (see e.g., Goodhart and O'Hara 1997). Scheduled macroeconomic announcements, such as monthly employment figures, consumer prices, or building permits, stand out from the steady...

Persistent link: https://www.econbiz.de/10011445168

Did the introduction of the euro lead to money illusion? : empirical evidence from Germany

Bittschi, Benjamin; Duppel, Saskia - 2015

Using the introduction of the euro as a natural experiment, we provide economy-wide evidence for money illusion based … effect between 2.4% and 7.6%. Compared to previous studies on money illusion in the course of the euro currency changeover …

Persistent link: https://www.econbiz.de/10011316505

Labour mobility - an adjustment mechanism in Euroland? : empirical evidence for Western Germany, France and Italy

Puhani, Patrick A. - 1999

The purpose of this paper is to evaluate whether labour mobility is likely to act as a sufficient adjustment mechanism in the face of asymmetric shocks in Euroland. To this end, we estimate the elasticity of migration with respect to changes in unemployment and income on the basis of regional...

Persistent link: https://www.econbiz.de/10011443287

Exchange rate or wage changes in internationale adjustment? : Japan and China versus the United States

McKinnon, Ronald I. (contributor) - 2005

Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its economic growth and eventually cause deflation but...

Persistent link: https://www.econbiz.de/10003114252

How many factors and shocks cause financial stress?

Kappler, Marcus; Schleer, Frauke - 2013

particular financial stress in the euro area. A second aim is to construct summary indices on the conditions and level of stress … financial market conditions in the euro area, our results suggest that the data respond quite differently to fundamental shocks … financial sector in the euro area react fairly heterogonously to such shocks. We estimate several common factors and by means of …

Persistent link: https://www.econbiz.de/10010204040

The impact of R&D subsidies during the crisis

Hud, Martin; Hussinger, Katrin - 2014

This study investigates the impact of R&D subsidies on R&D investment during the past financial crisis. We conduct a treatment effects analysis and show that R&D subsidies increased R&D spending among subsidized small and medium sized firms in Germany during the crisis years. In the first crisis...

Persistent link: https://www.econbiz.de/10010341825

Symposium on financial crisis and macroeconomics

In: American economic journal : a journal of the American … 4 (2012) 1, pp. 190-282

Persistent link: https://www.econbiz.de/10009524106

Is the Phillips curve alive and well after all? : inflation expectations and the missing disinflation

Coibion, Olivier; Gorodnichenko, Yuriy - In: American economic journal : a journal of the American … 7 (2015) 1, pp. 197-232

Persistent link: https://www.econbiz.de/10010517074

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