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Statements of ECB officials and their effect on the level and volatility of the Euro-Dollar exchange rate

Jansen, David-Jan; Haan, Jakob de - 2003

This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …

Persistent link: https://www.econbiz.de/10011507830

Alternative measures for the global financial cycle : do they make a difference?

Tian, Xin; Jacobs, Jan; Haan, Jakob de - 2022

We construct several measures for the global financial cycle using dynamic factor models and data for 25 advanced and emerging countries over 1980-2019. Our results suggest that global cycles in asset prices and capital flows are highly similar and synchronized, especially during crisis...

Persistent link: https://www.econbiz.de/10013186798

The importance of being vigilant : has ECB communication influenced Euro area inflation expectations?

Jansen, David-Jan (contributor); Haan, Jakob de (contributor) - 2007

Persistent link: https://www.econbiz.de/10003623777

Interest rate linkages in EMU countries : a rolling threshold vector error-correction approach

Poghosyan, Tigran (contributor); Haan, Jakob de (contributor) - 2007

Persistent link: https://www.econbiz.de/10003499692

Convergence of monetary transmission in EMU new evidence

Toolsema-Veldman, Linda Adriana; Sturm, Jan-Egbert; … - 2001

This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the Netherlands and Spain, and the sample period is 1980-2000. We...

Persistent link: https://www.econbiz.de/10011398432

Asymmetric monetary transmission in EMU : the robustness of VAR conclusions and Cecchettis̕ legal family theory

Elbourne, Adam (contributor); Haan, Jakob de (contributor) - 2004

We review studies on monetary transmission in the EU countries using the VAR approach and analyse why they often lead to divergent outcomes. Firstly, we estimate 43 VAR models across ten EU countries and compare the robustness of the ranking of the magnitudes of the price and output responses....

Persistent link: https://www.econbiz.de/10002521661

Has the stability and growth pact impeded political budget cycles in the European Union?

Mink, Mark (contributor); Haan, Jakob de (contributor) - 2005

This paper examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate … has not restricted fiscal policy makers in the euro area in pursuing expansionary policies before elections. In an …

Persistent link: https://www.econbiz.de/10003120672

Is there really a European business cycle?

Inklaar, Robert; Haan, Jakob de - 2000

In this paper we argue that in contrast to the conclusion of Artis and Zhang, there is not much evidence in support of the view that increased exchange rate stability is related to more synchronised business cycles in Europe. This finding may have important consequences, as existing differences...

Persistent link: https://www.econbiz.de/10009781543

Euro area imbalances

Mink, Mark; Jacobs, Jan; Haan, Jakob de - 2016

balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for …

Persistent link: https://www.econbiz.de/10011587915