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Campanella, Edoardo - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-25, pp. 1-18

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...

Persistent link: https://www.econbiz.de/10010301326

The Single Currency's Effects on Eurozone Sectoral Trade: Winners and Losers?

Vicarelli, Claudio; De Santis, Roberta; De Nardis, Sergio - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-17, pp. 1-34

In this paper we study the effect of the single currency across industries for euro area members. This analysis may … help to shed light on the main factors influencing the euro effect on trade flows. We intend to verify whether these … factors are specific to individual sectors and/or countries or common to the entire euro area. We use a dynamic specification …

Persistent link: https://www.econbiz.de/10010295314

The crisis and beyond: Thinking outside the box

Hillinger, Claude - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-23, pp. 1-61

In this paper the author attempts an analysis of the current financial/economic crisis that is wider ranging and more fundamental than he has been able to find. He discusses alternatives to the financial bailouts and shows how the crisis could have been dealt with more efficiently and at little...

Persistent link: https://www.econbiz.de/10010301113

Measuring Long-Run Exchange Rate Pass-Through

Kozluk, Tomasz; Banerjee, Anindya; de Bandt, Olivier - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-6, pp. 1-36

The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro … the possibility of structural breaks and show how the long run may be restored in the estimation. The main finding is that … allowing for possible breaks around the formation of EMU and the appreciation of the euro starting in 2001 helps restore a long …

Persistent link: https://www.econbiz.de/10010295304

Testing the New Keynesian Model on U.S. and Euro Area Data

Juselius, Mikael - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-24, pp. 1-26

expectation systems, while allowing for non-stationary data. The NK-model is tested on quarterly U.S. and Euro area time series …

Persistent link: https://www.econbiz.de/10010295321

Some aspects of the discrete wavelet analysis of bivariate spectra for business cycle synchronisation

Bruzda, Joanna - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-16, pp. 1-46

business cycle synchronisation between 11 euro zone countries. The study is supplemented by a wavelet analysis of the variance … and covariance of the euro zone business cycles. The empirical examination underlines the good localisation properties and … euro zone. …

Persistent link: https://www.econbiz.de/10010306878

Uncertainty and capacity constraints: Reconsidering the aggregate production function

Gracia, Eduard - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-19, pp. 1-50

The CobbDouglas function is today one of the most widely adopted assumptions in economic modeling, yet both its theoretical and empirical bases have long been under question. This paper builds an alternative function on very different (albeit also neoclassical) microfoundations aimed at both...

Persistent link: https://www.econbiz.de/10010307562

Country inequality rankings and conversion schemes

Schröder, Carsten; Bönke, Timm - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-28, pp. 1-43

Two conversion schemes may be employed for assessing income inequality from household equivalent incomes: to weight household units by size or by needs. Using data from the Luxembourg Income Study, we show the sensitivity of country inequality rankings to conversion schemes and explain the...

Persistent link: https://www.econbiz.de/10010309600