Narrow search
Showing 1 - 10 of 139
Cover Image
Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union
Schnabl, Gunther - 2013
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention. Whereas Greece and Ireland struggle for austerity in private and public spending, Germany is urged to reduce its current account...
Persistent link: https://www.econbiz.de/10013094029
Cover Image
Differences in Euro-Area Household Finances and Their Relevance for Monetary-Policy Transmission
Hintermaier, Thomas - 2019
This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house … portfolios, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the … heterogeneity in household finances implies that responses of consumption to changes in the real interest rate and in house prices …
Persistent link: https://www.econbiz.de/10012898763
Cover Image
The household effects of government spending
Giavazzi, Francesco; McMahon, Michael - 2012
Persistent link: https://www.econbiz.de/10009561230
Cover Image
Who did it? : a European detective story was it real, financial, monetary and/or institutional : tracking growth in the euro area with an atheoretical tool
Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2020
Persistent link: https://www.econbiz.de/10012224948
Cover Image
Slowdown in emerging markets : rough patch or prolonged weakness?
Didier, Tatiana; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2016
Persistent link: https://www.econbiz.de/10011758048
Cover Image
Weakness in investment growth : causes, implications and policy responses
Kose, M. Ayhan; Ohnsorge, Franziska; Ye, Lei; Islamaj, Ergys - 2017
Persistent link: https://www.econbiz.de/10011748194
Cover Image
Slower growth and vulnerability to recession : updating China’s global impact
Tyers, Rodney - 2015
Persistent link: https://www.econbiz.de/10011342388
Cover Image
Macroeconomic Effects of Government Spending Shocks : New Evidence Using Natural Disaster Relief in Korea
Yang, Weonho - 2012
GDP, private consumption, real wage and investment are all positive, which is in accord with the New Keynesian model …
Persistent link: https://www.econbiz.de/10013100013
Cover Image
Fiscal Transfers in a Monetary Union with Exit Option
Hefeker, Carsten - 2015
It is widely debated whether a monetary union has to be accompanied by a fiscal transfer scheme to accommodate asymmetric shocks. We build a model of a monetary union with a central bank and two heterogeneous countries that are linked by a fiscal transfer scheme with repercussions on monetary...
Persistent link: https://www.econbiz.de/10013025966
Cover Image
Transportation Costs and the Great Divergence
Azarnert, Leonid V. - 2014
enhance convergence of the growth rates of trading economies. In contrast, reductions in transportation costs of non …
Persistent link: https://www.econbiz.de/10013054015