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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
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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
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Dominica : selected issues
Internationaler Währungsfonds - 2022
Persistent link: https://www.econbiz.de/10013169011
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Hungary : selected issues
Debrun, Xavier; Joshi, Bikas; Mitra, Srobona - 2008
Persistent link: https://www.econbiz.de/10003758442
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South Africa : selected issues
Coorey, Sharmini; Cuevas, Alfredo; Georgiev, Nikolaj; … - 2008
Persistent link: https://www.econbiz.de/10003777968
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Russian Federation : selected issues
Gray, Simon; Gust, Charleen; Hofman, David; Kim, Daehaeng; … - 2012
Persistent link: https://www.econbiz.de/10009626302
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Papua New Guinea : 2011 Article IV consultation
Brooks, Ray (contributor) - 2011
Persistent link: https://www.econbiz.de/10009583329
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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
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Euro area policies : 2021 Article IV consultation with member countries on common euro area policies : press release; staff report; and statement by the Executive Director for memb...
Internationaler Währungsfonds - 2022
Following a deep recession in 2020 and further contraction in 2021Q1, the euro area economy recovered rapidly in the second and third quarters thanks to high vaccination levels, increasing household and business adaptability to the virus, and continued forceful policy support. Looking ahead,...
Persistent link: https://www.econbiz.de/10013169107