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Instability of the Eurozone? : On monetary policy, house prices and labor market reforms

Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2007

"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...

Persistent link: https://www.econbiz.de/10003429626

State-of-play in implementing macroeconomic adjustment programmes in the euro area : short version

Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014

reforms have not yet taken hold. The EU-led macroeconomic adjustment programmes outside the euro area (e.g. Latvia) seem to … finden. Survey-basierte Evidenz legt nahe, dass Strukturreformen bisher kaum gewirkt haben. Die von der EU geführten …

Persistent link: https://www.econbiz.de/10010349252

(When) should a non-euro country join the banking union?

Belke, Ansgar; Dobrza´nska, Anna; Gros, Daniel; Smaga, … - 2016

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...

Persistent link: https://www.econbiz.de/10011446695

The Europe 2020 Strategy : Can it Maintain the EU’s Competitiveness in the World?

Gros, Daniel - 2012

-depth look at the Europe 2020 strategy and the goals it sets for the EU, with the aim of shedding light on the question of …

Persistent link: https://www.econbiz.de/10013101064

The Ill Wind that Blows from Europe : Implications for Canada's Economy

Siklos, Pierre L. - 2014

Speculation about the consequences of a break-up of the eurozone, a worsening sovereign debt crisis or a prolonged recession in the European Union have all in recent years made the headlines. At first glance, the effect that such events might have on the Canadian macroeconomy might appear small....

Persistent link: https://www.econbiz.de/10013057480

Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?

Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20

This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank...

Persistent link: https://www.econbiz.de/10012816140

The economic impact of Brexit : evidence from modelling free trade agreements

Belke, Ansgar; Gros, Daniel - 2017

between the UK and the EU27 is large and of a similar order of magnitude as transatlantic trade (between the EU and the US …). The precise nature of the (hopefully free) trade agreement UK-EU-27 is still being negotiated. But all available studies … concur that a significant disruption of trade links will impose economic costs on both sides. However, the EU27 would bear …

Persistent link: https://www.econbiz.de/10011662701

Business cycle synchronization in the EMU : core vs. periphery

Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016

This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...

Persistent link: https://www.econbiz.de/10011570812

QE in the euro area : has the PSPP benefited peripheral bonds?

Belke, Ansgar; Gros, Daniel - 2019

The asset purchase programme of the euro area, active between 2015 and 2018, constitutes an interesting special case of Quantitative Easing (QE) because the ECB’s Public Sector Purchase Programme (PSPP) involved the purchase of peripheral euro area government bonds, which were clearly not...

Persistent link: https://www.econbiz.de/10011994801

Monetary policy and macroeconomic factors : Japan versus the US and the euro area

Siklos, Pierre L. - In: Asia and the global economy : AGE 3 (2023) 2, pp. 1-8

Narratives that portray macroeconomic policies in Japan as unlike ones pursued in other large economies persist. I revisit how several factors, including monetary, fiscal, and demographic factors impact Japan, the US, and the euro area. Panel VARs driven by factors or observed macroeconomic...

Persistent link: https://www.econbiz.de/10014447638