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The Exchange Rate Pass-Through in the New EU Member States
Jimborean, Ramona - 2011
and prices in the new EU member states. We investigate the exchange rate pass-through to import, producer and consumer …
Persistent link: https://www.econbiz.de/10013121412
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European Export Performance
Cheptea, Angela - 2012
competitiveness and intra-EU imbalances. But how to measure properly competitiveness, beyond price or cost competitiveness, remains an … open methodological issue; and what is the resilience of producers located in the EU to the competition of emerging … on an econometric shift-share decomposition and we consider the EU-27 as an integrated economy, excluding intra-EU trade …
Persistent link: https://www.econbiz.de/10013101737
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Employment Effects of Foreign Direct Investment. New Evidence from Central and Eastern European Countries
Jude, Cristina - 2015
eventually converges towards a positive long run effect. However, this phenomenon is only observed in EU countries. Our analysis …
Persistent link: https://www.econbiz.de/10013022551
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The Pricing Behaviour of Firms in the Euro Area : New Survey Evidence
Fabiani, Silvia - 2011
This study investigates the pricing behaviour of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The results, robust across countries, show that firms operate in monopolistically competitive markets, where...
Persistent link: https://www.econbiz.de/10013132582
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Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area
Ehrmann, Michael - 2010
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...
Persistent link: https://www.econbiz.de/10013134951
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Forecasting Inflation in the Euro Area
Bruneau, Catherine - 2010
In order to provide medium run forecasts of headline and core HICP inflation for the euro area, we assess the usefulness of dynamic factor models. We use Stock and Watson's (1999) out-of-sample methodology for models estimated over the 1988:1-2002:3 period, with balanced and unbalanced panels....
Persistent link: https://www.econbiz.de/10013134965
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Price Stability and the Ecb's Monetary Policy Strategy
Bordes, Christian - 2010
This paper focuses on the price stability objective within the framework of the single monetary policy strategy. It starts by reviewing what this objective, which is common to all central banks, means. Secondly, this paper will focus exclusively on the anchoring of short- to medium-term...
Persistent link: https://www.econbiz.de/10013135030
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Inflation and the Markup in the Euro Area
Bruneau, Catherine - 2010
The paper implements a consistent empirical strategy in order to investigate the behaviour of the markup over the cycle and its contribution to inflation movements.We model the price series as I(2) components and use polynomial cointegration in order to recover a long-run price schedule. We do...
Persistent link: https://www.econbiz.de/10013135043
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A Time-Varying Natural Rate for the Euro Area
Mésonnier, Jean-Stéphane - 2010
monetary policy stance in EU12 over the last two decades. While our TVNRI estimate seems quite robust to changes in model …
Persistent link: https://www.econbiz.de/10013136219
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Partial Indexation, Trend Inflation, and the Hybrid Phillips Curve
Sahuc, Jean-Guillaume - 2010
This paper proposes a full description of the Calvo price-setting model based on partial prices indexation and studies the interaction between partial indexation and trend inflation. We show that using a hybrid version of the Phillips curve partly decreases the risks of overestimate due to the...
Persistent link: https://www.econbiz.de/10013136220