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Spend-and-tax : a panel data investigation for the EU

Afonso, António; Rault, Christophe - 2009

, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend … Finland and the UK, and for several EU New Member States. Moreover, in the run-up to EMU there was some shifting away from a … spend-and-tax strategy, implying adjustments of fiscal behaviour. -- panel causality ; fiscal policy ; EU …

Persistent link: https://www.econbiz.de/10003861754

A new two-pillar strategy for the ECB

De Grauwe, Paul; Gros, Daniel - 2009

The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...

Persistent link: https://www.econbiz.de/10003888991

Adjustment difficulties and debt overhangs in the eurozone periphery : (revised & updated version of WD No. 326, March 2010)

Gros, Daniel; Alcidi, Cinzia - 2011 - rev.

Persistent link: https://www.econbiz.de/10009573552

Self-fulfilling crises in the eurozone : an empirical test

De Grauwe, Paul; Ji, Yuemei - 2012

Persistent link: https://www.econbiz.de/10009574116

A European deposit insurance and resolution fund

Schoenmaker, Dirk; Gros, Daniel - 2012

Persistent link: https://www.econbiz.de/10009574120

Do Germans support the euro?

Gros, Daniel; Roth, Felix - 2011

Persistent link: https://www.econbiz.de/10009574202

Self-fulfilling crises in the Eurozone : an empirical test

De Grauwe, Paul; Ji, Yuemei - 2012

Persistent link: https://www.econbiz.de/10009575314

Fiscal rules, financial stability and optimal currency areas

De Grauwe, Paul; Foresti, Pasquale - 2015

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co-movements in fiscal policy; 2) financial stability; and 3) financial integration. We provide empirical evidence documenting the existence of such a trade-off in the period characterized...

Persistent link: https://www.econbiz.de/10010533078

The interest rate pass-through in the euro area during the sovereign debt crisis

Borstel, Julia von; Eickmeier, Sandra; Krippner, Leo - 2015

Persistent link: https://www.econbiz.de/10011342420

Brazil and the EU in the global economy

Gros, Daniel; Alcidi, Cinzia; Giovannini, Alessandro - 2013

Persistent link: https://www.econbiz.de/10009760370