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prices, equity prices, and interest rates. Uncertainty shocks cause deeper recessions in Continental Europe (except Germany …) than in Anglo-Saxon countries. This pattern is compatible with the view that continental Europe still suffers from … Auswirkungen. In dieser Hinsicht erweist sich die Schweiz als das am stärksten betroffene Land in Europa außerhalb der Eurozone …
Persistent link: https://www.econbiz.de/10011640939
prices, equity prices and interest rates. Uncertainty shocks cause deeper recessions in Continental Europe (except Germany …) than in Anglo- Saxon countries. This pattern is compatible with the view that continental Europe still suffers from …
Persistent link: https://www.econbiz.de/10012110907
prices, equity prices and interest rates. Uncertainty shocks cause deeper recessions in Continental Europe (except Germany …) than in Anglo-Saxon countries. This pattern is compatible with the view that continental Europe still suffers from …
Persistent link: https://www.econbiz.de/10011691548
The financial crisis affected regions in Europe in a different magnitude. This is why we examine whether regions which …Die Finanzkrise hat sich unterschiedlich stark auf Regionen in Europa ausgewirkt. Aus diesem Grund untersuchen wir, ob …
Persistent link: https://www.econbiz.de/10011381424
The financial crisis affected regions in Europe in a different magnitude. This is why we examine whether regions which …
Persistent link: https://www.econbiz.de/10011443947
Two of the four macroeconomic adjustment programmes, Portugal and Ireland s, can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on exports has taken hold in these two countries, but a...
Persistent link: https://www.econbiz.de/10010484332
Die globale Finanzmarktkrise 2007-2009 hat gezeigt, wie stark ganze Volkswirtschaften von der Stabilität eines reibungslos funktionierenden Finanzsystems abhängen. Problematisch ist beispielsweise die Systemrelevanz einzelner Akteure, da diese im Notfall mit öffentlichen Mitteln gerettet...
Persistent link: https://www.econbiz.de/10010382318
A number of contributions to research on monetary policy have suggested that policy should be asymmetric near the lower bound on nominal interest rates. As inflation and economic activity decline, policy should ease more aggressively than it would in the absence of the lower bound. As activity...
Persistent link: https://www.econbiz.de/10011436446
Is secular stagnation a valid concern for Euro Area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest rate and compare it to the actual real rate. We apply our approach to twelve Euro Area countries, since...
Persistent link: https://www.econbiz.de/10011500118
The recovery in Euroland has started at the beginning of this year but it has remained rather moderate. Real GDP increased at an annual rate of less than 1½ percent during the first half of 2002. Capacity utilization has declined further and unemployment continued to go up. While exports have...
Persistent link: https://www.econbiz.de/10011451784