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International effects of euro area versus US policy uncertainty : a FAVAR approach

Belke, Ansgar; Osowski, Thomas - 2017

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

International effects of euro area versus US policy uncertainty : a FAVAR approach

Belke, Ansgar; Osowski, Thomas - 2017

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

International effects of euro area versus US policy uncertainty : a FAVAR approach

Belke, Ansgar; Osowski, Thomas - 2017

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

State-of-play in implementing macroeconomic adjustment programmes in the euro area : conference paper

Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014 - Manuscript completed in February 2014

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

Policy uncertainty and international financial markets : the case of Brexit

Belke, Ansgar; Dubova, Irina; Osowski, Thomas - 2016

countries predominantly from Europe as well as of the British pound and of the euro (first statistical moment). We show that …

Persistent link: https://www.econbiz.de/10011582007

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

Belke, Ansgar; Gros, Daniel - 2017

This paper assesses the economic implications of the United Kingdom leaving the European Union. The basic data on trade in goods and services and investment between the two parties suggest that cost of ‘Brexit’ could be substantial. Trade between the UK and the EU27 is large and of a similar...

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

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

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

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/10010429261

Unconventional monetary policy and inflation expectations in the euro area

Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020

With the ECB's policy rate having reached the zero lower bound, traditional monetary policy tools became ineffective and the ECB was forced to adopt a set of unconventional monetary policy (UMP) measures. This paper examines the effects of the ECB’s UMP on inflation expectations in the Euro...

Persistent link: https://www.econbiz.de/10012149519

Fiscal stimulus packages and uncertainty in times of crisis : the option of waiting can be valuable, though!

Belke, Ansgar (contributor) - 2009

Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting their economies with unmitigated force. Each government is responding to the emerging problems with a country-specific set of measures. Given the global nature of the crisis, would...

Persistent link: https://www.econbiz.de/10003811803

Current account imbalances and structural adjustment in the euro area : how to rebalance competitiveness

Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009

deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We … the best way to preserve long-term economic stability in Europe. -- Structural reforms ; competitiveness ; current account …

Persistent link: https://www.econbiz.de/10003844342