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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 …
Persistent link: https://www.econbiz.de/10011691548
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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 …
Persistent link: https://www.econbiz.de/10012110907
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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
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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
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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
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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 ; international competitiveness …
Persistent link: https://www.econbiz.de/10003850175
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The importance of global shocks for national policymakers : rising challenges for central banks
Belke, Ansgar; Rees, Andreas - 2009
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003879570
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The importance of global shocks for national policy makers : rising challenges for central banks
Belke, Ansgar; Rees, Andreas - 2009
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003884937
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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
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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. …
Persistent link: https://www.econbiz.de/10003936156