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Durchschnitt niedriger. Es gibt aber auch hier Zollspitzen, die den EU-Exporteuren wehtun: Bei wichtigen Milchprodukten sind … Exporte der USA in die EU im Jahr 2015 mit 5,7 Mrd. US-Dollar an Zollzahlungen belastet, während Exporte der EU in die USA zu … insgesamt geringer, weil die Importe der EU aus den USA um 150 Mrd. US-Dollar unter den Importen der USA aus der EU liegen. …
Persistent link: https://www.econbiz.de/10011885911
The EU Directive on Corporate Sustainable Due Diligence has sparked fierce debate about the regulations of supply …
Persistent link: https://www.econbiz.de/10014476359
Nach Ende der akuten Phase der Corona-Krise soll der deutsche Außenhandel wieder stark zum wirtschaftlichen Aufschwung beitragen; die Rahmenbedingungen haben sich aber verändert. Aus Sicht der Autoren ist dafür eine neue Strategie gefragt. Die deutsche Außenhandelsförderung muss sich, wie...
Persistent link: https://www.econbiz.de/10012518409
We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...
Persistent link: https://www.econbiz.de/10003636288
Trade economists traditionally study the effect of lower variable trade costs. While increasingly important politically, technical barriers to trade (TBTs) have received less attention. Viewing TBTs as fixed regulatory costs related to the entry into export markets, we use a model with...
Persistent link: https://www.econbiz.de/10003636442
In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...
Persistent link: https://www.econbiz.de/10003778833
In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad) Macroeconomic Projection Exercises regularly undertaken by ECB/Eurosystem staff. We present estimation results for the NAWM that are obtained by employing Bayesian inference...
Persistent link: https://www.econbiz.de/10003790951
Persistent link: https://www.econbiz.de/10003864444
Persistent link: https://www.econbiz.de/10003820615
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