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in a satisfactory way. We specify a trade model which relates to the effects that the introduction of the euro had on … exports for the euro countries. Our model contains country pair fixed effects and error terms which are spatially and time … substantially affected when one accounts for statistical complications. Specifically, the intra euro effects on exports are …
Persistent link: https://www.econbiz.de/10014079873
of the euro raises inward FDI by 14 to 16 percent within the euro area by 11 to 13 percent from non-member and weakly by … 8 percent to non-member countries. Moreover the geographical effects of the euro are explored. The results show partial … agglomeration tendencies for the euro area. There are also some indications of increased importance of vertical specialization in …
Persistent link: https://www.econbiz.de/10014080573
The euro-area financial crisis that erupted in 2009 was marked by negative confidence effects that had both domestic … and international ramifications. Domestically, bank lending declined sharply. Internationally, the demand for the euro as … national and regional spillovers. We also assess the effects of ECB policies on euro reserve holdings. The results suggest that …
Persistent link: https://www.econbiz.de/10013492305
predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental …
Persistent link: https://www.econbiz.de/10011374304
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010246065
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This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010248168
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010252646