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consumer confidence indicator (CCI) reported by the EU Commission for the euro area and individual member states. Different … and the entire euro area (20 percent). For Germany and France the gains seem to be lower, but are nevertheless substantial …
Persistent link: https://www.econbiz.de/10009267838
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
Persistent link: https://www.econbiz.de/10009785453
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
paper re-investigates the stability properties of M3 demandin the euro area in the light of the recent economic crisis. A …
Persistent link: https://www.econbiz.de/10011532681
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...
Persistent link: https://www.econbiz.de/10011518878