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In the aftermath of the euro cash changeover consumers' inflation perceptions rose substantially in the euro area … countries while actual inflation figures remained almost unchanged. During that period media reporting on the potentially large … inflationary effect of the euro introduction intensified. In this paper we argue that the information set of the public has been …
Persistent link: https://www.econbiz.de/10013147754
Nationale, Sénat and Bundestag) on economic policies and institutions of the Eurozone. We find that French politicians are … at the European or Eurozone level, but are skeptical about the fiscal constraints of the Fiscal Compact. There is …
Persistent link: https://www.econbiz.de/10011754032
We analyze data from an author‐conducted survey of members of the French and German parliaments on European Monetary Union reform preferences. We consider three potential drivers of preferences: nationality, ideology, and personal characteristics. For European Monetary Union policies like...
Persistent link: https://www.econbiz.de/10011977499
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The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
Persistent link: https://www.econbiz.de/10009781545
In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal … methods. We draw a distinction between movements within Germany, circulation outside Germany but within the euro area and … demand from non-euroarea countries. Our approach suggests that only about 20% of euro notes issued by Germany are used for …
Persistent link: https://www.econbiz.de/10010209428
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
rates EUR/GRD and EUR/ITL during the euro zone membership period. Leaving the euro area one can expect the following market … rates: EUR/GRD 600 and EUR/ITL 1850. That would mean 75% depreciation and 5% appreciation to the current euro parities EUR …
Persistent link: https://www.econbiz.de/10013166669
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