Narrow search
Showing 1 - 10 of 10,156
Cover Image
German Monetary Union, the Bundesbank and the EMS collapse
HEFEKER, C. - In: BNL Quarterly Review 47 (1994) 191, pp. 379-398
monetary union (EMU). Two major causes have been identified for one crisis in the EMS in September 1992 and its subsequent …
Persistent link: https://www.econbiz.de/10010854312
Cover Image
Endogenous Monetary Policy in Macroeconomic Models: The Role of Commitment, Conservative Central Banker and Optimal Central Bank Contracts in the Credibility of Monetary Policy
Alajääskö, Pekka - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 1996
stabilization. Each member country of the Economic and Monetary Union (EMU) can affect the monetary policy pursued by the EMU …
Persistent link: https://www.econbiz.de/10005353550
Cover Image
Price convergence in Europe from a macro perspective: Trends and determinants (1960-2003)
Faber, Riemer P.; Stokman, Ad C.J. - de Nederlandsche Bank - 2004
This paper studies the effects of more than 40 years of European integration on prices. Up to now, most empirical research in this area has been micro-based. We follow a macro approach. On the basis of scaled HICP strong evidence is found for price convergence in Europe, especially in the 1960s...
Persistent link: https://www.econbiz.de/10005101821
Cover Image
Price Convergence in Europe from a Macro Perspective: Product Categories and Reliability
Faber, Riemer P.; Stokman, Ad C.J. - de Nederlandsche Bank - 2005
-tradable products. Compared to the US, the dispersion level of consumer prices has always been higher in the euro area, but EMU is …
Persistent link: https://www.econbiz.de/10005106638
Cover Image
On the (A)symmetry of Shocks in EMU: Is it that Shocking?
Verhoef, B.A. - de Nederlandsche Bank - 2002
A disadvantage of EMU is the lack of national monetary policy to absorb country-specific shocks. The seriousness of … shocks within EMU. The aim of this paper is to analyse empirically whether shocks in EMU became more or less symmetric. The … results suggest that within EMU the symmetry of demand shocks increased during the last two decades, whilst the symmetry of …
Persistent link: https://www.econbiz.de/10005106691
Cover Image
The (A)Symmetry of shocks in the EMU
Verhoef, Bastiaan A. - de Nederlandsche Bank - 2003
A disadvantage of EMU is the lack of national monetary policy to absorb country-specific shocks. The seriousness of … shocks within EMU. Previous empirical research on the asymmetry of shocks mainly focused on correlation coefficients between … shocks in the EMU. The aim of this paper is to analyse empirically whether shocks in EMU became more or less symmetric. By …
Persistent link: https://www.econbiz.de/10005106766
Cover Image
A Lender of Last Resort for Europe
Aglietta, Michel - Centre d'études prospectives et d'informations … - 1999
Persistent link: https://www.econbiz.de/10005406579
Cover Image
Why so much wage restraint in EMU? The role of country size - Integrating trade theory with monetary policy regime accounts
Benedicta, Marzinotto - Department of Communication, University of Teramo - 2008
researchers had been predicting an acceleration in wage growth under EMU (Iversen and Soskice 1998; Iversen et al 2000; Cukierman … enhanced monetary credibility in EMU. Whilst building on a similar argument, this paper adds to it in important respects. First …
Persistent link: https://www.econbiz.de/10005590567
Cover Image
German Monetary Union, the Bundesbank and the EMS collapse
HEFEKER, C. - In: Banca Nazionale del Lavoro Quarterly Review 47 (1994) 191, pp. 379-398
monetary union (EMU). Two major causes have been identified for one crisis in the EMS in September 1992 and its subsequent …
Persistent link: https://www.econbiz.de/10010765250
Cover Image
Eurozone stock returns co-movement: Some findings for portfolio managers and central bankers
Kurach, Radoslaw - In: Business and Economic Horizons (BEH) 5 (2011) 2, pp. 1-12
TIn this paper we assess the level of country risk vs industry risk for the Eurozone national stock markets and the measure of dispersion is used to deliver the desired estimates. We find a significant and permanent increase in the level of country risk since the beginning of the recent global...
Persistent link: https://www.econbiz.de/10010615609