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Persistent link: https://www.econbiz.de/10013438552
We calibrate a closed multi-country input-output model with data from the World Input-Output Database to estimate the size of spillover effects of Germany's final demand on GDP, employment, and the trade balance in Southern European countries. We find that spillover effects are rather small....
Persistent link: https://www.econbiz.de/10011667875
This paper assesses whether or to what extent the macroeconomic imbalances, which emerged in the "North" and "South" of the European Monetary Union before the financial and economic crisis of 2008/09, are symmetric. Firstly, we calculate bilateral exports and imports between all EU member...
Persistent link: https://www.econbiz.de/10010426512
This paper assesses whether or to what extent the macroeconomic imbalances, which emerged in the "North" and "South" of the European Monetary Union before the financial and economic crisis of 2008/09, are symmetric. First, we show that the imbalances stemmed from different growth patterns and...
Persistent link: https://www.econbiz.de/10011495111
Building on the seminal paper of Weber et al. (2022), we provide a stress-test framework of inflation exposure and apply it to the EU28. This adds a yet unrecognised dimension to the latest calls for supply chain stress-tests. We address both the ex- and internal dimensions of inflation exposure...
Persistent link: https://www.econbiz.de/10014384482
values nature, rather than putting it at risk. This study analyses the contribution of euro area economic activities - and … account for approximately €4.3 trillion in corporate loans to around 4.2 million companies located in the euro area, issued by … more than 2,500 unique consolidated euro area banks. Considering two primary drivers of biodiversity loss (land-use change …
Persistent link: https://www.econbiz.de/10014439044
The inquiry into the global significance of the euro, which is the second most important currency in the international …’s strategic autonomy. The main obstacles impeding the further internationalisation of the euro include the lack of a sovereign … behind it and the heterogeneity and struc­tural problems of the euro area member states. The international status of the euro …
Persistent link: https://www.econbiz.de/10014472490
The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …
Persistent link: https://www.econbiz.de/10012265943
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Persistent link: https://www.econbiz.de/10014519785