Similar Search Results

Money and Inflation in the Euro Area : A Case for Monetary Indicators?

Gerlach, Stefan - 2000

This paper studies the relationship between inflation, output, money and interest rates in the euro area, using data … power for future inflation. The real money gap contains more information about future inflation than the output gap and the … Eurosystem's money-growth indicator is an inferior indicator of future inflation …

Persistent link: https://www.econbiz.de/10012470705

The Fiscal Consequences of Missing an Inflation Target

Andreolli, Michele; Rey, Hélène - National Bureau of Economic Research - 2023

public finances. We show that when the ECB misses its inflation target this has large heterogeneous fiscal consequences for … missing their inflation targets. They are also sizeable …

Persistent link: https://www.econbiz.de/10013537713

Quantitative Tightening Around the Globe : What Have We Learned?

Du, Wenxin; Forbes, Kristin; Luzzetti, Matthew N. - National Bureau of Economic Research - 2024

, Sweden, UK and US)--documenting different strategies and the substantive reduction in central bank balance sheets that has …

Persistent link: https://www.econbiz.de/10014528361

Eurowinners and Eurolosers : The Distribution of Seigniorage Wealth in EMU

Sinn, Hans-Werner - 1997

The European Monetary Union (EMU) will involve socialization of the existing seigniorage wealth of the national central banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the historical process of money creation. This socialization...

Persistent link: https://www.econbiz.de/10012472742

Winners and Losers of Tax Competition in the European Union

Mendoza, Enrique G. - 2003

This paper quantifies the macroeconomic effects of capital income tax competition in the European Union using a two-country neoclassical dynamic general equilibrium model. This model incorporates three key externalities of tax competition: the relative price externality, the wealth distribution...

Persistent link: https://www.econbiz.de/10012468643

Monnet's Error?

Guiso, Luigi - 2015

-Europe sentiment as does the 2010 Eurozone crisis. Yet, in spite of the worst recession in recent history, the Europeans still support …

Persistent link: https://www.econbiz.de/10012457545

Regional Nonadjustment and Fiscal Policy : Lessons for EMU

Obstfeld, Maurice - 1999

How will countries handle idiosyncratic national macroeconomic shocks under the European single currency? The ways in which European countries now react to internally asymmetric shocks provide a better forecast than do the regional response pattern of the United States. In this paper we compare...

Persistent link: https://www.econbiz.de/10012471641