Showing 1 - 10 of 36
Persistent link: https://www.econbiz.de/10000630405
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852
financial sector authorities in the European Union (EU), a proposal that is under consideration by EU member states …
Persistent link: https://www.econbiz.de/10014402543
. Financial sector reform in the EU is proceeding at a rapid pace, and poses challenges and opportunities for the EU …
Persistent link: https://www.econbiz.de/10014403552
This paper documents and analyzes crisis-related changes in government debt issuance practices in the 16 euro zone countries and Denmark. Using a newly constructed database on primary market debt issuance during 2007-09, we find evidence of a shift away from pre-crisis standards of best funding...
Persistent link: https://www.econbiz.de/10014403688
reform experiences and analyzes regulatory and supervisory frameworks in the European Union (EU), and assessments carried out …
Persistent link: https://www.econbiz.de/10014404360
The euro area recovered from the economic doldrums. Executive Directors welcomed the recovery, supported by strong financial conditions, global growth, and improved financial positions. They encouraged the reformed Stability and Growth Pact over fiscal policies, and underscored the need for...
Persistent link: https://www.econbiz.de/10014404458
. The increase in bilateral trade was accompanied by a large bilateral EU trade deficit. China’s market share seems to have … increased mainly at the expense of other East Asian countries. EU trade with China increased at more than twice the rate of … total EU external trade, and China became the EU’s second largest trading partner …
Persistent link: https://www.econbiz.de/10014404716
This Selected Issues paper on Euro Area Policies reviews the integration of Europe’s financial markets and the challenges faced by the new European Union member states with respect to euro adoption. Markets in the Financial Instruments Directive are expected to become applicable in November...
Persistent link: https://www.econbiz.de/10014404737
This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment rates—a “wage curve” in 20 industrial countries. It reviews euro area and...
Persistent link: https://www.econbiz.de/10014404772