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Disaggregating Okun's law : decomposing the impact of the expenditure components of GDP on euro area unemployment; N°1747, December 2014
Anderton, Robert (contributor); Aranki, Ted (contributor);  … - European Central Bank - 2014
This paper examines the usefulness of the Okun relationship as a "rule of thumb" for predicting changes in unemployment, as a result of changes in output. It argues that a disaggregated version of the Okun relationship - making use of the differential reaction of unemployment to changes in the...
Persistent link: https://www.econbiz.de/10015301928
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Do professional forecasters behave as if they believed in the new Keynesian Phillips Curve for the euro area?
López-Pérez, Víctor (contributor) - European Central Bank - 2015
forecasts that are consistent with a (mostly forward-looking) New Keynesian Phillips Curve for the euro area. The estimation … results suggest that euro-area inflation forecasts have reacted less to unemployment forecasts after the start of the … financial crisis but another cost measure (energy inflation) remains significant. This finding is consistent with a flatter …
Persistent link: https://www.econbiz.de/10015298680
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What has driven inflation dynamics in the Euro area, the United Kingdom and the United States
Melolinna, Marko (contributor) - European Central Bank - 2015
This paper studies factors behind inflation dynamics in the euro area, the UK and the US. It introduces a factor … inflation in the three economies. The FAVAR model framework is also applied to study the effects on inflation subcomponents in … the more recent past. The FAVAR models suggest that headline inflation in the three economies has reacted in a relatively …
Persistent link: https://www.econbiz.de/10015299048
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Credit supply dynamics and economic activity in euro area countries : a time-varying parameter var analysis; N°1714, August 2014
Bijsterbosch, Martin (contributor);  … - European Central Bank - 2014
Persistent link: https://www.econbiz.de/10015301872
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Structural features of distributive trades and their impact on prices on the euro area
European Central Bank - 2011
consumers and price determination. In addition, these may have implications for the measurement of consumer prices and inflation …
Persistent link: https://www.econbiz.de/10015308961
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Inflation and unemployment in Europe : ECB Forum on central banking : 21-23 May 2015, Sintra, Portugal : conference proceedings
European Central Bank - 2015
The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...
Persistent link: https://www.econbiz.de/10015297743
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Inflation and unemployment in Europe : ECB Forum on central banking : 21-23 May 2015, Sintra, Portugal : conference proceedings
European Central Bank - 2015
The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...
Persistent link: https://www.econbiz.de/10015297754
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Eurosystem's SEPA expectations
European Central Bank - 2009
Persistent link: https://www.econbiz.de/10015312020
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The great supply shock and the euro area, viewed through a suite of supply indices
Labhard, Vincent (contributor);  … - European Central Bank - 2025
This paper examines the great supply shock following the pandemic and the invasion of Ukraine, using a novel suite of supply indices. The suite has indices for the euro area total economy, euro area industries, sectors and countries. The suite also computes the contributions to the indices from...
Persistent link: https://www.econbiz.de/10015322771
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Immigrants and the distribution of income and wealth in the euro area : first facts and implications for monetary policy
Dossche, Maarten (contributor);  … - European Central Bank - 2023
We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their country of residence ("natives") vs. those born in other EU and non- EU countries ("immigrants"). The differences in wealth are more substantial than the differences in wages...
Persistent link: https://www.econbiz.de/10015322472