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Euro's influence upon trade: Rose effect versus border effect
Cafiso, Gianluca - European Central Bank - 2008
This paper assesses the Euro’s influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro’s influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro’s influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …
Persistent link: https://www.econbiz.de/10005816325
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Business cycles in the euro area
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - European Central Bank - 2009
, volatility has been historically higher and this has not changed in the last ten years. We also find that the aggregate euro area … and US observed developments. The gap between US and euro area GDP per capita level has been 30% on average since 1970 and …
Persistent link: https://www.econbiz.de/10005002776
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Trends and cycles in the euro area: how much heterogeneity and should we worry about it?
Giannone, Domenico; Reichlin, Lucrezia - European Central Bank - 2006
Not so much and we should not, at least not yet. JEL Classification: E32, C33, C53, F2, F43
Persistent link: https://www.econbiz.de/10005530759
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How flexible are real wages in EU countries? A panel investigation
Heinz, Frigyes Ferdinand; Rusinova, Desislava - European Central Bank - 2011
tends to be larger in the central and eastern European (CEE) countries than in the euro area; weaker in downturns than …
Persistent link: https://www.econbiz.de/10009210931
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Deeper, wider and more competitive? Monetary integration, Eastern enlargement and competitiveness in the European Union
Ottaviano, Gianmarco; Taglioni, Daria; di Mauro, Filippo - European Central Bank - 2007
What determines a country's ability to compete in international markets? What fosters the global competitiveness of its firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered domestic firms' competitiveness in local and global...
Persistent link: https://www.econbiz.de/10005344953
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The euro plus pact: cost competitiveness and external capital flows in the EU countries
Gabrisch, Hubert; Staehr, Karsten - European Central Bank - 2014
The Euro Plus Pact was approved by 23 EU countries in March 2011 and came into force shortly afterwards. The Pact …. The results also suggest that the measures in the Euro Plus Pact to restrain the growth of unit labour costs may not …
Persistent link: https://www.econbiz.de/10010753760
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The economic impact of the Single Euro Payments Area
Schmiedel, Heiko - European Central Bank - 2007
With the realisation of the Single Euro Payments Area (SEPA), there will be no difference in the euro area between …
Persistent link: https://www.econbiz.de/10005530669
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Trade with central and eastern Europe: Is it really a threat to wages in the west?
Polgár, Éva Katalin; Wörz, Julia - European Central Bank - 2010
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it is possible to control for unobserved heterogeneity at...
Persistent link: https://www.econbiz.de/10008645002
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Labour supply and incentives to work in Europe
Gómez Salvador, Ramón (contributor) - What explains the pattern of labour supply in Europe … - 2005
Labour Supply and Incentives to Work in Europe highlights recent developments in the labour supply in Europe and gives a detailed assessment of their link with economic policies and labour market institutions. Despite major changes in European labour supply during the past few decades, the...
Persistent link: https://www.econbiz.de/10011851054
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Current account benchmarks for central and eastern Europe: a desperate search?
Ca' Zorzi, Michele; Chudik, Alexander; Dieppe, Alistair - European Central Bank - 2009
This paper examines two competing approaches for calculating current account benchmarks, i.e. the external sustainability approach á la Lane and Milesi-Ferretti (LM) versus the structural current accounts literature (SCA) based on panel econometric techniques. The aim is to gauge the medium...
Persistent link: https://www.econbiz.de/10005344844