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Konvergenzbericht

European Monetary Institute; European Central Bank - Frankfurt, M. : EZB - 1998; 2000 -

Persistent link: https://www.econbiz.de/10004328881

Information guide for credit institutions using target

2000

Persistent link: https://www.econbiz.de/10004612073

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

Exchange rates and fundamentals: new evidence from real-time data

Ehrmann, Michael; Fratzscher, Marcel - European Central Bank - 2004

This paper analyses the link between economic fundamentals and exchange rates by investigating the importance of real-time data. We find that such economic news in the United States, Germany and the euro area have indeed been a driving force behind daily US dollar – euro/DEM exchange rate...

Persistent link: https://www.econbiz.de/10005070386

Convergence and anchoring of yield curves in the euro area

Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - European Central Bank - 2007

using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU … substantial increase in the anchoring of long-term inflation expectations since EMU, particularly for Italy and Spain, which since …

Persistent link: https://www.econbiz.de/10005530722

Bond markets and long-term interest rates in non-euro area member states of the European Union and in accession states

European Central Bank - 2004

The ECB has an obligation to provide statistical information of the highest quality to the public and this third edition of the publication u0093Bond markets and long-term interest rates in non-euro area Member States of the European Union and in accession countriesu0094 serves to contribute to...

Persistent link: https://www.econbiz.de/10009636827

Have euro area and EU economic governance worked? Just the facts

Ioannou, Demosthenes; Stracca, Livio - European Central Bank - 2011

We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact and the Lisbon Strategy, have had any impact on macroeconomic outcomes. We test this proposition using a difference-in-difference approach on a panel of over 30 countries, some...

Persistent link: https://www.econbiz.de/10009024967

Medium run redux: technical change, factor shares and frictions in the euro area

McAdam, Peter; Willman, Alpo - European Central Bank - 2008

We develop a framework for analyzing “medium-run” departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking “directed” technical change) with a below-unitary substitution elasticity coupled with...

Persistent link: https://www.econbiz.de/10005816307

The reform and implementation of the Stability and Growth Pact

Morris, Richard; Ongena, Hedwig; Schuknecht, Ludger - European Central Bank - 2006

threaten the smooth functioning of Economic and Monetary Union (EMU). Ideally, fiscal rules should combine characteristics such …-based framework for fiscal polices in EMU. However, the implementation of the Pact was less than fully satisfactory. One year ago, the …

Persistent link: https://www.econbiz.de/10005344800

EMU and the adjustment to asymmetric shocks: the case of Italy

Amisano, Gianni; Giammarioli, Nicola; Stracca, Livio - European Central Bank - 2009

In this paper we address the question on whether EMU has amplified or dampened intra euro area divergencies, by looking … to 2009. Our main result is that EMU does not appear to have materially changed the transmission mechanism of … idiosyncratic monetary shocks. The net effect of EMU, therefore, has been to reduce the relative performance variability. The …

Persistent link: https://www.econbiz.de/10008502692

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