Similar Search Results

Does the nominal exchange rate regime affect the real interest parity condition?

Dreger, Christian - FIW - 2010

(UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of …The real interest parity (RIP) condition combines two cornerstones in international finance, uncovered interest parity … system and the current managed float. Panel integration techniques are applied to increase the power of the tests, where …

Persistent link: https://www.econbiz.de/10008751901

Will the "Great Recession" further drift apart the competitiveness in the EU?

Breuss, Fritz - FIW - 2009

At its 10th anniversary the EMU had to stand the baptism of fire caused by the „Great Recession“ 2009. By and large it mastered this test. The introduction of the Euro, however, has brought to light the latent weaknesses in competitiveness of some member states of the Euro area, consisting...

Persistent link: https://www.econbiz.de/10005042067

Monetary and Fiscal Policy Interactions in an Emerging Open Economy: a Non-Ricardian DSGE Approach

Algozhina, Aliya - FIW - 2012

The monetary and fiscal policy interactions have gained a new research interest after the 2008 crisis due to the global increase of fiscal debt. This paper constructs a macroeconomic model of joint fiscal and monetary policy for an emerging open economy taking into account its structural...

Persistent link: https://www.econbiz.de/10010856781

Kann die neue Architektur der Europäischen Wirtschaftspolitik die Euro-Zone aus der Krise führen?

Busch, Georg M. - FIW - 2013

Europas Wirtschaft löst sich allmählich aus Rezession und Stagnation und kann für 2014-15 eine Rückkehr zu mäßigen Wachstumsraten erwarten. Die bessere Konjunktur wird jedoch weder die Folgen der vergangenen Krisen – hohe Arbeitslosigkeit und Staatsschuldenlast – beseitigen, noch ihre...

Persistent link: https://www.econbiz.de/10010856820

Effekte der österreichischen EU-Mitgliedschaft

Breuss, Fritz - FIW - 2013

Das Kernelement der Europäischen Integration, der „Binnenmarkt“, feiert heuer das 20-jährige Bestehen. Österreich hat seit dem Beitritt zur EU im Jahr 1995 an allen vertiefenden Schritten der EU-Integration teilgenommen. Nicht nur politisch ist Österreich durch die EU-Mitgliedschaft...

Persistent link: https://www.econbiz.de/10010856821

Globalisation versus Informality: Evidence from developing countries

Hanh, PHAM Thi Hong - FIW - 2011

A number of theoretical studies have tended to trace the nature of globalization process’ impacts (mostly characterised by trade opening) on informality, while relevant empirical literature has been not well developed. The paper aims to fill this knowledge gap by shedding further light on the...

Persistent link: https://www.econbiz.de/10009352079

Financial liberalization, growth, productivity and capital accumulation: The case of European integration

Gehringer, Agnieszka - FIW - 2012

In the present contribution, we concentrate on the process of financial liberalization in a specific context of European economic and monetary integration. We implement de facto and de jure measures of financial liberalization and find that formal aspects of financial openness generate a...

Persistent link: https://www.econbiz.de/10010548444

Output Volatility, Economic Growth, and Cross-Country Spillovers: New Evidence for the G7 Countries

Antonakakis, Nikolaos; Badinger, Harald - FIW - 2012

This paper considers the linkages between output growth and output volatility for the sample of G7 countries over the period 1958M2-2011M7, thereby paying particular attention to spillovers within and between countries. Using the VAR-based spillover index approach by Diebold and Yilmaz (2012),...

Persistent link: https://www.econbiz.de/10010553045

An Overhaul of a Doctrine: Has Inflation Targeting Opened a New Era in Developing-country Peggers?

Petreski, Marjan - FIW - 2010

The aim of this paper is to empirically examine the effect of a regime switch, from exchange-rate targeting (fixed exchange rate) to inflation targeting, on monetary policy in developing economies, hence adding to evidence on whether inflation targeting along with a managed float provides a...

Persistent link: https://www.econbiz.de/10008691964

International Outsourcing and Wage Rigidity: A Formal Approach and First Empirical Evidence

Horgos, Daniel - FIW - 2009

International Outsourcing effects on labor markets are mostly analyzed within flexible wage settings. Using a modern duality approach, this paper formally investigates differences occurring in industries with low skilled wage rigidity and, for the first time in literature, presents empirical...

Persistent link: https://www.econbiz.de/10005004242