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The Transmission Mechanism of Monetary Policy in Europe : Evidence from Banks' Balance Sheets

Favero, Carlo A. - 1999

Available studies on asymmetries in the monetary transmission mechanism within Europe are invariably based on macro-economic evidence: such evidence is abundant but often contradictory. This paper takes a different route by using micro-economic data. We use the information contained in the...

Persistent link: https://www.econbiz.de/10012471558

Hysteresis and the European Unemployment Problem

Blanchard, Olivier J. - 1986

Persistent link: https://www.econbiz.de/10012477122

Pricing to Market when the Exchange Rate Changes

Krugman, Paul - 1986

It has been widely remarked that US import prices have not fully reflected movements in the exchange rate. This paper begins with an investigation of the actual extent of "pricing to market" by foreign suppliers. It shows that pricing to market is a real phenomenon, but not universal; in...

Persistent link: https://www.econbiz.de/10012477148

Estimates of the Value of Patent Rights in European Countries During thePost-1950 Period

Schankerman, Mark - 1985

This paper examines the distribution of the values of patent rights in the United Kingdom, France, and Germany during the post-1950 period. These values are inferred from the behavior of patentees with respect to payment of renewal fees on their patents. A simple economic model of renewal...

Persistent link: https://www.econbiz.de/10012477430

Trade and Structural Interdependence Between the U.S. and the NICs

Branson, William H. - 1984

During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....

Persistent link: https://www.econbiz.de/10012477813

MPC Heterogeneity in Europe : Sources and Policy Implications

Ampudia, Miguel - 2018

This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand the sources of the differences in these choices and their implications for the impact of monetary policy on consumption. The estimation of key parameters uses a simulated method...

Persistent link: https://www.econbiz.de/10012480733

Do Enlarged Fiscal Deficits Cause Inflation : The Historical Record

Bordo, Michael D. - 2020

In this paper we survey the historical record for over two centuries on the connection between expansionary fiscal policy and inflation. As a backdrop, we briefly lay out several theoretical approaches to the effects of fiscal deficits on inflation: the earlier Keynesian and monetarist...

Persistent link: https://www.econbiz.de/10012482414

Chinese Firm and Industry Reactions to Antidumping Initiations and Measures

Li, Chunding - 2010

antidumping actions against China from developed and developing countries, US and EU to compare their different effects. We find … industry reactions to antidumping actions by the US and EU are the same as for other developed countries, but the effects of US … actions are larger. US antidumping actions have more impact than EU's on firm numbers, employees and exports, and EU …

Persistent link: https://www.econbiz.de/10012462211

Automatic Stabilizers and Economic Crisis : US vs. Europe

Dolls, Mathias - 2010

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …

Persistent link: https://www.econbiz.de/10012462382

Fiscal and Migration Competition

Razin, Assaf - 2010

The paper models the host country stylistically as a member of the core of an economic union (i.e., a core EU welfare …. The source country is modeled as an accession country to an economic union (i.e., through the EU enlargement treaty), with …

Persistent link: https://www.econbiz.de/10012462431