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Monetary transmission in the West-African monetary union
P.M.J.O.K. Compernolle. - de Nederlandsche Bank - 1998
This report investigates monetary transmission in a monetary union of developing countries (West-African monetary union or Communauté Financière Africaine, CFA). This requires existing monetary transmission models to be adapted. Three econometric methods are applied to assess the impact of...
Persistent link: https://www.econbiz.de/10005101882
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Real Exchange Rate and Current Account Dynamics with Sticky Prices and Distortionary Taxes
Lim, Guay C.; McNelis, Paul D. - de Nederlandsche Bank - 2005
This paper examines the interaction of real exchange rates and current account movements in open economies subject to monopolistic competition with sticky price-setting behavior and distortionary taxes. We find that the correlations between fiscal balances and the current account depend on the...
Persistent link: https://www.econbiz.de/10005106657
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Eurodynamics in the Netherlands: results of the seventh DNB euro survey
Roszbach, K.F.; Stokman, A.C.J. - de Nederlandsche Bank - 1998
This survey, which was conducted in September 1998, shows that the degree of acceptance of the Euro has grown to 78% among the public and 94% among businesses. Merely a quarter of the public is aware, however, of the starting year of the EMU, compared to 70% among large enterprises and 40 %...
Persistent link: https://www.econbiz.de/10005101868
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Immigratie vanuit historisch en economisch perspectief
Bosman, R.A.J. - de Nederlandsche Bank - 2003
This paper provides a survey of the economic literature on immigration. We first give an impression of immigration in the Netherlands in 1500-1960, followed by a discussion of the long term economic consequences of the mass migration preceding Word War I. We then discuss some literature which...
Persistent link: https://www.econbiz.de/10005030242
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Global liquidity regulation - Why did it take so long?
Bonner, Clemens; Hilbers, Paul - de Nederlandsche Bank - 2015
regulating capital is associated with declining liquidity uffers. The interaction of liquidity regulation and monetary policy as …
Persistent link: https://www.econbiz.de/10011127195
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The Volatility Curse: Revisiting the Paradox of Plenty
Ploeg, Frederick van der; Poelhekke, Steven - de Nederlandsche Bank - 2009
dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth …
Persistent link: https://www.econbiz.de/10005106643
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Trade Spillovers of Fiscal Policy in the European Union: A Panel Analysis
Beetsma, Roel; Giuliodori, Massimo; Klaassen, Franc - de Nederlandsche Bank - 2005
We explore the international spillovers from fiscal policy shocks via trade in Europe. A fiscal expansion stimulates …
Persistent link: https://www.econbiz.de/10005021822
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The sustainability of euro area debt: a re-assessment
Wierts, Peter - de Nederlandsche Bank - 2007
This paper re-assesses findings of the literature that the systematic debt stabilising response in fiscal policy has … standard approach to the specific context of Economic and Monetary Union. Results show that before 1993 policy responses …
Persistent link: https://www.econbiz.de/10005021825
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Did fiscal policy makers know what they were doing? Reassessing fiscal policy with real-time data
Bernoth, Kerstin; Hallet, Andrew Hughes; Lewis, John - de Nederlandsche Bank - 2008
Empirical fiscal policy reaction functions based on ex post data cannot be said to describe fiscal policymakers … policymakers were trying to do requires real time data. This paper compares fiscal policy reaction functions for 14 European … and develop a new approach to estimate the automatic and discretionary fiscal policy responses to changing economic …
Persistent link: https://www.econbiz.de/10005021848
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Interdependence of Fiscal Debts in EMU
Demertzis, Maria; Viegi, Nicola - de Nederlandsche Bank - 2011
We use an overlapping generations model to show that a bail-out is the optimal response to a fiscal crisis when the level of integration in a Monetary Union is high and the departure from Ricardian equivalence is significant. As it may not be optimal expost, the no bail-out rule is not credible...
Persistent link: https://www.econbiz.de/10009275472