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EMU enlargement, inflation and adjustment of tradable goods prices: What to expect?

Maier, Philipp - de Nederlandsche Bank - 2004

Inflation differentials resulting from EMU enlargement have so far mostly been discussed within the Balassa-Samuelson framework, i.e. resulting from inflation in nontradable goods. We analyse the inflationary consequences of convergenceof tradable goods' prices. Using disaggregated price level...

Persistent link: https://www.econbiz.de/10005101836

Price convergence in Europe from a macro perspective: Trends and determinants (1960-2003)

Faber, Riemer P.; Stokman, Ad C.J. - de Nederlandsche Bank - 2004

for price convergence in Europe, especially in the 1960s and 1990s. For the DM zone convergence is found in all decades … until the German re-unification. Next to cost convergence, trade and tax harmonization, we demonstrate that exchange rate …

Persistent link: https://www.econbiz.de/10005101821

Price Convergence in Europe from a Macro Perspective: Product Categories and Reliability

Faber, Riemer P.; Stokman, Ad C.J. - de Nederlandsche Bank - 2005

In an earlier study of ours, we provided evidence of consumer price level convergence in Europe, particularly in the … HICP in the former EU-15 member states (1980-2003). We find strong price level convergence for most of the product groups …

Persistent link: https://www.econbiz.de/10005106638

Bank Competition Efficiency in Europe: A Frontier Approach

Bolt, Wilko; Humphrey, David - de Nederlandsche Bank - 2008

There are numerous ways to indicate the degree of banking competition across countries. Antitrust authorities rely on the structure-conduct-performance paradigm while academics prefer price mark-ups (Lerner index) or correlations of input costs with output prices (H-statistic). These measures...

Persistent link: https://www.econbiz.de/10005101793

Growth, Foreign Direct Investment and Urban Concentration: Unbundling Spatial Lags

Poelhekke, Steven; Ploeg, Frederick van der - de Nederlandsche Bank - 2008

Cross-country regressions suggest that urbanization and FDI are important drivers of growth However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

Persistent link: https://www.econbiz.de/10005030208

A `Global Village' without borders? International price differentials at eBay

Maier, Philipp - de Nederlandsche Bank - 2005

One of the key advances of the internet age is the increase in transparency. Does high price transparency imply that consumers in different countries pay the same price for similar goods? We compare prices for new, tradable goods sold via the internet auction site eBay. We find ample evidence...

Persistent link: https://www.econbiz.de/10005101855

The Effects of Capital Inflows in Thailand, 1980-96

Jansen, W.J. - de Nederlandsche Bank - 2000

d above may also more fully apply to the Thai case, since the experience of the other countries in the region is probably tainted by contagion effects of the Thai baht crisis (Baig and Goldfajn 1999).

Persistent link: https://www.econbiz.de/10005101945

International Rent Sharing and Domestic Labour Markets: A Macroeconomic Analysis

Jansen, W. Jos; Stokman, Ad C.J. - de Nederlandsche Bank - 2003

Foreign subsidiaries account for a significant part of output in many industrialised countries. Compared to international trade relations, however, relatively little is known about the role foreign direct investment linkages play in the transmission of disturbances from one country to the next....

Persistent link: https://www.econbiz.de/10005106749

International rent sharing and domestic labour markets: a macroeconomic analaysis

Jansen, W. Jos; Stokman, Ad C.J. - de Nederlandsche Bank - 2003

Foreign subsidiaries account for a significant part of output in many industrialised countries. However, compared to international trade, relatively little is known about the role of foreign direct investment (FDI) and multinational firm behaviour in the transmission of disturbances from one...

Persistent link: https://www.econbiz.de/10005030237

Is Eastern Europe ready for the Euro? A Cointegration Analysis for the Maastricht Criteria

Meister, I.S. - de Nederlandsche Bank - 2002

This report documents the results of cointegration analyses of the degree of convergence which the economies of the … analysis is that most of the countries in the first group entering the EU have achieved a considerable degree of convergence … the EU in the more distant future, turn out to be lagging behind in the convergence process. …

Persistent link: https://www.econbiz.de/10005021863