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Current account adjustment in EU countries : does euro-area membership make a difference?
Herrmann, Sabine; Jochem, Axel - 2013
The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and members of a monetary union. In addition, we model the...
Persistent link: https://www.econbiz.de/10010211960
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Channels of risk sharing in the eurozone : what can banking and capital market union achieve?
Hoffmann, Mathias; Maslov, Egor; Sørensen, Bent E.; … - In: IMF economic review 67 (2019) 3, pp. 443-495
Persistent link: https://www.econbiz.de/10012241630
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Rebalancing the euro area : is wage adjustment in Germany the answer?
Hoffmann, Mathias; Kliem, Martin; Krause, Michael; … - 2020
We assess to what extent wage inflation policies in Germany could contribute to an economic rebalancing in the euro … and output in Germany and the rest of the euro area. The duration of constant interest rates and expectations about the … consists of Germany, the rest of the euro area, and the rest of the world. …
Persistent link: https://www.econbiz.de/10012184056
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The role of global financial conditions for credit supply in EMU periphery countries
Jochem, Axel; Reitz, Stefan - In: Applied economics letters 24 (2017) 10/12, pp. 727-731
Persistent link: https://www.econbiz.de/10011714172
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Forceful or persistent : wow the ECB's new inflation target affects households' inflation expectations
Hoffmann, Mathias; Mönch, Emanuel; Pavlova, Lora; … - 2023
We study how households adjust their medium-term inflation expectations under the new ECB strategy. We find that survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a symmetric 2% target. Yet,...
Persistent link: https://www.econbiz.de/10014391441
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Determinants of TARGET2 transactions of European banks based on micro-data
Drott, Constantin; Goldbach, Stefan; Jochem, Axel - 2022
Germany and the rest of the euro area. Using data from the German component of Eurosystem's real-time gross settlement system …
Persistent link: https://www.econbiz.de/10013411245
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Transmission of global financial shocks to EMU member states : the role of monetary policy and national factors
Gelman, Maria; Jochem, Axel; Reitz, Stefan - 2016
commercial banks to the Eurosystem's open market operations in conjunction with the redistribution of liquidity via the TARGET …
Persistent link: https://www.econbiz.de/10011495568