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Production networks in Europe : a natural experiment of the EU enlargement to the east

Martínez-Zarzoso, Inmaculada; Voicu, Anca M.; Vidovic, … - 2020

find that the effect of the 2004 EU enlargement has been positive for both intermediate and final goods trade, and it is in …

Persistent link: https://www.econbiz.de/10012197601

Statements of ECB officials and their effect on the level and volatility of the Euro-Dollar exchange rate

Jansen, David-Jan; Haan, Jakob de - 2003

This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We find that the Bundesbank has dominated the news...

Persistent link: https://www.econbiz.de/10001753630

One size must fit all national devergences in a monetary union

Gros, Daniel; Hefeker, Carsten - 2000

decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates …

Persistent link: https://www.econbiz.de/10001524212

Monetary and fiscal policy design under EMU: a dynamic game approach

Aarle, Bas van (contributor) - 2000

This paper analyses the problem of designing macroeconomic stabilization policies within the European Monetary Union (EMU) as a dynamic game between a centralized monetary authority, the European Central Bank (ECB), and national fiscal policy makers. Non-cooperative feedback Nash equilibrium and...

Persistent link: https://www.econbiz.de/10001473958

Restructuring the ECB

Berger, Helge; Haan, Jakob de; Inklaar, Robert - 2003

Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...

Persistent link: https://www.econbiz.de/10001913438

September 11th and the option value of waiting

Belke, Ansgar; Gros, Daniel - 2003

Persistent link: https://www.econbiz.de/10001780964

Macroeconomic stabilization policies in the EMU : spillovers, asymmetries, and institutions

Di Bartolomeo, Giovanni; Engwerda, Jacob Christiaan; … - 2005

This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation...

Persistent link: https://www.econbiz.de/10002658217

Asymmetries in the Trans-Atlantic monetary policy relationship : does the ECB follow the Fed? ; presented at CESifo Area Conference on Macro, Money and International Finance, Febru...

Belke, Ansgar; Gros, Daniel - 2005

The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...

Persistent link: https://www.econbiz.de/10002658281

Turkey and the Ankara treaty of 1963 : what can trade integration do for Turkish exports?

Nowak-Lehmann D., Felicitas; Herzer, Dierk; … - 2005

This paper investigates the trade effects of Turkey’s trade integration into the EU. To this end sectoral trade flows … to the EU based on panel data from the period 1988 to 2002 are examined concentrating on Turkey's sixteen most important … export sectors. Emphasis is placed on the role of price competition, EU protection, and transport costs in the export trade …

Persistent link: https://www.econbiz.de/10002846553

Look who's talking : ECB communication during the first years of EMU

Jansen, David-Jan; Haan, Jakob de - 2004

This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic and Monetary Union. We study whether statements by different (groups of) central bankers have been contradictory and whether differences have diminished over time. We find that...

Persistent link: https://www.econbiz.de/10002388561