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Optimal central bank design : benchmarks for the ECB

Berger, Helge - 2006

The paper discusses key elements of optimal central bank design and applies its findings to the Eurosystem. A particular focus is on the size of monetary policy committees, the degree of centralization, and the representation of relative economic size in the voting rights of regional (or...

Persistent link: https://www.econbiz.de/10003304189

Has the financial crisis eroded citizens’ trust in the European Central Bank? : panel data evidence for the euro area ; 1999-2011

Roth, Felix; Gros, Daniel; Nowak-Lehmann D., Felicitas - 2012 - Revised Version: March 2012

In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a...

Persistent link: https://www.econbiz.de/10009711914

CEECs integration into regional and global production networks

Martínez-Zarzoso, Inmaculada; Voicu, Anca M.; Vidovic, … - 2011

This paper examines the involvement of the CEECs into regional and global production networks over the period 1999 to 2009. We employ a theoretically justified gravity model which incorporates the extensive margin of trade and accounts for firm heterogeneity. We first estimate the model for...

Persistent link: https://www.econbiz.de/10009126416

Has the financial crisis eroded citizens' trust in the European Central Bank? : evidence from 1999-2010

Roth, Felix; Gros, Daniel; Nowak-Lehmann D., Felicitas - 2011

Trust in the ECB has fallen to unprecedented lows in the aftermath of the financial crisis. Up to the start of the recession in 2008, trust levels in the ECB were moderately high and trust in the ECB was not affected by business cycle variables such as growth and inflation. This changed...

Persistent link: https://www.econbiz.de/10009126422

MERCOSUR-European Union Trade : how important is EU trade liberalisation for MERCOSUR's exports?

Martínez-Zarzoso, Inmaculada (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002166923

Does money matter in the ECB strategy? : New evidence based on ECB communication

Berger, Helge; Haan, Jakob de; Sturm, Jan-Egbert - 2006

We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...

Persistent link: https://www.econbiz.de/10003270661

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

Zooming out : the trade effect of the Euro in historical perspective ; presented at CESifo Area Conference on Global Economy, December 2004

Berger, Helge; Nitsch, Volker - 2005

In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by itself) to a sizable and statistically significant...

Persistent link: https://www.econbiz.de/10002798036

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

September 11th and the option value of waiting

Belke, Ansgar; Gros, Daniel - 2003

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