Showing 1 - 10 of 40
Persistent link: https://www.econbiz.de/10003641707
period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based … budget deficits to current account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France … deficit ; external imbalance ; real exchange rates ; EU ; OECD …
Persistent link: https://www.econbiz.de/10003818006
-term yields ; EU ; financial integration ; panel cointegration ; bootstrap …
Persistent link: https://www.econbiz.de/10008732265
Persistent link: https://www.econbiz.de/10003594092
Persistent link: https://www.econbiz.de/10003594241
Persistent link: https://www.econbiz.de/10009575314
This paper quantifies the welfare differences among a monetary union, flexible exchange rates (economic disintegration) and a monetary plus fiscal transfer union (higher economic integration). The vehicle of analysis is a medium-scale New Keynesian DSGE model consisting of two heterogeneous...
Persistent link: https://www.econbiz.de/10011430977
Persistent link: https://www.econbiz.de/10009788857
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about...
Persistent link: https://www.econbiz.de/10011506467
10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …
Persistent link: https://www.econbiz.de/10011508110