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between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The … balances. -- Budget balance ; external balance ; EU ; panel cointegration …
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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 …
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-term yields ; EU ; financial integration ; panel cointegration ; bootstrap …
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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