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Fiscal divergence and current account imbalances in Europe

Schnabl, Gunther; Wollmershäuser, Timo - 2013

Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and Northern European countries, in particular Germany,...

Persistent link: https://www.econbiz.de/10010291505

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

Di Bartolomeo, Giovanni; Engwerda, Jacob; Plasmans, Joseph - 2005

game approach of the endogenous coalition formation literature. The specific policy recommendations in the EMU context …

Persistent link: https://www.econbiz.de/10010261121

Fiscal and monetary interaction : the role of asymmetries of the stability and growth pact in EMU

Governatori, Matteo; Eijffinger, Sylvester C. W. - 2004

policy, where the main features characterising the policy-making are similar to those in EMU. National governments choose the …

Persistent link: https://www.econbiz.de/10010272870

Has the EMU reduced wage growth and unemployment? Testing a model of trade union behaviour

Mikosch, Heiner; Sturm, Jan-Egbert - 2011

(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary …. Although we come up with some weak evidence for increased business cycle amplitudes within the EMU, we neither find a … significant general effect of the EMU on wage growth nor on unemployment. …

Persistent link: https://www.econbiz.de/10010274904

What do we really know about fiscal sustainability in the EU?: a panel data diagnostic

Afonso, António; Rault, Christophe - 2008

We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel cointegration techniques developed by...

Persistent link: https://www.econbiz.de/10010264310

Pushing the limit? : fiscal policy in the European Monetary Union

Daniel, Betty Carolyn; Shiamptanis, Christos - In: Journal of economic dynamics & control 37 (2013) 11, pp. 2307-2321

Persistent link: https://www.econbiz.de/10010196884

The Euro Area Periphery Sovereigns' Fiscal Positions and Unconventional Monetary Policy

Hülsewig, Oliver - 2020

We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...

Persistent link: https://www.econbiz.de/10012843420

Designing the Policy Mix in a Monetary Union

Kempf, Hubert - 2020

This paper studies the design of the policy mix in a monetary union, that is, the institutional arrangement specifying the relationships between the various policymakers present in the union and the extent of their capacity of action. It is assumed that policymakers do not cooperate. Detailing...

Persistent link: https://www.econbiz.de/10012832189

Large-scale bond purchases in a currency union with segmentation in the market for government debt

Tischbirek, Andreas - In: Journal of economic dynamics & control 95 (2018), pp. 37-69

Persistent link: https://www.econbiz.de/10012004904

Debt and stabilization policy : evidence from a Euro Area FAVAR

Jackson, Laura; Owyang, Michael T.; Zubairy, Sarah - In: Journal of economic dynamics & control 93 (2018), pp. 67-91

Persistent link: https://www.econbiz.de/10011974466

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