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Cross-country insurance mechanisms in currency unions
Beers, Nancy van; Bijlsma, Michiel J.; Zwart, Gijsbert T. J. - 2014
Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union a number of relevant mechanisms suggested by Mundell’s optimal currency area theory, and compare them to the United States. For this purpose, we...
Persistent link: https://www.econbiz.de/10010354695
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Regional currency arrangements : insights from Europe
Christl, Josef - 2006
Persistent link: https://www.econbiz.de/10003340416
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The relative importance of symmetric and asymmetric shocks : the case of United Kingdom and euro area
Peersman, Gert - 2007
Persistent link: https://www.econbiz.de/10003511397
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The Euro Crisis and Economic Growth : A Novel Counterfactual Approach
Terzi, Alessio - 2019
warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone's specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012866042
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Transmission of business cycle shocks between the US and the euro area
Schneider, Martin; Fenz, Gerhard - 2008
Persistent link: https://www.econbiz.de/10003773540
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Proposal for a common currency among rich democracies
Cooper, Richard N. - 2006
Persistent link: https://www.econbiz.de/10003340384
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Interaction between US and EU monetary policy
Heimonen, Kari - 1999
Persistent link: https://www.econbiz.de/10001372406
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The Global Financial Cycle and Capital Flow Episodes : A Wobbly Link?
Scheubel, Beatrice - 2019
We add to the literature on the influence of the global financial cycle (GFC) and gyrations in capital flows. First, we build a new measure of the GFC based on a structural factor approach, which incorporates theoretical priors in its definition. This measure can also be decomposed in a...
Persistent link: https://www.econbiz.de/10012858195
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From the Investment Plan to the Capital Markets Union : European financial structure and cross border risk-sharing
Berg, Jesper; Clerc, Laurent; Garnier, Olivier; … - 2015
Persistent link: https://www.econbiz.de/10011506287
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International Food Commodity Prices and Missing (Dis)Inflation in the Euro Area
Peersman, Gert - 2019
This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics using a structural VAR model that is identified with an external instrument (i.e. a series of global harvest shocks). The results reveal that exogenous food commodity price...
Persistent link: https://www.econbiz.de/10012892245