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Economic geography within and between European nations : the role of market potential and density across space and time

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2009

In explaining the uneven spatial distribution of economic activity, urban economics and new economic geography (NEG) dominate recent research in economics. A main difference between these two approaches is that NEG stresses the role of spatial linkages whereas urban economics does not do so. We...

Persistent link: https://www.econbiz.de/10003850511

Does central bank communication really lead to better forecasts of policy decisions? : new evidence based on a Taylor rule model for the ECB

Sturm, Jan-Egbert; Haan, Jakob de - 2009

Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the information provided by a Taylor rule model in which...

Persistent link: https://www.econbiz.de/10003872830

Adding geography to the new economic geography

Bosker, Maarten; Brakman, Steven; Garretsen, Harry; … - 2007

Persistent link: https://www.econbiz.de/10003498831

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

Berger, Helge (contributor); Haan, Jakob de (contributor); … - 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/10003300988

Market liberalization in the European natural gas market : the importance of capacity constraints and efficiency differences

Brakman, Steven; Marrewijk, Charles van; … - 2009

In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...

Persistent link: https://www.econbiz.de/10003857130

The positive border effect of EU integration

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van; … - 2011

, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration … that go along with EU integration along the border. Both at the urban and regional level, we find a beneficial influence of … the EU integration process as measured by the growth in population share along the integration borders, leading to an …

Persistent link: https://www.econbiz.de/10009009598

Equity price dynamics before and after the introduction of the euro : a note

Cheung, Yin-Wong; Westermann, Frank - 2001

Daily data from the German and U.S. equity markets before and after the introduction of the Euro are used to study the effect of exchange rate regime choices on equity markets. It is found that, since the introduction of the Euro, the volatility and the persistence of the German stock index have...

Persistent link: https://www.econbiz.de/10011397990

Convergence of monetary transmission in EMU new evidence

Toolsema-Veldman, Linda Adriana; Sturm, Jan-Egbert; … - 2001

This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the Netherlands and Spain, and the sample period is 1980-2000. We...

Persistent link: https://www.econbiz.de/10011398432

Why has the Euro been falling?

Sinn, Hans-Werner; Westermann, Frank - 2001

This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...

Persistent link: https://www.econbiz.de/10011398903

Reconciling insurance with market discipline : a blueprint for a European fiscal union

Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016

This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...

Persistent link: https://www.econbiz.de/10011431564