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Euro effects on the intensive and extensive margins of trade
Flam, Harry (contributor); Nordström, Håkan (contributor) - 2006
Persistent link: https://www.econbiz.de/10003462081
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Was ECB's monetary policy optimal?
Breuss, Fritz - 2002
Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks whether monetary policy could not have been improved. In the last three years, Euroland was confronted with the first external shock. Oil prices increased considerably, leading to...
Persistent link: https://www.econbiz.de/10011492736
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The Greek crisis and financial assistance programmes : an evaluation
Arghyrou, Michael Georgiou - 2015
We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The crisis and the first programme's (2010-11) failure were mainly the result of misguided internal policies. The second programme (2012-14) achieved progress towards recovery but this...
Persistent link: https://www.econbiz.de/10011384358
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Central bank policies and financial markets : lessons from the Euro crisis
Mody, Ashoka; Nedeljkovic, Milan - 2018 - This version: November 20, 2018
bond markets and improved economic sentiment, as reflected in higher equity prices. In contrast, passive euro liquidity … provision and even active measures (policy rate reductions and bond market interventions) delivered modest results. Although …. Overall, the results point to the ECB's limits in helping improve financial market's sentiment. …
Persistent link: https://www.econbiz.de/10011942687
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The euro crisis and economic growth : a novel counterfactual approach
Terzi, Alessio - 2019 - This Draft: 25 June 2019
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …
Persistent link: https://www.econbiz.de/10012033212
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Tax-co-ordination in Europe : assessing the first years of the EU-savings taxation directive
Hemmelgarn, Thomas; Nicodème, Gae͏̈tan J.A. - 2009
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic...
Persistent link: https://www.econbiz.de/10003861869
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Evaluating emission trading as a policy tool : evidence from conditional jump models
Gronwald, Marc; Ketterer, Janina - 2009
This paper, first, empirically investigates European emission allowance (EUA) prices and, second, evaluates emission trading as a policy measure. Applying combined jump GARCH models yields strong evidence of conditional jump behavior. This implies that EUA prices are subject to unexpected...
Persistent link: https://www.econbiz.de/10003854402
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The European Union's potential for strategic emissions trading through minimal permit sale contracts
Eyckmans, Johan; Hagem, Cathrine - 2009
Strategic market behavior by permit sellers will harm the European Union as the EU as a whole is expected to become a … strategically in the permit market on behalf of its member states, although each member state is assumed to behave as a price taker … in the permit market. Using a stylized numerical simulation model we show that an appropriately designed permit trade …
Persistent link: https://www.econbiz.de/10003888057
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The dilemmas of tax coordination in the enlarged European Union
Brøchner, Jens; Jensen, Jesper; Svensson, Patrik; … - 2006
Persistent link: https://www.econbiz.de/10003457279
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Modelling organic farming at sector level : an application to the reformed CAP in Austria
Schmid, Erwin (contributor); Sinabell, Franz (contributor) - 2007
Persistent link: https://www.econbiz.de/10003466921