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What do we really know about fiscal sustainability in the EU? : a panel data diagnostic
Afonso, António (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003641707
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Asset price shocks, real expenditures, and financial structure : a multi-country analysis
Chirinko, Robert S. (contributor); Haan, Leo de (contributor) - 2008
This paper examines the responses of private consumption, residential investment, and business investment in 11 EU countries, Japan, and the United States to shocks in housing and equity prices. The effects are assessed with a Structural Vector Auto Regressive (SVAR) model, and four key findings...
Persistent link: https://www.econbiz.de/10003730274
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Labour market institutions and their effect on labour market performance in the new EU member countries
Fialová, Kamila (contributor);  … - 2008
This article focuses on the role of labour market institutions in explaining different labour market developments in European countries, with a special attention to the new European Union member countries. This may allow us to analyse effects of various institutional setups and of their changes...
Persistent link: https://www.econbiz.de/10003763951
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Voting in the European Union : Central Europe's lost voice
Schneider, Ondřej (contributor) - 2008
Ten Central European countries became members of the European Union in the years 2004 - 2007. They constitute 20% of the EU's total population; and even though their economic output is much lower, it rises dynamically. New members' impact on the EU policies has nevertheless been limited. This is...
Persistent link: https://www.econbiz.de/10003790698
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The ECB's enhanced credit support : keynote address at the Univ. of Munich, 13 July 2009
Trichet, Jean-Claude - 2009
Persistent link: https://www.econbiz.de/10003897431
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Monetary policy transmission and house prices : European cross-country evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 19952006 to generate impulse responses of key macroeconomic variables to a monetary policy...
Persistent link: https://www.econbiz.de/10003872444
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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
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Does ECB communication help in predicting its interest rate decisions?
Jansen, David-Jan (contributor); Haan, Jakob de (contributor) - 2006
Persistent link: https://www.econbiz.de/10003377200
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EU banks rating assignments : is there heterogeneity between new and old member countries?
Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - 2010
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones are assigned lower ratings, ceteris paribus, than "old" ones. We...
Persistent link: https://www.econbiz.de/10003974520
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Fiscal and migration competition
Razin, Asaf; Tsadḳah, Efrayim - 2010
It is often argued that tax competition may lead to a 'race to the bottom'. This result may indeed hold in the case of … importantly also by the benefits that the welfare state provides. The paper analyzes fiscal competition with and without migration … productivity) engage in fiscal competition. Using numerical simulations we examine how the migration and tax policies are shaped …
Persistent link: https://www.econbiz.de/10003974528