Narrow search
Showing 1 - 10 of 1,454
Cover Image
Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union
Schnabl, Gunther; Zemanek, Holger - 2010
spending, Germany is urged to reduce its current account surplus by increasing wages to forestall a new build-up of …
Persistent link: https://www.econbiz.de/10008798227
Cover Image
Optimal central bank design : benchmarks for the ECB
Berger, Helge (contributor) - 2006
The paper discusses key elements of optimal central bank design and applies its findings to the Eurosystem. A particular focus is on the size of monetary policy committees, the degree of centralization, and the representation of relative economic size in the voting rights of regional (or...
Persistent link: https://www.econbiz.de/10003301388
Cover Image
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
Cover Image
Convergence of monetary transmission in EMU new evidence
Toolsema-Veldman, Linda Adriana; Sturm, Jan-Egbert; … - 2001
whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the …
Persistent link: https://www.econbiz.de/10011398432
Cover Image
Ordoliberalism, pragmatism and the Eurozone crisis : how the German tradition shaped economic policy in Europe
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015 - This version: May 18, 2015
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies …
Persistent link: https://www.econbiz.de/10010528303
Cover Image
Assessing the macroeconomic forecasting performance of boosting : evidence for the United States, the Euro Area, and Germany
Buchen, Teresa; Wohlrabe, Klaus - 2013
to the fit. Using data for the United States, the euro area and Germany, we assess the performance of boosting when …
Persistent link: https://www.econbiz.de/10009721997
Cover Image
Seignorage wealth in the Eurosystem : eurowinners and eurolosers revisited
Sinn, Hans-Werner; Feist, Holger - 2000
wealth equivalents and anticipating the Greek participation, Germany will lose 30 billion (or 59 billion deutschmarks) and …
Persistent link: https://www.econbiz.de/10009781634
Cover Image
The euro exchange rate and Germany's trade surplus
Hohberger, Stefan; Ratto, Marco; Vogel, Lukas - 2019
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
Cover Image
Differences in euro-area household finances and their relevance for monetary-policy transmission
Hintermaier, Thomas; Koeniger, Winfried - 2018
prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …
Persistent link: https://www.econbiz.de/10011863469
Cover Image
The effects of monetary policy surprises and fiscal sustainability regimes in the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
projection model for the Euro Area (aggregate data), Germany, Italy, and Portugal, we analyze the interaction between both …
Persistent link: https://www.econbiz.de/10014313459