Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10010441770
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four...
Persistent link: https://www.econbiz.de/10012170132
bimetallism, id est, a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between … France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked … accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France …
Persistent link: https://www.econbiz.de/10012009318
The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10001753573
, this will be illustrated for the cases of France, Germany, Italy, Japan, Sweden, …
Persistent link: https://www.econbiz.de/10001731791
, Spain, France, Switzerland and Germany. We then draw conclusions, how the market for insurance against natural disasters …
Persistent link: https://www.econbiz.de/10001818027
A strand of exchange rate models postulate exchange rate fluctuations are driven by saddle-path dynamics and the related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle-path, and stationarity dynamics. Monte Carlo results...
Persistent link: https://www.econbiz.de/10001914194
This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo's World Economic Survey to answer questions on the importance and...
Persistent link: https://www.econbiz.de/10002175358
whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the …
Persistent link: https://www.econbiz.de/10001597624
Persistent link: https://www.econbiz.de/10009424829