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DSGE models and their use at the ECB
Smets, Frank; Christoffel, Kai; Coenen, Günter; Motto, … - In: SERIEs - Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 51-65
description of the two main aggregate euro area models at the ECB. Both models share a common core but their detailed … block, which is useful for conditioning the euro area projections on assumptions about foreign economic activity, prices and …
Persistent link: https://www.econbiz.de/10010317065
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Spain in the euro: A general equilibrium analysis
Andrés, Javier; Hurtado, Samuel; Ortega, Eva; Thomas, … - In: SERIEs - Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 67-95
description of the two main aggregate euro area models at the ECB. Both models share a common core but their detailed … block, which is useful for conditioning the euro area projections on assumptions about foreign economic activity, prices and …
Persistent link: https://www.econbiz.de/10010317112
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Comment on 'Spain in the euro: a general equilibrium analysis' by Andrés, Hurtado, Ortega and Thomas
Vázquez, Jesús - In: SERIEs - Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 97-99
Persistent link: https://www.econbiz.de/10010317140
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The drivers of housing cycles in Spain
Aspachs-Bracons, Oriol; Rabanal, Pau - In: SERIEs - Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 101-130
In the last 15 years, Spain has witnessed a large increase in housing prices and in the importance of the housing sector, which has refreshed the debate on the drivers of housing cycles. Since Spain joined the European Monetary Union (EMU), twomain important factors behind the housing boom...
Persistent link: https://www.econbiz.de/10010317123
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Identifying effective combinations of economic policy measures for the coronavirus recession in Europe
Bernoth, Kerstin; Clemens, Marius; Dany-Knedlik, Geraldine - In: DIW Weekly Report 10 (2020) 23, pp. 263-273
governments in the euro area enacted or announced numerous economic policy measures to counteract the severe economic consequences …
Persistent link: https://www.econbiz.de/10012250687
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ECB policy facilitating corporate financing in the green bond market
Bremus, Franziska; Schütze, Franziska; Zaklan, Aleksandar - In: DIW Weekly Report 11 (2021) 22, pp. 147-154
The green bond market has grown strongly in recent years, especially in the euro area. With regard to the European …
Persistent link: https://www.econbiz.de/10012590711
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Labor-intensive firms are a catalyst for monetary policy and its distributive effects
Fritsche, Jan Philipp - In: DIW Weekly Report 11 (2021) 35/36, pp. 261-266
distributive effect between workers and shareholders. Balance sheet data from over two million companies in the euro area show that … increases. Heterogeneity of the companies can lead to asymmetries in the transmission of monetary policy in the euro area … help monetary policy affect the whole euro area more evenly. …
Persistent link: https://www.econbiz.de/10012658060
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Inflation in the euro area: Factors mostly have only a temporary effect, but risk of prolonged elevated inflation remains
Bernoth, Kerstin; Ider, Gökhan - In: DIW Weekly Report 11 (2021) 41/42, pp. 315-323
Headline inflation in the euro area jumped to more than three percent in the summer after years of relatively low … indications that inflation in the euro area will remain elevated in the coming months. This report analyzes the factors that could …
Persistent link: https://www.econbiz.de/10012745527
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Policy responses to Turkey's crisis: Independent central bank and international credit
Kriwoluzky, Alexander; Rieth, Malte - In: DIW Weekly Report 8 (2018) 38/39, pp. 355-363
The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors' loss of confidence, the cost of external financing is likely to rise while consumption and investment will fall, and the Turkish lira would depreciate...
Persistent link: https://www.econbiz.de/10011913043
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A sustainable development of inflation in euro area requires continuously improving labor market
Dany-Knedlik, Geraldine - In: DIW Weekly Report 8 (2018) 43, pp. 429-437
In the past five years, the inflation in the euro area has been well below the European Central Bank's (ECB) aimed … crude oil prices were responsible. In the middle of this year euro area price development picked up again. At its meeting in …
Persistent link: https://www.econbiz.de/10011920865