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Current account adjustment in EU countries : does euro-area membership make a difference?

Herrmann, Sabine; Jochem, Axel - 2013

The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and members of a monetary union. In addition, we model the...

Persistent link: https://www.econbiz.de/10010211960

Channels of risk sharing in the eurozone : what can banking and capital market union achieve?

Hoffmann, Mathias; Maslov, Egor; Sørensen, Bent E.; … - In: IMF economic review 67 (2019) 3, pp. 443-495

Persistent link: https://www.econbiz.de/10012241630

Rebalancing the euro area : is wage adjustment in Germany the answer?

Hoffmann, Mathias; Kliem, Martin; Krause, Michael; … - 2020

We assess to what extent wage inflation policies in Germany could contribute to an economic rebalancing in the euro … and output in Germany and the rest of the euro area. The duration of constant interest rates and expectations about the … consists of Germany, the rest of the euro area, and the rest of the world. …

Persistent link: https://www.econbiz.de/10012184056

Forceful or persistent : wow the ECB's new inflation target affects households' inflation expectations

Hoffmann, Mathias; Mönch, Emanuel; Pavlova, Lora; … - 2023

We study how households adjust their medium-term inflation expectations under the new ECB strategy. We find that survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a symmetric 2% target. Yet,...

Persistent link: https://www.econbiz.de/10014391441

Determinants of TARGET2 transactions of European banks based on micro-data

Drott, Constantin; Goldbach, Stefan; Jochem, Axel - 2022

Germany and the rest of the euro area. Using data from the German component of Eurosystem's real-time gross settlement system …

Persistent link: https://www.econbiz.de/10013411245

Transmission of global financial shocks to EMU member states : the role of monetary policy and national factors

Gelman, Maria; Jochem, Axel; Reitz, Stefan - 2016

commercial banks to the Eurosystem's open market operations in conjunction with the redistribution of liquidity via the TARGET …

Persistent link: https://www.econbiz.de/10011495568

Die internationale Integration der Geldmärkte in den mittel- und osteuropäischen Beitrittsländern: Abweichungen von der gedeckten Zinsparität, Kapitalverkehrskontrollen und Ineffiz...

Herrmann, Sabine; Jochem, Axel - 2003

Republik, Ungarn und der Slowakei inzwischen einen hohen Grad an internationaler Integration mit dem Euro-Raum aufweisen. Die …, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration …

Persistent link: https://www.econbiz.de/10010295753

The international integration of money markets in the central and east European accession countries: deviations from covered interest parity, capital controls and inefficiencies in...

Jochem, Axel; Herrmann, Sabine - 2003

, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration … Republik, Ungarn und der Slowakei inzwischen einen hohen Grad an internationaler Integration mit dem Euro-Raum aufweisen. Die …

Persistent link: https://www.econbiz.de/10010295754

Die internationale Intregration der Devisenmärkte in den mittel- und osteuropäischen Beitrittsländern: Spekulative Effizienz, Transaktionskosten und Wechselkursprämien

Herrmann, Sabine; Jochem, Axel - 2003

Kassakursen gegenüber dem Euro nachgewiesen werden. Ökonometrische Untersuchungen bestätigen die Existenz einer zeitvariablen … der Festlegung des Leitkurses gegenüber dem Euro. … republic was unable to identify a cointegration relationship between forward and spot rates against the euro for the period …

Persistent link: https://www.econbiz.de/10010295755

The international integration of foreign exchange markets in the central and east European accession countries: speculative efficiency, transaction costs and exchange rate premiums

Herrmann, Sabine; Jochem, Axel - 2003

republic was unable to identify a cointegration relationship between forward and spot rates against the euro for the period … rate against the euro. … Kassakursen gegenüber dem Euro nachgewiesen werden. Ökonometrische Untersuchungen bestätigen die Existenz einer zeitvariablen …

Persistent link: https://www.econbiz.de/10010295756