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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

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

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

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

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

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

Would households understand average inflation targeting?

Hoffmann, Mathias; Pavlova, Lora; Mönch, Emanuel; … - 2022

Yes, they would. In a randomized control trial, we provide groups of respondents from the Bundesbank Online Panel Households with information about a hypothetical alternative ECB monetary policy regime akin to the Federal Reserve’s flexible average inflation targeting (AIT). Inflation...

Persistent link: https://www.econbiz.de/10013205445

Energy market projections and differentiated carbon abatement in the European Union

Böhringer, Christoph - 1999

We analyze the economic effects of the differentiated targets for carbon abatement in six European Union member states. Our recursively-dynamic model includes a detailed representation of trade and energy consumption and incorporates optimistic projections for future energy markets provided by...

Persistent link: https://www.econbiz.de/10013428208

Industry-level emission trading between power producers in the EU

Böhringer, Christoph - 2000

In this paper we investigate how restrictions for emission trading to the energy-intensive power sector will affect the magnitude and distribution of abatement costs across EU countries vis-à-vis a comprehensive EU emission trading regime. We find that emission trading between European power...

Persistent link: https://www.econbiz.de/10013428360

Efficiency, compensation, and discrimination : what is at stake when implementing?

Böhringer, Christoph - 2003

Persistent link: https://www.econbiz.de/10013428599