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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

Election cycles in European public procurement

Havlik, Annika; Heinemann, Friedrich; Nover, Justus - 2021

This paper studies the existence of election cycles in public procurement in the European Union for the national level. We analyze different steps along the procurement process, namely the publication of the contract notice, the awarding of the contract, and the project completion. We point out...

Persistent link: https://www.econbiz.de/10012649806

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

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

Dispelling the shadow of fiscal dominance? : fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic

Havlik, Annika; Heinemann, Friedrich; Helbig, Samuel; … - 2021 - This version: June 2021

bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU … fiscal level - has been more crucial for the stabilization of euro sovereign bond markets in the crisis environment of the …

Persistent link: https://www.econbiz.de/10012534642

State-owned enterprises, fiscal transparency, and the circumvention of fiscal rules : the case of Germany

Heinemann, Friedrich; Nover, Justus - 2023

State-owned enterprises (SOEs) provide opportunities for a more flexible and market-based provision of public services …

Persistent link: https://www.econbiz.de/10014471782

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