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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

National economic impacts of an EU environmental policy : an applied general equilibrium analysis

Conrad, Klaus; Schmidt, Tobias F. N. - 1995

present energy intensity and energy mix. Under growth there will be a positive market price for permits with demand by …

Persistent link: https://www.econbiz.de/10011620808

National economic impacts of an EU environmental policy : an applied general equilibrium analysis

Conrad, Klaus; Schmidt, Tobias F. N. - 1995

Persistent link: https://www.econbiz.de/10013428017

Modelling of foreign trade in applied general equilibrium models : theoretical approaches and sensitivity analysis with the GEM-E3 model

Koschel, Henrike; Schmidt, Tobias F. N. - 1998

The specification of the world closure, i.e. the way of closing the domestic economy model by incorporating the external sector, is a crucial component for those models in which production and consumption is not specified endogenously for all countries. This paper looks explicitly at the...

Persistent link: https://www.econbiz.de/10013428143

Climate change policy and burden sharing in the European Union : applying alternative equity rules to a CGE-framework

Schmidt, Tobias F. N.; Koschel, Henrike - 1998

international market and use the receipts to reduce public deficit is one way, but it has no direct impact on demand. Other, more …

Persistent link: https://www.econbiz.de/10013428147

Tradable SO 2 -permits in the European Union : a practicable scheme for public utilities

Brockmann, Karl Ludwig; Koschel, Henrike; Schmidt, … - 1998

economic efficiency and market functioning. However, as our model simulations indicate, national deposition targets will be …

Persistent link: https://www.econbiz.de/10013428151

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

Double dividend of climate protection and the role of international policy coordination in the EU : an applied general equilibrium analysis with the GEM-E3 model

Conrad, Klaus; Schmidt, Tobias F. N. - 1997

reduction policy and on the specification of the labour market. The institutional settings analysed are related to the degree of … restriction in the second part of the analysis in order to test alternative (more rigid) labour market specifications. The major … beats not always unilateral actions. 3) Labour market rigidities play a crucial role to both, the double dividend and the …

Persistent link: https://www.econbiz.de/10013428140