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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

Explaining the level of relative investment specialisation : a spatial econometric analysis of EU regions

Stirböck, Claudia - 2002

. Larger market and regional sizes diminish; a higher unemployment rate, population density, the fact of being a central region …

Persistent link: https://www.econbiz.de/10013428487

What determines relative sectoral investment patterns in EU regions?

Stirböck, Claudia - 2002

This study analyses relative sectoral investment patterns in EU regions. In an exploratory spatial data analysis, spatial clusters of high relative investments can be identified for some sectors. In the econometric analysis, we control for heteroscedasticity and potential endogeneity and find...

Persistent link: https://www.econbiz.de/10013428492

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

Capital mobility within EMU

Stirböck, Claudia; Heinemann, Friedrich - 1999

before the advent of the Euro. …

Persistent link: https://www.econbiz.de/10013428227

Agglomeration tendencies in EU regions : where does capital go?

Stirböck, Claudia - 2001

This paper focuses on two aspects being neglected in the analysis of agglomeration tendencies so far. First, it regards regional agglomeration patterns and secondly, the allocation of capital across industrial sectors. Indeed, the average relative concentration of capital turns out to be of a...

Persistent link: https://www.econbiz.de/10013428412

Relative specialisation of EU regions : an econometric analysis of sectoral gross fixed capital formation

Stirböck, Claudia - 2002

econometric results. Larger market and regional sizes diminish relative investment specialisation while a higher unemployment rate …

Persistent link: https://www.econbiz.de/10013428482