bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are …

This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and …

framework. In the estimation we utilize disaggregated information, employing single country data, along with the aggregated EMU … data by Fagan et. al (2001). We also contribute to the literature by proposing a strategy for consistent estimation of the … simple tworegion DSGE model, with a particular focus on analyzing the German economy within EMU, and its Bayesian estimation …

standardised to be used in multi-country studies. Here, it is applied to Belgium, Finland, Germany, Italy, the Netherlands and … countries except Finland. In Belgium, Italy and the Netherlands, both revenue and expenditure contributed to the deterioration … of the structural primary balance. In Germany the large deterioration in revenue was partially offset by the decline in …

The paper analyses the recent supply side developments in France, Germany, and Italy by employing a non …

household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain …