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The euro area crisis is the main external factor threatening the Swiss economy. In 2010 and 2011, the Swiss franc was … rapidly appreciating against the euro, causing a drop in exports, losses for the tourism business and a rise in unemployment …. This paper gives an overview of developments in the euro area and explains the reasons for the strength of the franc, the …
Persistent link: https://www.econbiz.de/10009682346
Persistent link: https://www.econbiz.de/10002125231
This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries.real effective exchange rates, including those of the individual euro area economies, and compares …
Persistent link: https://www.econbiz.de/10008901483
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10011308548
This paper presents first the estimation of a two-country DSGE model for the euro area and the rest …
Persistent link: https://www.econbiz.de/10003803330
This paper addresses the question of the joint conduct of fiscal and monetary policy in a currency union. The problem is studied using a two-country DSGE framework with staggered price setting, monopolistic competition in the goods market, distortionary taxation and nominal debt. The two...
Persistent link: https://www.econbiz.de/10003023461
This paper introduces a new comprehensive data set on policies of a macroprudential nature in the banking sectors of the 28 member states of the European Union (EU) between 1995 and 2014. The Macroprudential Policies Evaluation Database (MaPPED) offers a detailed overview of the "life-cycle" of...
Persistent link: https://www.econbiz.de/10011779845
This paper decomposes the time-varying effect of exogenous exchange rate shocks on euro area countries in ation into … quarters of the past six years, especially in turning point periods. Our main results indicate that headline in ation in euro … across euro area countries. …
Persistent link: https://www.econbiz.de/10012181317
We document that there are strong complementarities between monetary policy and macroprudential policy in shaping the evolution of bank credit. We use a unique loanlevel dataset comprising multiple credit registers from several European countries and different types of loans, including corporate...
Persistent link: https://www.econbiz.de/10012390482