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whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … data on domestic investment and interest rates on corporate loans for 5 countries of the Euro area in the period ranging …
Persistent link: https://www.econbiz.de/10012099559
Persistent link: https://www.econbiz.de/10001937672
In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different volatility measures and four country groups. In...
Persistent link: https://www.econbiz.de/10011294706
heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using …
Persistent link: https://www.econbiz.de/10011376318
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed …
Persistent link: https://www.econbiz.de/10010423760
We study the response of real wages to the business cycle in eight major Eurozone countries before and during the Great …
Persistent link: https://www.econbiz.de/10011386663
euro area bond markets some six years after the euro area sovereign bond market crisis of 2009–2012. The main fi nding is … where the disruption originates. The core-periphery distinction identifi ed among the 11 euro area Member States during the … effects within the euro area sovereign bond market. An emphasis on the sustainability of national public fi nances remains …
Persistent link: https://www.econbiz.de/10012037525
, we are able to predict the future impact of the Euro. Our findings suggest that except for the least integrated countries … countries ; Euro area enlargement ; gravity model ; panel estimation …
Persistent link: https://www.econbiz.de/10003750287
This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model's parameters and where it...
Persistent link: https://www.econbiz.de/10009548055
Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...
Persistent link: https://www.econbiz.de/10003739948