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"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...
Persistent link: https://www.econbiz.de/10003429626
of a central bank's interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …
Persistent link: https://www.econbiz.de/10012099522
. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank …
Persistent link: https://www.econbiz.de/10012099559
that internal current account imbalances inside a currency union may also add to these risks. Oil price fluctuations and a … the currency union by changing internal imbalances. Therefore, in this paper, we analyze the impact of oil price shocks on … current account imbalances within a currency union. Differences in institutions, especially labor market institutions and …
Persistent link: https://www.econbiz.de/10011785688