Showing 1 - 10 of 11
This paper analyses the growth effects of EU structural funds using a new panel dataset of 124 NUTS-1 / NUTS-2 regions …
Persistent link: https://www.econbiz.de/10003770912
The current empirical literature on the impact of EU Cohesion Policy on the economic growth rates of the European … assumptions, this paper applies the method of generalized propensity score (GPS) to a sample of 122 NUTS-1 and NUTS-2 EU-15 …
Persistent link: https://www.econbiz.de/10003784703
The confidence that financial markets are able to discipline the debt behaviour of governments is not very high. Therefore, the Stability and Growth Pact has been implemented as an institutional constraint to substitute for the market mechanism. With the weakening of the Pact, market discipline...
Persistent link: https://www.econbiz.de/10003356981
The discussion about country-specific influence on the interest rate decisions of the European Central Bank does not cease. To investigate the possibility of regional influence on the determination of the policy rate, we estimate Taylor-type reaction functions for the period from 1999 to 2005...
Persistent link: https://www.econbiz.de/10003357001
The impact of EU Cohesion Policy has mainly been evaluated with regard to its growth effects. We extend the perspective … by investigating the impact of EU Cohesion Policy on public investments and budget deficits in order to learn more about … the channels through which this policy field works. Using a dataset of 27 EU countries for the time period 1982-2006, we …
Persistent link: https://www.econbiz.de/10003881346
. Its main purpose is to promote the development of the EU and to support convergence between the levels of development of … and provide some remarks for future research. -- Economic integration ; regional growth ; EU Cohesion Policy ; panel data …
Persistent link: https://www.econbiz.de/10003881569
The communication policy of the European Central Bank attracts a lot of attention from financial markets. This paper analyses the informational content of the monthly introductory statements of the ECB president explaining interest rate decisions with regard to inflation expectations of...
Persistent link: https://www.econbiz.de/10003528856
Persistent link: https://www.econbiz.de/10003217903
In this analysis, the informational content of central bank rhetoric is assessed based on the experience with the ECB since 1999. Among the ECB’s communication channels we focus on the monthly press conferences. Based on a counting of certain signal words we construct a wording indicator...
Persistent link: https://www.econbiz.de/10003181015
Persistent link: https://www.econbiz.de/10002368208