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Business investment in EU countries
Bańbura, Marta; Albani, Maria; Ambrocio, Gene; … - 2018
have exerted a significant drag on total factor productivity dynamics, and hence on aggregate output growth. …
Persistent link: https://www.econbiz.de/10011972278
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Monetary-fiscal policy interactions in the euro area
2021
The last review of the ECB's monetary policy strategy in 2003 followed a period of predominantly upside risks to price stability. Experience following the 2008 financial crisis has focused renewed attention on the question of how monetary and fiscal policy should best interact, in particular in...
Persistent link: https://www.econbiz.de/10012661655
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The macroeconomic and fiscal impact of population ageing
Bodnár, Katalin; Nerlich, Carolin - 2022
The euro area, like many other advanced economies, has entered an era of drastic demographic change. Without appropriate policy responses, population ageing in the euro area is posing formidable challenges for potential growth, monetary policy and public finances. This paper examines - from a...
Persistent link: https://www.econbiz.de/10013480185
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Challenges for monetary and fiscal policy interactions in the postpandemic era
Bonam, Dennis (contributor); Ciccarelli, Matteo (contributor) - 2024
In the low inflation and low interest rate environment that prevailed over the period 2013-2020, many argued that besides expansionary monetary policy, expansionary fiscal policy could also support central banks' efforts to bring inflation closer to target. During the pandemic, proper alignment...
Persistent link: https://www.econbiz.de/10014476187
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Monetary-Fiscal Policy Interactions in the Euro Area
Debrun, Xavier; Masuch, Klaus; Vansteenkiste, Isabel; … - 2021
The last review of the ECB’s monetary policy strategy in 2003 followed a period of predominantly upside risks to price stability. Experience following the 2008 financial crisis has focused renewed attention on the question of how monetary and fiscal policy should best interact, in particular...
Persistent link: https://www.econbiz.de/10013210832
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Business investment in EU countries
Banbura, Marta; Albani, Maria; Ambrocio, Gene; Bursian, Dirk - 2021
have exerted a significant drag on total factor productivity dynamics, and hence on aggregate output growth …
Persistent link: https://www.econbiz.de/10013315394
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The Macroeconomic and Fiscal Impact of Population Ageing
Bodnár, Katalin; Nerlich, Carolin - 2022
The euro area, like many other advanced economies, has entered an era of drastic demographic change. Without appropriate policy responses, population ageing in the euro area is posing formidable challenges for potential growth, monetary policy and public finances. This paper examines – from a...
Persistent link: https://www.econbiz.de/10014081798
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Labour market modelling in the light of the financial crisis
Lafourcade, Pierre; Gerali, Andrea; Brůha, Jan; … - 2016
This paper revisits the empirical relationship between unemployment and output, and its evolution following the … the European System of Central Banks (ESCB). First, the negative correlation between output and unemployment (Okun’s law …. Focusing on the euro area, the financial distress seems to have altered the dynamics of output and unemployment mainly at lower …
Persistent link: https://www.econbiz.de/10011606327
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Convergence in European retail payments
Martikainen, Emmi; Schmiedel, Heiko; Takalo, Tuomas - 2013
Financial integration in some segments of the financial markets started to deteriorate during the recent period of economic turmoil in Europe. This paper examines whether this phenomenon also holds true for the European retail payments market. In comparison with other segments of the financial...
Persistent link: https://www.econbiz.de/10011606299
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Convergence in European Retail Payments
Martikainen, Emmi - 2013
Financial integration in some segments of the financial markets started to deteriorate during the recent period of economic turmoil in Europe. This paper examines whether this phenomenon also holds true for the European retail payments market. In comparison with other segments of the financial...
Persistent link: https://www.econbiz.de/10013083031