Showing 1 - 10 of 51
Persistent link: https://www.econbiz.de/10001569773
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 area countries and assesses whether their responses to...
Persistent link: https://www.econbiz.de/10013130602
We use a joint model of macroeconomic and term structure dynamics to estimate inflation risk premia in the United States and the euro area. To sharpen our estimation, we include in the information set macro data and survey data on inflation and interest rate expectations at various future...
Persistent link: https://www.econbiz.de/10013135685
mainly focused on investigating the Cohesion Policy's growth effects. This ignores the fact that part of the EU expenditures … impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … indicate that high-skilled population in particular benefits from EU structural funds …
Persistent link: https://www.econbiz.de/10013118136
In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro …
Persistent link: https://www.econbiz.de/10013120765
For most academics and policy makers, the depth of the 2007-09 financial crisis, its longevity and its impacts on the real economy resulted from an erosion of confidence. This paper proposes to assess empirically the link between consumer sentiment and consumption expenditures for the United...
Persistent link: https://www.econbiz.de/10013124648
Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public debt and economic growth and adds to the existing literature in the following ways. First, we extend the threshold panel methodology by Hansen (1999) to a dynamic setting in...
Persistent link: https://www.econbiz.de/10013104431
cycle and the euro area evolved over time, we find that inflation conditional correlation increased stemming from the EU …
Persistent link: https://www.econbiz.de/10013081633
We estimate the elasticity of substitution of a country's imports, and that of its exports on the world market, for EU … countries, due to different production and trade structures. We obtain aggregate elasticities for the EU27 countries, with a …
Persistent link: https://www.econbiz.de/10013083694
We investigate the impact of fiscal stimuli at different levels of the government debt-to-GDP-ratio for a sample of 17 European countries from 1970 to 2010. This is implemented in an interacted panel VAR framework in which all coefficient parameters are allowed to change continuously with the...
Persistent link: https://www.econbiz.de/10013087096