Showing 1 - 10 of 11
into the euro area. This paper addresses the question of whether a reduction of public deficits, such as imposed by the … Maastricht fiscal criteria, is a necessary or useful step on the road to the adoption of the euro. The question is addressed by …
Persistent link: https://www.econbiz.de/10012779801
euro area, and investigates their linkages in a VAR framework, also allowing for the possible impact of the policy regime … of the euro and resulting in lower long-run uncertainty. It also appears that the direction of causality has been … reversed, and that in the euro period the Friedman-Ball link is empirically supported, consistently with the idea that the ECB …
Persistent link: https://www.econbiz.de/10013141028
We model economic policy uncertainty (EPU) in the four largest euro area countries by applying machine learning …
Persistent link: https://www.econbiz.de/10012844456
This paper documents macroeconomic forecasting during the global financial crisis by two key central banks: the European Central Bank and the Federal Reserve Bank of New York. The paper is the result of a collaborative effort between staff at the two institutions, allowing us to study the...
Persistent link: https://www.econbiz.de/10013053416
We perform a robust estimation of the Phillips curve in the euro area using a battery of 630 theory-driven models. We …
Persistent link: https://www.econbiz.de/10013315363
In this paper we analyse the pass-through of a commodity price shock along the food price chain in the euro area … consumer prices, thus solving the pass-through puzzle highlighted in the existing literature for the euro area …
Persistent link: https://www.econbiz.de/10013316224
validity of public accounts data to forecast government deficits in the euro area. We extend this literature on two fronts: (i …
Persistent link: https://www.econbiz.de/10013316531
relationship between inflation and inflation expectations in the euro area. We use theoretical structures based on the New …
Persistent link: https://www.econbiz.de/10013111479
validity of public accounts data to forecast government deficits in the euro area. We extend this literature on two fronts …
Persistent link: https://www.econbiz.de/10011604947
In this paper we analyse the pass-through of a commodity price shock along the food price chain in the euro area … consumer prices, thus solving the pass-through puzzle highlighted in the existing literature for the euro area. …
Persistent link: https://www.econbiz.de/10011605214