Showing 1 - 10 of 57
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …
Persistent link: https://www.econbiz.de/10012773503
To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of … hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to … associated present value of fuel savings falls within the 95 percent confidence interval for some specifications, in all market …
Persistent link: https://www.econbiz.de/10012461670
from September 2008 until spring 2010; and the euro area sovereign debt crisis from spring 2010 to the current period … the euro area. It has brought unprecedented challenges for the monetary union and triggered extraordinary adjustments in … both monetary policy and institutional arrangements at the euro area level. The purpose of this article is to outline the …
Persistent link: https://www.econbiz.de/10013101191
Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public …, we focus on 12 euro area countries for the period 1990-2010, therefore adding to the current discussion on debt … sustainability in the euro area. Our empirical results suggest that the shortrun impact of debt on GDP growth is positive and highly …
Persistent link: https://www.econbiz.de/10013104431
This paper examines the macroeconomic aftermath of the 1992 breakdown of the European Exchange Rate Mechanism (ERM). The economic performance of six leaver' nations is compared with five stayer' nations that maintained a roughly fixed parity with the Deutsche Mark. Recent writing about...
Persistent link: https://www.econbiz.de/10012471843
The European Single Market created a common market for millions of Europeans. However, thirty years after its … growth effect that arose from the Single Market. Using the Synthetic Control Method, we establish the growth premium for the … Single Market overall and for its founding members. Broadly in line with the predictions made by Baldwin (1989) at the onset …
Persistent link: https://www.econbiz.de/10012836795
This paper derives forecasts for euro area real GDP growth based on a bottom up approach from the production side. That …
Persistent link: https://www.econbiz.de/10012768380
euro area. The Composite Indicator of Systemic Stress (CISS)is more informative than indicators focusing on narrower … for the euro area the stylized facts known from the US, such as the strong negativecorrelation between conditional mean …
Persistent link: https://www.econbiz.de/10012825353
Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...
Persistent link: https://www.econbiz.de/10012917733
We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging … the original euro area countries covering the period between 1990Q1 and 2016Q4. Using the Weighted-Average Least Squares … for all countries in the sample. An improvement in competitiveness matters for growth in the overall euro area in the long …
Persistent link: https://www.econbiz.de/10013210625