Similar Search Results

3-step analysis of public finances sustainability: the case of the European Union

Afonso, António; Rault, Christophe - 2008

We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …

Persistent link: https://www.econbiz.de/10011604954

Does the Euro Make a Difference? Spatio-Temporal Transmission of Global Shocks to Real Effective Exchange Rates in an Infinite VAR

Bussière, Matthieu - 2011

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

Inflation Risk Premia in the US and the Euro Area

Hördahl, Peter - 2010

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

Trade with Central and Eastern Europe : Is it Really a Threat to Wages in the West?

Polgar, Eva Katalin - 2010

industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it …

Persistent link: https://www.econbiz.de/10013138239

Do EU Structural Funds Promote Regional Employment? Evidence from Dynamic Panel Data

Mohl, Philipp - 2011

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

Inflation Persistence in the European Union, the Euro Area, and the United States

Gadzinski, Gregory - 2011

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

Consumer Confidence as a Predictor of Consumption Spending : Evidence for the United States and the Euro Area

Dees, Stephane - 2011

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

Debt and Growth : New Evidence for the Euro Area

Baum, Anja - 2012

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

GDP-Inflation Cyclical Similarities in the CEE Countries and the Euro Area

Macchiarelli, Corrado - 2013

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

Trade Adjustment in the European Union - A Structural Estimation Approach

Corbo, Vesna - 2013

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