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In this paper, we use the Furfine (1999) statistical procedure to identify money market operations from Payments Systems data. Given the availability of an alternative data set, recording money market operations we could confirm the accuracy of the method. We examine evidence on integration of...
Persistent link: https://www.econbiz.de/10014212409
key role in the developments of the spreads for Greece, Ireland, Portugal and Spain. Finally, the rating downgrade in … Greece has contributed to developments in spreads of countries with weaker fiscal fundamentals: Ireland, Portugal, Italy …
Persistent link: https://www.econbiz.de/10013111942
Greece, Portugal, Spain and Ireland for 1980-1999. We find that an improvement in the net lending position of the government …
Persistent link: https://www.econbiz.de/10011604513
In this paper we analyse the ability of time and state dependent price setting rules to explain durations of price spells or the probability of changing prices. Our results suggest that simple time dependent models cannot be seen as providing a reasonable approximation to the data and that state...
Persistent link: https://www.econbiz.de/10011604557
This paper analyses the results of a survey conducted by the Banco de Portugal with the main purpose of investigating …
Persistent link: https://www.econbiz.de/10011604608
Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies …
Persistent link: https://www.econbiz.de/10011604773
budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public …
Persistent link: https://www.econbiz.de/10011604821
This paper investigates the persistence of aggregate wages and prices in Portugal assuming a model of a unionized …
Persistent link: https://www.econbiz.de/10011604991
In this paper, we use the Furfine (1999) statistical procedure to identify money market operations from Payments Systems data. Given the availability of an alternative data set, recording money market operations we could confirm the accuracy of the method. We examine evidence on integration of...
Persistent link: https://www.econbiz.de/10011605031
-sectional distribution of individual wage changes observed in the data. We look at five countries (the US, Germany, Portugal, Belgium and …
Persistent link: https://www.econbiz.de/10011605094