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in Germany and Italy, which are characterized by a large number of banks; but it is very weak in Spain and more … homogeneous in France, where the banking industry has a higher degree of market concentration. Second, there is some evidence that … savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …
Persistent link: https://www.econbiz.de/10013078975
differentials in explaining city-level house price dispersion in Germany, France, and the US (but not in Italy or Spain once …
Persistent link: https://www.econbiz.de/10013142991
The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10013136395
An aggregation exercise is proposed that aims at investigating whether the fast average adjustment of the disaggregate inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a dynamic factor model for 404 inflation...
Persistent link: https://www.econbiz.de/10012777732
This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and …
Persistent link: https://www.econbiz.de/10012777759
professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and … the United Kingdom are updated about once a year, in Italy about once each six months …
Persistent link: https://www.econbiz.de/10012770725
France, Germany, Italy, and Spain. The scenario analysis suggests that the reduction in bond yields due to OMT announcements … France. These results are used to calibrate a scenario in a multi-country model describing the macro-financial linkages in … is associated with a significant increase in real activity, credit, and prices in Italy and Spain with relatively muted …
Persistent link: https://www.econbiz.de/10013051170
Using micro price data underlying the Harmonized Index of Consumer Prices in France, Germany and Italy, we estimate … France, 1.2%-2.0% in Germany, 0.8%-1.0% in Italy, and 1.1-1.7% in the Euro Area (three country average). Differences across …
Persistent link: https://www.econbiz.de/10013218076
banks operating in Italy and France over the period 2000–2015, exploring the existence of an international bank lending … US monetary policy tightening leads to a reduction of lending to the domestic economy in both France and Italy, and this …
Persistent link: https://www.econbiz.de/10013315370
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10013316561