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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
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 … monetary policy exerts larger effects on cooperative and savings banks with lower liquidity and less capital in Germany and …
Persistent link: https://www.econbiz.de/10013078975
trends. It finds that, all sample countries except Germany applied expansionary expenditure policies. This resulted in much …
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 … spillovers in France and Germany … government bond yields by about 2 percentage points, while leaving unchanged the bond yields of the same maturity in Germany and …
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
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
, Germany, Italy, the UK and the US. The following results emerge from our analysis. First, and contrary to the recent findings … over the Internet.It includes more than 5 million daily price quotes downloaded from price comparison web sites in France …
Persistent link: https://www.econbiz.de/10013317571