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investigates the behavior of private residential investments for the six largest European economies, namely: Germany, France, Italy …In comparison with the large literature on house prices, housing investments have been studied far less. This paper … to real prices and to other relevant factors. Germany has the strongest response of private residential investments to …
Persistent link: https://www.econbiz.de/10013102106
-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …
Persistent link: https://www.econbiz.de/10013316284
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
We use tests for multiple breaks at unknown points in the sample, and the Stock-Watson (1996, 1998) time-varying parameters median-unbiased estimation methodology, to investigate changes in the equilibrium rate of growth of labor productivity - both per hour and per worker - in the United...
Persistent link: https://www.econbiz.de/10012777974
professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …
Persistent link: https://www.econbiz.de/10012770725
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10013225751
; it analyses the cross-border consumption behaviour of cross-border commuter households residing in Belgium, France and … Germany and working in Luxembourg. In total, it is estimated that these households spend € 925 million per annum in Luxembourg …
Persistent link: https://www.econbiz.de/10013315629
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
over the Internet.It includes more than 5 million daily price quotes downloaded from price comparison web sites in France …, Germany, Italy, the UK and the US. The following results emerge from our analysis. First, and contrary to the recent findings …
Persistent link: https://www.econbiz.de/10013317571
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain …
Persistent link: https://www.econbiz.de/10013117688