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The Role of Price and Cost Competitiveness for Intra- and Extra-Euro Area Trade of Euro Area Countries
Bobeica, Elena - 2016
driver of trade flows outside the euro area as compared to those within the monetary union, especially for exports, that tend … to be more sensitive to relative prices than imports. We consider various measures of competitiveness and conclude that … costs appear to contain relatively more information for trade flows, particularly for exports outside the euro area.The key …
Persistent link: https://www.econbiz.de/10012984573
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Measuring the Effectiveness of Cost and Price Competitiveness in External Rebalancing of Euro Area Countries : What Do Alternative HCIs Tell Us?
Christodoulopoulou, Styliani - 2014
This study examines the marginal effects of traditional determinants of exports and imports with a focus on the role of … harmonised competitiveness indicators (HCIs) on both exports and imports of both goods and services across individual euro area … exceptions) on exports of goods. Exports of services are sensitive to HCIs in big euro area countries and Slovakia, where exports …
Persistent link: https://www.econbiz.de/10013047096
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Are Survey-Based Inflation Expections in the Euro Area Informative?
Mestre, Ricardo - 2007
This paper contributes to the old theme of testing for rationality of inflation expectations in surveys, using two very different surveys in parallel. Focusing on the euro area and using two well-known surveys that include questions on inflation expectations, the Consensus Forecast survey and...
Persistent link: https://www.econbiz.de/10012777896
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Household Wealth in the Euro Area : The Importance of Intergenerational Transfers, Homeownership and House Price Dynamics
Mathae, Thomas - 2014
Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth accumulation process, i) homeownership, ii) housing value...
Persistent link: https://www.econbiz.de/10013054675
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Does it Matter How Aggregates are Measured? The Case of Monetary Transmission Mechanisms in the Euro Area
Beyer, Andreas - 2010
Beyer, Doornik and Hendry (2000, 2001) show analytically that three out of four aggregation methods yield problematic results when exchange rate shifts induce relative-price changes between individual countries and found the least problematic method to be the variable weight method of growth...
Persistent link: https://www.econbiz.de/10013149066
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Reporting Biases and Survey Results : Evidence from European Professional Forecasters
Garcia, Juan A.; Manzanares, Andres - 2021
Using data from the ECB's Survey of Professional Forecasters, we investigate the reporting practices of survey participants by comparing their point predictions and the mean/median/mode of their probability forecasts. We find that the individual point predictions, on average, tend to be biased...
Persistent link: https://www.econbiz.de/10013316742
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Assessing European Firms' Exports and Productivity Distributions : The CompNet Trade Module
Berthou, Antoine - 2015
establish new stylized facts regarding the joint distributions of the firm-level exports performance and productivity in a panel … productive than starters. At the intensive margin, we show that both the level and the growth of firm-level exports rise with … firm productivity, and that the bulk of aggregate exports in each country are made by a small number of highly productive …
Persistent link: https://www.econbiz.de/10013020681
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Exports and Capacity Constraints -- A Smooth Transition Regression Model for Six Euro Area Countries
Belke, Ansgar Hubertus - 2015
find that domestic demand developments are relevant for the short-run dynamics of exports in particular during more extreme …
Persistent link: https://www.econbiz.de/10013031989
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What Drives Export Market Shares? It Depends! An Empirical Analysis Using Bayesian Model Averaging
Osbat, Chiara - 2017
underlying export growth are receiving great attention, as countries struggle to grow out of the crisis by increasing exports and … investigate the drivers of export market shares of 25 EU countries, considering a wide range of traditional indicators along with … from China have strongly affected export performance since the early 2000s. In the case of old EU Member States, investment …
Persistent link: https://www.econbiz.de/10012950748
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Measuring the effectiveness of cost and price competitiveness in external rebalancing of euro area countries: What do alternative HCIs tell us?
Christodoulopoulou, Styliani; Tkacevs, Olegs - 2014
This study examines the marginal effects of traditional determinants of exports and imports with a focus on the role of … harmonised competitiveness indicators (HCIs) on both exports and imports of both goods and services across individual euro area … exceptions) on exports of goods. Exports of services are sensitive to HCIs in big euro area countries and Slovakia, where exports …
Persistent link: https://www.econbiz.de/10011605781