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Business Cycles, Monetary Transmission and Shocks to Financial Stability : Empirical Evidence from a New Set of Danish Quarterly National Accounts 1948-2010

Abildgren, Kim - 2012

In Denmark official quarterly national accounts are only available for the period since 1977. The paper constructs a set of summary non-seasonally adjusted quarterly national accounts for Denmark for 1948-2010 in current and constant prices as well as a set of other key quarterly macroeconomic...

Persistent link: https://www.econbiz.de/10013102102

Is the Top Tail of the Wealth Distribution the Missing Link Between the Household Finance and Consumption Survey and National Accounts?

Chakraborty, Robin; Kavonius, Ilja Kristian; … - 2021

The financial accounts of the household sector within the system of national accounts report the aggregate asset holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly designed to be representative of all households, aggregating...

Persistent link: https://www.econbiz.de/10013315397

Missing the wealthy in the HFCS: Micro problems with macro implications

Chakraborty, Robin; Waltl, Sofie R. - 2018

Macroeconomic aggregates on households' wealth have a long tradition and are widely used to analyse and compare economies, yet they do not provide any information about the distribution of assets and liabilities within the population. The Household Finance and Consumption Survey (HFCS)...

Persistent link: https://www.econbiz.de/10011916867

Towards Expenditure Rules and Fiscal Sanity in the Euro Area

Hauptmeier, Sebastian - 2010

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

Credit Market Disequilibrium in Greece (2003-2011) - A Bayesian Approach

Vouldis, Angelos T. - 2015

financial crisis, this paper studies the evolution of credit demand and supply in Greece. A disequilibrium model of demand and …

Persistent link: https://www.econbiz.de/10013020634

A Financial Systemic Stress Index for Greece

Louzis, Dimitrios P. - 2013

The paper develops a financial systemic stress index (FSSI) for Greece. We present a methodology for constructing and …, conducted among financial experts, in order to construct a benchmark chronology of financial crises for Greece, which in turn is …

Persistent link: https://www.econbiz.de/10013080092

Skills and Wage Inequality in Greece : Evidence From Matched Employer-Employee Data, 1995-2002

Christopoulou, Rebekka; Kosma, Theodora - 2021

This paper examines changes in the Greek wage distribution over 1995-2002 and the role of skills in these changes using a matched employer-employee data set. This data set enables us to account for firm heterogeneity and obtain a more refined picture of the impact of skills. The methodology...

Persistent link: https://www.econbiz.de/10013316069

The Euro Area Sovereign Debt Crisis : Safe Haven, Credit Rating Agencies and the Spread of the Fever from Greece, Ireland and Portugal

De Santis, Roberto A. - 2012

from Greece. Specifically, higher risk aversion has increased the demand for the Bund and this is behind the pricing of all … 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

The ECB’s non-standard monetary policy measures: the role of institutional factors and financial structure

Cour-Thimann, Philippine; Winkler, Bernhard - 2013

This paper aims to make two contributions: to review the ECB’s non-standard monetary policy measures in response to the financial and sovereign debt crisis against the background of the institutional framework and financial structure of the euro area; and to interpret this response from a...

Persistent link: https://www.econbiz.de/10011605573

Measuring institutional competitiveness in Europe

Huemer, Stefan; Scheubel, Beatrice; Walch, Florian - 2013

While there are many methods to measure the competitiveness of an economy, most of these concepts ignore the fact that competitiveness can change because of market processes like wage negotiation but also because of political decision-making. Governments that compete with others for factors of...

Persistent link: https://www.econbiz.de/10011605601