Showing 1 - 10 of 19
description of the two main aggregate euro area models at the ECB. Both models share a common core but their detailed … block, which is useful for conditioning the euro area projections on assumptions about foreign economic activity, prices and …
Persistent link: https://www.econbiz.de/10010317065
description of the two main aggregate euro area models at the ECB. Both models share a common core but their detailed … block, which is useful for conditioning the euro area projections on assumptions about foreign economic activity, prices and …
Persistent link: https://www.econbiz.de/10010317112
This paper analyzes different government debt relief programs in the European Monetary Union. I build a model and study different options ranging from debt relief to the European Stability Mechanism (ESM). The analysis reveals the following: First, patient countries repay debt, while impatient...
Persistent link: https://www.econbiz.de/10011708718
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011708719
euro, from the inception of the currency in 2002 through to 2013. An original applied statistical approach searches for a … points in time of the euro integration process. These hypotheses are tested using the rigour of a bivariate analysis and the … labour productivity. The paper concludes that in the last decade the convergence of countries sharing the euro has been …
Persistent link: https://www.econbiz.de/10011708728
, these processes could help the transition of the euro from its current status of single currency to a status of 'common …
Persistent link: https://www.econbiz.de/10011708730
Persistent link: https://www.econbiz.de/10010317140
This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth and the inflation rate. Moreover, this paper presents...
Persistent link: https://www.econbiz.de/10012009824
This study analyses the current debate around central bank-backed digital currency (CBDC). A comparative study was carried out considering countries for and against implementing a CBDC and their reasons, looking for common causes, differences, etc. The conclusion was that there are opposite...
Persistent link: https://www.econbiz.de/10013199670
This study sheds new light on the relationship between monetary policy and private investment using Vietnam's provincial data and a system generalized method of moment (GMM) framework. To capture monetary policy's effect, different indicators, viz. money supply, domestic credit to the private...
Persistent link: https://www.econbiz.de/10013199699