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International effects of euro area versus US policy uncertainty : a FAVAR approach

Belke, Ansgar; Osowski, Thomas - 2017

and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty …, Switzerland turns out to be the most affected non-Euro area European country. We also find a high degree of synchronization among …

Persistent link: https://www.econbiz.de/10012110907

Business cycle synchronization in the EMU : core vs. periphery

Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2017

This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...

Persistent link: https://www.econbiz.de/10012111060

Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the euro area

Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019

whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … data on domestic investment and interest rates on corporate loans for 5 countries of the Euro area in the period ranging …

Persistent link: https://www.econbiz.de/10012151693

Look who's talking : on the heterogeneous returns to foreign language use at work among natives and migrants in Europe

Wang, Zhiling; Graaff, Thomas de; Nijkamp, Peter - 2017

We examine the heterogeneous impacts of foreign language use at work on earnings of both native-born workers and foreign-born workers, using a longitudinal survey, viz. the European Community Household Panel (ECHP) running from 1994 to 2001. Our findings are the following. First, for native-born...

Persistent link: https://www.econbiz.de/10012119134

Equilibrium real interest rates, secular stagnation, and the financial cycle : empirical evidence for euro-area member countries

Belke, Ansgar; Klose, Jens - 2018

Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic …, we expand our model to incorporate the financial cycle. We estimate the model for the Euro area as a whole and for nine … Euro-area member countries. Incorporating the financial cycle changes the estimated equilibrium real interest rates: For …

Persistent link: https://www.econbiz.de/10012131206