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Financial linkages and sectoral business cycle synchronisation : evidence from Europe

Böhm, Hannes; Schaumburg, Julia; Tonzer, Lena - 2020

We analyse whether financial integration between countries leads to converging or diverging business cycles using a dynamic spatial model. Our model allows for contemporaneous spillovers of shocks to GDP growth between countries that are financially integrated and delivers a scalar measure of...

Persistent link: https://www.econbiz.de/10012156982

Inflation dynamics during the financial crisis in Europe : cross-sectional identification of long-run inflation expectations

Dany-Knedlik, Geraldine; Holtemöller, Oliver - 2017

We investigate drivers of Euro area inflation dynamics using a panel of regional Phillips curves and identify long-run inflation expectations by exploiting the crosssectional dimension of the data. Our approach simultaneously allows for the inclusion of country-specific inflation and...

Persistent link: https://www.econbiz.de/10011764910

Fiscal spending multiplier calculations based on input-output tables – with an application to EU members

Pusch, Toralf; Rannenberg, Ansgar - 2011

this literature but rather to implement a calculation method of multipliers which is suitable for open economies like EU … multiplier for EU members. Multipliers for specific spending categories are comparably high, ranging between 1.4 and 1.8 for many … members of the EU. GDP drops due to budget consolidation might therefore be substantial if monetary policy is not able to …

Persistent link: https://www.econbiz.de/10009126063

Factor content of intra-European trade flows

Zeddies, Götz - 2011

In recent decades, the international division of labor expanded rapidly in course of globalization. In this context, highly developed countries specialized on (human) capital intensively manufactured goods and increasingly sourced parts and components from lowwage countries. Since this should be...

Persistent link: https://www.econbiz.de/10009126526

Exploring the economic convergence in the EU new member states by using nonparametric models

Raileanu Szeles, Monica - 2011

Der Beitrag untersucht den realen Konvergenzprozess in den neuen Mitgliedstaaten der EU (NMS), die nach ihrer … Transformation von der Plan- zur Marktwirtschaft 2004 bzw. 2007 in die EU aufgenommen wurden. Im Gegensatz zu den üblichen …

Persistent link: https://www.econbiz.de/10009126554

Determinants of foreign technological activity in German regions : a count model analysis of transnational patents (1996 - 2009)

Dettmann, Eva; Dominguez Lacasa, Iciar; Günther, Jutta; … - 2013

This paper analyses the determinants of spatial distribution of foreign technological activity across 96 German regions (1996-2009). We identify foreign inventive activity by applying the ‘cross-border-ownership concept’ to transnational patent applications. The descriptive analysis shows...

Persistent link: https://www.econbiz.de/10010192971

Explaining investment trends in European Union countires

Weyerstrass, Klaus - 2003

Persistent link: https://www.econbiz.de/10009782352

Der Einfluß der US-amerikanischen Konjunktur auf Deutschland und die Europäische Union : eine Untersuchung mit VAR-Modellen

Weyerstrass, Klaus - 2002

Persistent link: https://www.econbiz.de/10009782988

Intra-industry trade between European Union and transition economies : does income distribution matter?

Gabrisch, Hubert; Segnana, Maria Luigia - 2002

Persistent link: https://www.econbiz.de/10009782991

Systematic mispricing in European equity prices?

Berneburg, Marian (contributor) - 2007

One empirical argument that has been around for some time and that clearly contra- dicts equity market efficiency is that market prices seem too volatile to be optimal estimates of the present value of future discounted cash flows. Based on this, it is deduced that systematic pricing errors...

Persistent link: https://www.econbiz.de/10003482498