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Endogenous optimum currency areas and the blend of sectors : on the determinants of business cycle correlation across European regions

Belke, Ansgar - In: Journal of economic integration 22 (2007) 1, pp. 26-49

Persistent link: https://www.econbiz.de/10003789886

Innovation and productivity in European industries

Pianta, Mario (contributor); Vaona, Andrea (contributor) - 2006

The labour productivity impact of innovation is investigated in this paper combining neo-Schumpeterian insights on the variety of innovation, with the importance of industrial structures and firm size; two models are proposed for explaining productivity and export success in European...

Persistent link: https://www.econbiz.de/10003347531

Firm size and innovation in European manufacturing

Vaona, Andrea (contributor); Pianta, Mario (contributor) - 2006

The paper investigates the differences between small, medium-sized and large firms regarding their performance in the introduction of new products and processes. After a review of the relevant literature, two models are proposed and tested in search for different business strategies and...

Persistent link: https://www.econbiz.de/10003347554

Real wages and monetary policy transmission in the euro area

McCallum, Andrew (contributor); Smets, Frank (contributor) - 2007

We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...

Persistent link: https://www.econbiz.de/10003486502

Is core money growth a good and stable inflation predictor in the euro area?

Carstensen, Kai (contributor) - 2007

In this paper, it is analyzed whether core money growth helps to predict future inflation in a useful and reliable way. Using an out-of-sample forecasting exercise and a stability analysis, it is shown that core money growth carries important information not contained in the inflation history,...

Persistent link: https://www.econbiz.de/10003429547

Assessing financial integration in the European Union equity markets : panel unit root and multivariate cointegration and causality evidence

Worthington, Andrew Charles; Higgs, Helen - In: Journal of economic integration 25 (2010) 3, pp. 457-479

Persistent link: https://www.econbiz.de/10008657850

Explaining European emission allowance price dynamics : evidence from Phase II

Rickels, Wilfried; Görlich, Dennis; Oberst, Gerrit - 2010

In 2005, the European Emission Trading Scheme (EU-ETS) established a new commodity: the right to emit a ton of CO2 (EUA … important short-term abatement option for most installations in the EU-ETS. The empirical results show a significant influence … is improved by the inclusion of time series characteristics. -- Carbon emission trading ; EU ETS ; Carbon price influence …

Persistent link: https://www.econbiz.de/10008660570

Nonlinear expectations in speculative markets : evidence from the ECB survey of professional forecasters

Reitz, Stefan; Ruelke, Jan-Christoph; Stadtmann, Georg - 2011

Chartist and fundamentalist models have proven to be capable of replicating stylized facts on speculative markets. In general, this is achieved by specifying nonlinear interactions of otherwise linear asset price expectations of the respective trader groups. This paper investigates whether or...

Persistent link: https://www.econbiz.de/10009152528

European integration and the effects of country size on growth

König, Jörg - In: Journal of economic integration 30 (2015) 3, pp. 501-531

Persistent link: https://www.econbiz.de/10011345975

Primary surplus and debt projections based on estimated fiscal reaction functions for euro area countries

Plödt, Martin; Boeing-Reicher, Claire - 2014

We project the path of the public debt and primary surpluses for a number of countries in the euro area under a fiscal rule based on a set of estimated fiscal policy reaction functions. Our fiscal rule represents a fiscal analogue to a well-known monetary policy rule, and it is calibrated using...

Persistent link: https://www.econbiz.de/10010235435