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Investigating the impact of an appreciation of the euro in a small macroeconometric model of Germany and the euro area

Meier, Carsten-Patrick (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002411466

Did the revision of the ECB monetary policy strategy affect the reaction function?

Carstensen, Kai (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002206062

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

Estimating simple fiscal policy reaction functions for the euro area countries

Plödt, Martin; Boeing-Reicher, Claire - 2014

We formulate and estimate a simple fiscal policy reaction function for the euro area and individual euro area countries. Our reaction function allows for primary surpluses to feature three components: an anti-cyclical response of primary surpluses to the output gap, a response to the debt-GDP...

Persistent link: https://www.econbiz.de/10010235448

Announcements of ECB unconventional programs : implications for the sovereign risk of Italy

Falagiarda, Matteo; Reitz, Stefan - 2013

This paper studies the effects of ECB communications about unconventional monetary policy operations on the perceived sovereign risk of Italy over the last five years. More than fifty events concerning non-standard operations are identified and classified with respect to the specific ECB...

Persistent link: https://www.econbiz.de/10009783711

Monetary aggregates to improve early output gap estimates in the euro area -- an empirical assessment

Boysen-Hogrefe, Jens - 2014

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used to improve the reliability of early output gap estimates as proposed by several theoretical models. A real-time experiment shows that real M1 can improve output...

Persistent link: https://www.econbiz.de/10010248220

Institutional constraints to political budget cycles in the enlarged EU

Ademmer, Esther; Dreher, Ferdinand - 2014

This paper revisits Political Budget Cycles (PBCs) in the enlarged European Union (EU). Based on a panel of 25 current … EU member states from 1996 to 2012, we show that governments frequently fiscally stimulate the economy prior to elections …; a phenomenon that is seemingly not only an ‘Eastern problem’ of the EU’s new members, as has been suggested in the …

Persistent link: https://www.econbiz.de/10010416670

European economic integration in econometric modelling : concepts, measures and illustration

Krieger-Boden, Christiane; Soltwedel, Rüdiger - 2010

Processes of regional economic integration have been shaping the economic relations between countries significantly during the last decades. In addition, an increasing integration of the national economies into the global economy has affected these economic relations, too. In an effort to...

Persistent link: https://www.econbiz.de/10008699609

Closing the gap between absolute and relative measures of localization, concentration or specialization

Bickenbach, Frank; Bode, Eckhardt; Krieger-Boden, Christiane - 2010

and explore why absolute and relative measures frequently evolve in opposite directions. The paper shows for the EU-15 and …

Persistent link: https://www.econbiz.de/10008699611

Model pooling and changes in the informational content of predictors : an empirical investigation for the euro area

Schwarzmüller, Tim - 2015

I study the performance of single predictor bridge equation models as well as a wide range of model selection and pooling techniques, including Mallows model averaging and Cross-Validation model averaging, for short-term forecasting euro area GDP growth. I explore to what extend model selection...

Persistent link: https://www.econbiz.de/10010472548