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Trade invoicing in the accession countries : are they suited to the euro?

Goldberg, Linda S. (contributor) - 2005

Persistent link: https://www.econbiz.de/10003179742

Zombie credit and (dis-)inflation: evidence from Europe

Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - 2020

We show that "zombie credit" - cheap credit to impaired firms - has a disinflationary effect. By helping distressed firms to stay afloat, such credit creates excess production capacity, thereby putting downward pressure on product prices. Granular European data on inflation, firms, and banks...

Persistent link: https://www.econbiz.de/10012391508

Central bank macroeconomic forecasting during the global financial crisis : the European Central Bank and Federal Reserve Bank of New York experiences

Alessi, Lucia; Ghysels, Eric; Onorante, Luca; Peach, … - 2014

This paper documents macroeconomic forecasting during the global financial crisis by two key central banks: the European Central Bank and the Federal Reserve Bank of New York. The paper is the result of a collaborative effort between the two institutions, allowing us to study the time-stamped...

Persistent link: https://www.econbiz.de/10010404063

Repo over the financial crisis

Copeland, Adam; Martin, Antoine - 2021

This paper uses new data to provide a comprehensive view of repo activity during the 2007-09 financial crisis for the first time. We show that activity declined much more in the bilateral segment of the market than in the tri-party segment. Surprisingly, we find that a large share of the decline...

Persistent link: https://www.econbiz.de/10012797870

Menu costs at work : restaurant prices and the introduction of the Euro

Hobijn, Bart (contributor); Ravenna, Federico (contributor); … - 2004 - [Elektronische Ressource]

"Restaurant prices in the Euro area saw an unprecedented increase after the introduction of the Euro. We use an … costs. The extension we use involves the state-dependent decision of firms about when to adopt the Euro. Two main mechanisms … drive the result. First, our model concentrates otherwise staggered price increases around the introduction of the Euro …

Persistent link: https://www.econbiz.de/10002521760

Exchange rate pass-through to import prices in the euro area

Campa, José Manuel (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003108701

Macroeconomic interdependence and the international role of the dollar

Goldberg, Linda S. (contributor); Tille, Cédric (contributor) - 2008

The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...

Persistent link: https://www.econbiz.de/10003781455

The nature and growth of vertical specialization in world trade

Hummels, David; Ishii, Jun; Yi, Kei-mu - 1999

Persistent link: https://www.econbiz.de/10001398229

Trade inventories

McCarthy, Jonathan P.; Zakrajšek, Egon - 1998

Persistent link: https://www.econbiz.de/10000997058

The dynamics and differentiation of Latin American metal exports

Mandel, Benjamin - 2011

This paper investigates the propensity of exporters in certain primary commodity sectors to innovate and then attempts to measure the associated gains. The high degree of differentiation in metal products is giving rise to the potential for vertical upgrading for a substantial portion of Latin...

Persistent link: https://www.econbiz.de/10009266729