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This paper develops composite indicators of financial integration within the euro area for both price-based and quantity-based indicators covering money, bond, equity and banking markets. Prior to aggregation, individual integration indicators are harmonised by applying the probability integral...
Persistent link: https://www.econbiz.de/10012104477
around 12-22%. In comparison, smaller EU Member States seem to have benefited somewhat more compared to larger countries. The …
Persistent link: https://www.econbiz.de/10012200868
Persistent link: https://www.econbiz.de/10011619535
growth over the period 1995-2012 across 17 EU (13 euro area) countries and 9 macro-sectors. It also includes information on a …
Persistent link: https://www.econbiz.de/10011637045
We study the relationship between debt and growth in EU countries in the years 1995-2015. We investigate the debt … relationship between public debt and long-run growth across EU countries. However, the more immediate impact of private sector debt … debt threshold within EU countries, neither for the private nor for the public sector, but some indication of a non …
Persistent link: https://www.econbiz.de/10011764407
allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP … macroeconomic impact of fiscal consolidation over the EDP horizon. For a sample of 24 EU countries to which 48 EDP recommendations …
Persistent link: https://www.econbiz.de/10011856496
Persistent link: https://www.econbiz.de/10001670883
This paper derives forecasts for euro area real GDP growth based on a bottom up approach from the production side. That is, GDP is forecast via the forecasts of value added across the different branches of activity, which is quite new in the literature. Linear regression models in the form of...
Persistent link: https://www.econbiz.de/10003825975
This paper evaluates models that exploit timely monthly releases to compute early estimates of current quarter GDP (now-casting) in the euro area. We compare traditional methods used at institutions with a new method proposed by Giannone, Reichlin, and Small (2005). The method consists in...
Persistent link: https://www.econbiz.de/10003794044
using a variation of controls, sub-samples and specifications. - Fiscal policy ; financial crisis ; growth ; OECD ; EU …
Persistent link: https://www.econbiz.de/10003983667