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trends. It finds that, all sample countries except Germany applied expansionary expenditure policies. This resulted in much …
Persistent link: https://www.econbiz.de/10008728760
Persistent link: https://www.econbiz.de/10009356898
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...
Persistent link: https://www.econbiz.de/10003794175
This paper attempts to model the nominal and real exchange rate for Ireland, relative to Germany and the UK from 1975 … exchange rates are effectively modelled, and in the case of Ireland and Germany, Ppp is found to be valid not only in the long …
Persistent link: https://www.econbiz.de/10003599316
Persistent link: https://www.econbiz.de/10009765147
professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …
Persistent link: https://www.econbiz.de/10003789432
We estimate the degree of "stickiness" in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10003778438
over the Internet. It includes more than 5 million daily price quotes downloaded from price comparison web sites in France …, Germany, Italy, the UK and the US. The following results emerge from our analysis. First, and contrary to the recent findings …
Persistent link: https://www.econbiz.de/10003337300
Persistent link: https://www.econbiz.de/10010380045
located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We compare these …
Persistent link: https://www.econbiz.de/10002812657