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Persistent link: https://www.econbiz.de/10001599423
This paper employs an aggregate representation of an overlapping generation (OLG) model quantifying a decrease of the natural real interest rate in the range of -1.7 and -0.4 percentage points in the euro area between 1990 and 2030 due to demographics alone. Two channels contribute to this...
Persistent link: https://www.econbiz.de/10011994650
Persistent link: https://www.econbiz.de/10009765147
-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …
Persistent link: https://www.econbiz.de/10003969288
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
Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...
Persistent link: https://www.econbiz.de/10003014303