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Do house price developments spill over across euro area countries? : evidence from a Global VAR
Hiebert, Paul; Vansteenkiste, Isabel - 2009
This paper empirically assesses the prospects for house price spillovers in the euro area, where co-movement in house …) over the period 1989-2007. The results suggest limited house price spillovers in the euro area, with evidence of some … this aggregate development are rather heterogeneous house price spillovers at the country level, with a strong importance …
Persistent link: https://www.econbiz.de/10003832315
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What drives euro area financial market developments? : the role of US spillovers and global risk
Brandt, Lennart; Saint-Guilhem, Arthur; Schröder, … - 2021
we allow for cross-Atlantic spillovers while also accounting for the unique role of the US in the global financial system …. Our results underline the importance of US spillovers and shifts in global risk sentiment for understanding the dynamics …
Persistent link: https://www.econbiz.de/10012519484
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The transmission of euro area monetary policy to financially euroised countries
Moder, Isabella - 2021
the transmission channels of monetary policy spillovers. The results suggest that in the long run, more than one third of …
Persistent link: https://www.econbiz.de/10012648952
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Subsidising car purchases in the euro area : any spill-over on production?
Paredes, Joan - 2017
that explores the effects of these policies on domestic and foreign production to disentangle the potential spill-overs. …
Persistent link: https://www.econbiz.de/10011710106
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Spillovers from the ECB's non-standard monetary policy measures on south-eastern Europe
Moder, Isabella - 2017
responses in the model output, suggesting that exchange rates did not act as buffers for spillovers of euro area non …
Persistent link: https://www.econbiz.de/10011710110
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The public sector pay gap in a selection of Euro area countries
Giordano, Raffaela; Depalo, Domenico; Pereira, Manuel … - 2011
We investigate the public-private wage differentials in ten euro area countries (Austria, Belgium, France, Germany, Greece, Ireland, Italy, Portugal, Slovenia and Spain). To account for differences in employment characteristics between the two sectors, we focus on micro data taken from EU-SILC....
Persistent link: https://www.econbiz.de/10009405597
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Current account benchmarks for central and eastern Europe : a desperate search?
Chudik, Alexander; Dieppe, Alistair - 2009
This paper examines two competing approaches for calculating current account benchmarks, i.e. the external sustainability approach á la Lane and Milesi-Ferretti (LM) versus the structural current accounts literature (SCA) based on panel econometric techniques. The aim is to gauge the medium...
Persistent link: https://www.econbiz.de/10003826590
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Has regulatory capital made banks safer? : skin in the game vs moral hazard
Dautovic, Ernest - 2020
The paper evaluates the impact of a phased-in introduction of capital requirements on equity, risk-taking, and probability of default for a sample of European systemically important banks. Contrary to the case of a one-off introduction of capital requirements, this study does not find evidence...
Persistent link: https://www.econbiz.de/10012251320
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What drives export market shares? : it depends! : an empirical analysis using Bayesian Model Averaging
Osbat, Chiara; Benkovskis, Konstantins; Bluhm, Benjamin; … - 2017
What drives external performance of countries? This is a recurring question in academia and policy. The factors underlying export growth are receiving great attention, as countries struggle to grow out of the crisis by increasing exports and as protectionist discourses take foot again. Despite...
Persistent link: https://www.econbiz.de/10011697375
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A macroeconomic vulnerability model for the euro area
Sondermann, David; Zorell, Nico - 2019
Macroeconomic imbalances increase the vulnerability of an economy to adverse shocks, which in turn can lead to crises with severe economic and social costs. We propose an early warning model that predicts such crises. We identify a set of macroeconomic indicators capturing domestic and external...
Persistent link: https://www.econbiz.de/10012058978