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Indebtedness in the EU : a drag or a catalyst for growth?

Mika, Alina; Zumer, Tina - 2017

-growth nexus in two alternative empirical set-ups: the traditional cross-county panel regressions and mean group estimations. We …

Persistent link: https://www.econbiz.de/10011764407

Assessing long-term fiscal developments : a new approach

Afonso, António; Agnello, Luca; Furceri, Davide - 2009

We use a new approach to assess long-term fiscal developments. By analyzing the time varying behaviour of the two components of government spending and revenue responsiveness and persistence - we are able to infer about the sources of fiscal behaviour. Drawing on quarterly data we estimate...

Persistent link: https://www.econbiz.de/10003832368

Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness

Afonso, António; Hauptmeier, Sebastian - 2009

decentralization ; European Union ; panel Data …

Persistent link: https://www.econbiz.de/10003866536

Euro area private consumption : is there a role for housing wealth effects?

Skudelny, Frauke - 2009

the period 1980-2006, and one on the individual euro area countries from1995-2006, using panel data techniques. The impact …, the panel estimation yields somewhat lower results (0.6 to 1.1 cents). The MPC out of nominal housing wealth lies between … effect of volatile house prices, we find similar effects in the times series estimation while the MPC is larger in the panel …

Persistent link: https://www.econbiz.de/10003866560

Responses to monetary policy shocks in the east and the west of Europe : a comparison

Jarociński, Marek - 2008

This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...

Persistent link: https://www.econbiz.de/10003825885

Explaining the money demand of non-financial corporations in the Euro area : a macro and a micro view

Martínez-Carrascal, Carmen; Landesberger, Julian von - 2010

nineties, when its increase contributed negatively to cash accumulation. - Money demand ; cointegrated VARs ; panel estimation …

Persistent link: https://www.econbiz.de/10008688524

Efficiency and risk in european banking

Fiordelisi, Franco; Marqués Ibáñez, David; Molyneux, … - 2010

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks operating in the European Union. We find that reductions...