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Exchange rates and fundamentals : new evidence from real-time data
Ehrmann, Michael (contributor);  … - 2004
Persistent link: https://www.econbiz.de/10002125231
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Global models for a global pandemic: the impact of COVID-19 on small euro area economies
García, Pablo; Jacquinot, Pascal; Lenarcic, Crt; … - 2021
application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we … response. To do so, we use a unifted modelling framework: The Euro Area and the Global Economy (EAGLE) model. Furthermore …
Persistent link: https://www.econbiz.de/10012643287
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Effects of state-dependent forward guidance, large-scale asset purchases and fiscal stimulus in a low-interest-rate environment
Coenen, Günter; Montes-Galdon, Carlos; Smets, Frank - 2020
the euro area economy and examine, using the ECB's New Area-Wide Model, the consequences of the lower bound both for the …
Persistent link: https://www.econbiz.de/10012137689
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The macroeconomic impact of the ECB's expanded asset purchase programme (APP)
Gambetti, Luca; Musso, Alberto - 2017
the euro area during the first two years. The effect on real GDP appears to be stronger in the short term, while that on …
Persistent link: https://www.econbiz.de/10011659350
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Monetary and macroprudential policy complementarities : evidence from European credit registers
Altavilla, Carlo; Laeven, Luc; Peydró, José-Luis - 2020
We document that there are strong complementarities between monetary policy and macroprudential policy in shaping the evolution of bank credit. We use a unique loanlevel dataset comprising multiple credit registers from several European countries and different types of loans, including corporate...
Persistent link: https://www.econbiz.de/10012390482
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Macroeconomic effects of carbon transition policies : an assessment based on the ECB's New Area-Wide Model with a disaggregated energy sector
Coenen, Günter; Lozej, Matija; Priftis, Romanos - 2023
that increasing euro area carbon taxes to an interim target level consistent with the transition to a net-zero economy …
Persistent link: https://www.econbiz.de/10014315252
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Macroeconomic adjustment to monetary union
Fagan, Gabriel (contributor); Gaspar, Vítor (contributor) - 2008
The move to monetary union in Europe led to convergence of interest rates among the participating countries. This was associated with notable cross-country differences in the behaviour of key macroeconomic aggregates. Compared to the low interest rate countries, former high interest rate...
Persistent link: https://www.econbiz.de/10003790953
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The political economy under monetary union: has the euro made a difference?
Fratzscher, Marcel; Stracca, Livio - 2008
the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …
Persistent link: https://www.econbiz.de/10003794175
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Balance sheet interlinkages and macro-financial risk analysis in the Euro area
Kavonius, Ilja Kristian; Castrén, Olli - 2009
transmission processes at the systemic level. We use the euro area financial accounts (flow of funds) data to construct a sector … leverage and asset volatility. We conclude that the bilateral cross-sector exposures in the euro area financial system …
Persistent link: https://www.econbiz.de/10003969268
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A quarterly fiscal database for the euro area based on intra-annual fiscal information
Paredes, Joan; Pedregal, Diego J.; Pérez, Javier J. - 2009
The analysis of the macroeconomic impact of fiscal policies in the euro area has been traditionally limited by the … a quarterly database of euro area fiscal variables for the period 1980-2008 for a quite disaggregated set of fiscal … data for the euro area period (2000-2009). All models are multivariate, state space mixed-frequencies models estimated with …
Persistent link: https://www.econbiz.de/10003969290