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Lifting the banking veil : credit standards' harmonization through lending transparency
Kang, Jung Koo; Loumioti, Maria; Moerman, Regina Wittenberg - 2020
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank … information on loan characteristics and performance. We find that loans originated under the transparency regime share more … convergence in their credit terms, suggesting that transparency facilitates learning across a bank's different geographic regions …
Persistent link: https://www.econbiz.de/10012154163
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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
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Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness
Afonso, António; Hauptmeier, Sebastian - 2009
spending decentralization, and the electoral cycle can impinge on the country’s fiscal position. Furthermore, the results also … decentralization ; European Union ; panel Data …
Persistent link: https://www.econbiz.de/10003866536
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On the importance of sectoral and regional shocks for price-setting
Beck, Günter W.; Hubrich, Kirstin; Marcellino, Massimiliano - 2011
We use a novel disaggregate sectoral euro area data set with a regional breakdown to investigate price changes and suggest a new method to extract factors from over-lapping data blocks. This allows us to separately estimate aggregate, sectoral, country-specific and regional components of price...
Persistent link: https://www.econbiz.de/10009006626
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The political economy of fiscal transparency and independent fiscal councils
Beetsma, Roel; Debrun, Xavier; Sloof, Randolph - 2017
The global surge in independent fiscal councils (IFCs) raises three related questions: How can IFCs improve the conduct of fiscal policy? Are they simultaneously desirable for voters and elected policymakers? And are they resilient to changes in political conditions? We build a model in which...
Persistent link: https://www.econbiz.de/10011697387
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Regional dynamics of economic performance in the EU : to what extent spatial spillovers matter?
Özyurt, Selin; Dées, Stéphane - 2015
Persistent link: https://www.econbiz.de/10011448510
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Deeper, wider and more competitive? : monetary integration, Eastern enlargement and competitiveness in the European Union
Ottaviano, Gianmarco I. P. (contributor);  … - 2007
firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … located in participating economies. Enlargement has, instead, two contrasting effects. It improves the accessibility of EU …
Persistent link: https://www.econbiz.de/10003635984
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Economic growth and budgetary components : a panel assessment for the EU
Afonso, António (contributor);  … - 2008
In this paper we test whether a reallocation of government budget items can enhance long-term GDP growth in a set of European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent variables in a growth regression: economic growth, total...
Persistent link: https://www.econbiz.de/10003636014
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Government size, composition, volatility and economic growth
Afonso, António (contributor); Furceri, Davide (contributor) - 2008
and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking …
Persistent link: https://www.econbiz.de/10003636033
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Markups in the euro area and the US over the period 1981-2004 : a comparison of 50 sectors
Christopoulou, Rebekka (contributor);  … - 2008
US over the period 1981-2004. The estimates are obtained applying the methodology developed by Roeger (1995) on the EU …
Persistent link: https://www.econbiz.de/10003636104