Narrow search
Showing 1 - 10 of 345
Cover Image
Banking sector output measurement in the euro area : a modified approach
Colangelo, Antonio; Inklaar, Robert - 2010
Banks do not charge explicit fees for many of the services they provide but the service payment is bundled with the offered interest rates. This output therefore has to be imputed using estimates of the opportunity cost of funds. We argue that rather than using the single short-term, low-risk...
Persistent link: https://www.econbiz.de/10003973506
Cover Image
Estimating the effects of fiscal policy in OECD countries
Perotti, Roberto (contributor) - 2002
Persistent link: https://www.econbiz.de/10001702818
Cover Image
Endogenous TFP, business cycle persistence and the productivity slowdown in the euro area
Schmöller, Michaela; Spitzer, Martin - 2020
This paper analyses the endogeneity of euro area total factor productivity and its role in business cycle amplification … by estimating a medium-scale DSGE model with endogenous productivity mechanism on euro area data. In this framework …, total factor productivity evolves endogenously as a consequence of costly investment in R&D and adoption of new technologies …
Persistent link: https://www.econbiz.de/10012212852
Cover Image
Regional inflation in a currency union : fiscal policy vs. fundamentals
Duarte, Margarida (contributor);  … - 2002
Persistent link: https://www.econbiz.de/10001702823
Cover Image
How is real convergence driving nominal convergence in the new EU Member States?
Lein-Rupprecht, Sarah M. (contributor);  … - 2007
prices with respect to the euro area productivity growth and increased trade openness. Productivity growth can have a … productivity growth a positive one on price level convergence with respect to the euro area …
Persistent link: https://www.econbiz.de/10003599436
Cover Image
The effects of climate change on the natural rate of interest : a critical survey
Mongelli, Francesco Paolo; Pointner, Wolfgang; End, … - 2022
-related damages and uncertainty that reduce productivity growth and raise precautionary savings. Instead, in scenarios that assume …
Persistent link: https://www.econbiz.de/10013448676
Cover Image
Zero lower bound
Coenen, Günter - 2003
such as the shortterm nominal interest rate, annual inflation and output. …
Persistent link: https://www.econbiz.de/10009635906
Cover Image
Exchange rates and fundamentals
Engel, Charles; West, Kenneth David - 2003
supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help …
Persistent link: https://www.econbiz.de/10009635953
Cover Image
Maintaining price stability under free-floating
Detken, Carsten; Gaspar, Vítor - 2003
The behaviour of the exchange rate under a floating exchange rate regime for a small open economy with perfect capital mobility may appear like a managed float or even a firmer peg. We present a canonical new neo-classical synthesis open economy model where the central bank follows a strategy...
Persistent link: https://www.econbiz.de/10009635960
Cover Image
Volatility of interest rates in the euro area
Cassola, Nuno; Morana, Claudio - 2003
This paper estimates the factors underlying the volatility of the euro overnight interest rate and its transmission along the euro area money market yield curve. A new multivariate unobserved components model is proposed allowing for both long-memory and stationary cyclical dynamics. Using...
Persistent link: https://www.econbiz.de/10009635972