Narrow search
Showing 1 - 10 of 1,094
Cover Image
The euro bloc, the dollar bloc and the yen bloc : how much monetary policy independence can exchange rate flexibility buy in an interdependent world?
Fratzscher, Marcel (contributor) - 2002
Persistent link: https://www.econbiz.de/10001702791
Cover Image
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
Cover Image
Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach
Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2018
We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open …
Persistent link: https://www.econbiz.de/10011792134
Cover Image
Real exchange rate misalignments in the euro area
Fidora, Michael; Giordano, Claire; Schmitz, Martin - 2017
misalignments are found to be smaller in the euro area than in its main trading partners, they are also more persistent, although …
Persistent link: https://www.econbiz.de/10011745793
Cover Image
A single monetary policy for heterogeneous labour markets : the case of the euro area
Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023
responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that …
Persistent link: https://www.econbiz.de/10013492935
Cover Image
Monetary policy and local industry structure
Popov, Alexander; Steininger, Lea - 2023
conditions: the euro area. We find that when monetary conditions tighten (loosen), from the point of view of an individual …
Persistent link: https://www.econbiz.de/10013552619
Cover Image
Passive monetary policy and active fiscal policy in a monetary union
Maćkowiak, Bartosz; Schmidt, Sebastian - 2023
How is the price level determined in a monetary union when the common monetary policy pegs the nominal interest rate? How are the price levels in the member countries determined? We extend the fiscal theory of the price level to the case of a heterogenous monetary union. Price level determinacy...
Persistent link: https://www.econbiz.de/10013553440
Cover Image
National prices and wage setting in a currency union
Sánchez, Marcelo - 2009
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typically predicts more aggressive wage setting under monetary union. This insight has not been confirmed by the EMU experience, which has been characterised by wage moderation, thereby eliciting criticism from Posen...
Persistent link: https://www.econbiz.de/10003866562
Cover Image
The euro's trade effects
Baldwin, Richard E. (contributor);  … - 2006
currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already … boosted intra-euro area trade by five to ten percent. The paper discusses a gamut of models that might explain the Rose effect …
Persistent link: https://www.econbiz.de/10003290336
Cover Image
Fiscal and monetary rules for a currency union
Ferrero, Andrea (contributor) - 2005
This paper addresses the question of the joint conduct of fiscal and monetary policy in a currency union. The problem is studied using a two-country DSGE framework with staggered price setting, monopolistic competition in the goods market, distortionary taxation and nominal debt. The two...
Persistent link: https://www.econbiz.de/10003023461