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The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...
Persistent link: https://www.econbiz.de/10011442518
The paper empirically investigates the monetary transmission mechanism in the Baltic States. The analysis of the transmission channels through which monetary policy shocks are transmitted is particularly important for the European Central Bank that makes monetary policy in an enlarged European...
Persistent link: https://www.econbiz.de/10003273232
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potential output overestimated) before the recent crisis. It is fair to say that the employed estimation techniques failed to … into account in conventional methods for the estimation of potential output and the output gap. Since both, potential …The path of output prior to the financial and economic crisis turned out to be not sustainable and lower than …
Persistent link: https://www.econbiz.de/10010416360
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. Estimation results show that this relationship is upward sloping. Nonparametric specification tests do not reject monotonicity …
Persistent link: https://www.econbiz.de/10003051074
In this paper, we examine how parental health affects children's development of personality traits and problem behavior. Based on a German mother-and-child data base, we draw on observed parental health shocks as a more exogenous source of health variation to identify these effects and control...
Persistent link: https://www.econbiz.de/10009244239
business cycles are possible because persistence in output growth differs across countries. … Persistenz im Output für die einzelnen Länder unterschiedlich ist. …
Persistent link: https://www.econbiz.de/10011442599
highest in Germany, followed by France, and Italy. However, even in Germany, the accommodation of a shock to unemployment by …
Persistent link: https://www.econbiz.de/10011443287