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exchange rate models for the synthetic euro. Using the same data set, variable definitions and sample period offers the … ECB's small-sized euro area wide macro-economic model. In this order the approaches feature an increasing degree of … results confirm the high likelihood for the euro having been undervalued in Q4 2000, while stressing the significant empirical …
Persistent link: https://www.econbiz.de/10013320226
This paper applies the identified VAR methodology to synthetic euro area data from 1980 till 1998 to study the macro …-economic effects of an unexpected change in monetary policy in the euro area. The focus is on the area-wide monetary transmission. It … is shown that the overall macro-economic effects of a monetary policy shock in the euro area are very similar to those …
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in an estimated DSGE model of euro area. We then analyse its impact on optimal monetary policy and investigate the …
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. Our results show that given the current degree of openness of the US and euro area economies, the gains from monetary …
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-up are the most important source of inflation variability in the euro area. This article shows that an empirically plausible …
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developments in the euro area since the start of EMU. …
Persistent link: https://www.econbiz.de/10003285769
The 2004 and 2007 enlargements of the European Union were unprecedented in a number of economic and policy aspects. This essay provides a broad and in-depth account of the effects of the post-enlargement migration flows on the receiving as well as sending countries in three broader areas: labour...
Persistent link: https://www.econbiz.de/10003793104