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The purpose of the evaluation is to provide a comprehensive and independent assessment of the European Union (EU …
Persistent link: https://www.econbiz.de/10012036340
The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a SVAR model some fiscal policy regimes, i.e. a u0094set of rulesu0094 for the implementation of fiscal policies. Second, we identify the fiscal policy shocks related to different...
Persistent link: https://www.econbiz.de/10009635887
This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...
Persistent link: https://www.econbiz.de/10009635905
, monetary union may greatly increase the amount of trade among members (Rose 2001). Putting these together, we see that … formation of a monetary union may induce changes that help harmonise inflation rates. The effect might be large if the … elimination of exchange rate volatility simultaneously leads to a large increase in intra-union trade and a big increase in the …
Persistent link: https://www.econbiz.de/10009635969
This paper uses data on German government bond futures options to examine the behaviour of market expectations around monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market expectations, as measured by the skewness of...
Persistent link: https://www.econbiz.de/10009636538
core Europe to cajole others into accepting their demands. Such a strategy would be deeply divisive for the Union. Franco … supporters of core Europe must prove that this concept is useful for the Union. So far, their case is far from proven u0096 …-governmental cooperation, not the political union that German federalists wanted to see at EU level. And its policy content is mostly bilateral …
Persistent link: https://www.econbiz.de/10009636640
Persistent link: https://www.econbiz.de/10009636733
Persistent link: https://www.econbiz.de/10009637406
This is the National Report on German Law regarding property relations in social unions, like marriage, other legally acknowledged unions, and de-facto unions. It covers heterosexual and same-sex unions. Although the special focus of the report is on international relations (international...
Persistent link: https://www.econbiz.de/10009637714
Persistent link: https://www.econbiz.de/10009637715