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Housing Markets and Current Account Dynamics
Gete, Pedro - Volkswirtschaftliche Fakultät, … - 2009
This paper makes a theoretical and an empirical contribution to the debate on what caused the "global imbalances". On the empirical side, I provide different types of evidence to support that housing demand shocks (shocks to the aggregate marginal rate of substitution between housing and...
Persistent link: https://www.econbiz.de/10008619183
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POLAND’S DECISION TO ADOPT THE EURO
Arora, Ankit - In: Polish Journal of Management Studies 5 (2012) 1, pp. 150-179
the Second World War, a brief snapshot of pre-European Union and Euro zone era, to understand the political and economic …
Persistent link: https://www.econbiz.de/10010555086
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Macroeconomic Adjustment and the History of Crises in Open Economies
Aizenman, Joshua; Noy, Ilan - National Bureau of Economic Research (NBER) - 2012
experience has a significant impact on savings. When facing considerable political risk, the past does seem to matter - countries …
Persistent link: https://www.econbiz.de/10010969363
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Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone
Martin, Philippe; PHILIPPON, Thomas - National Bureau of Economic Research (NBER) - 2014
We provide a comprehensive account of the dynamics of eurozone countries from 2000 to 2012. We analyze private leverage, fiscal policy, labor costs and interest rates and we propose a strategy to separate the impact of credit cycles, excessive government spending, and sudden stops. We then ask...
Persistent link: https://www.econbiz.de/10010951017
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ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS
Novak, Branko; Matić, Branko; Stjepanović, Slobodanka - Volkswirtschaftliche Fakultät, … - 2003
Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...
Persistent link: https://www.econbiz.de/10005620044
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Investments in research and development: case study in Eastern Europe
Coada, Raluca; Gogan, Luminita Maria - In: Review of Applied Socio-Economic Research 7 (2014) 1, pp. 25-32
level. Today, the world development level results from an ongoing investment, in various forms. The different ways to invest … investment in research and development on productivity growth as a major determinant of competitiveness and economic growth. So … field. In this paper we propose to consider first the role of investment in the creation of competitive advantage in the …
Persistent link: https://www.econbiz.de/10010785494
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The Return of the Long-Run Phillips Curve
Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long-run inflation-unemployment tradeoff.
Persistent link: https://www.econbiz.de/10005822071
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Models of Including Financially Inactive Population into the Financial System
Matić, Branko; Serdarušić, Hrvoje - Volkswirtschaftliche Fakultät, … - 2008
Raising money and directing it into savings is the most important passive task in banking. Restrictive monetary policy …
Persistent link: https://www.econbiz.de/10005835971
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Inflation gifts restrictions for structural VARs: evidence from the US
Vaona, Andrea - Dipartimento di Scienze Economiche, Facoltà di Economia - 2015
We investigate the link between inflation, growth and unemployment nesting a model of fair wages into one of endogenous growth of learning-by-doing. Firms protect real wages against inflation in exchange of worker's effort. In the long-run, unemployment decreases with higher inflation and real...
Persistent link: https://www.econbiz.de/10011245992
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Sur les Causes et les Effets en Macro-Economie : les Contributions de Sargent et Sims,Prix Nobel d'Economie 2011
Collard, Fabrice; Fève, Patrick - Toulouse School of Economics (TSE) - 2012
Cet article présente les contributions originelles et essentielles de T. Sargent et C. Sims à la modélisation macro-économétrique. Après avoir exposé leur critique de la modélisation existante, cet article s'attache à préciser l'originalité de leurs approches respectives. La...
Persistent link: https://www.econbiz.de/10011004778