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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques accounting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10010246065
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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques accounting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10010248168
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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10010252646
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The impact of public investment on private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - In: Vierteljahrshefte zur Wirtschaftsforschung 84 (2015) 3, pp. 183-193
This paper explores the long-term relationship between public and private investment in the euro area. A stock … the model for private investment flows. In fact, standard models that include private investment flows, GDP, and the real … investment. Thus, the lack of public investment may have been restricting private investment and GDP growth in the euro area. …
Persistent link: https://www.econbiz.de/10011498378
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On the Relationship between Public and Private Investment in the Euro Area
Dreger, Christian - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10013057463
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On the Relationship between Public and Private Investment in the Euro Area
Dreger, Christian - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques accounting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10013057790
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Re-vitalizing money demand in the euro area : still valid at the zero lower bound
Dreger, Christian; Gerdesmeier, Dieter; Roffia, Barbara - 2016
The analysis of monetary developments have always been a cornerstone of the ECB’s monetaryanalysis and, thus, of its overall monetary policy strategy. In this respect, money demandmodels provide a framework for explaining monetary developments and assessing price stabilityover the medium term....
Persistent link: https://www.econbiz.de/10011532681
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Does the foreign interest rate matter for monetary policy? : evidence from nonlinear Taylor rules ; conference paper
Belke, Ansgar; Beckmann, Joscha; Dreger, Christian - 2014
Deviations of policy interest rates from the levels implied by the Taylor rule have been persistent after the turn of the century even before the financial crisis. These deviations could be due to lower real interest rates, as stated by the savings glut hypothesis as well as the apparent success...
Persistent link: https://www.econbiz.de/10010485968
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Re-Vitalizing Money Demand in the Euro Area : Still Valid at the Zero Lower Bound
Dreger, Christian - 2016
The analysis of monetary developments have always been a cornerstone of the ECB's monetary analysis and, thus, of its overall monetary policy strategy. In this respect, money demand models provide a framework for explaining monetary developments and assessing price stability over the medium...
Persistent link: https://www.econbiz.de/10012983725
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Did interest rates at the zero lower bound affect lending of commercial banks? : evidence for the euro area
Belke, Ansgar; Dreger, Christian - 2019
The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based on the Bankscope database, bank balance sheet data is...
Persistent link: https://www.econbiz.de/10012063954