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balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for …
Persistent link: https://www.econbiz.de/10012963380
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …
Persistent link: https://www.econbiz.de/10011507830
Persistent link: https://www.econbiz.de/10011596643
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to "talk up" the euro have …
Persistent link: https://www.econbiz.de/10013319980
Persistent link: https://www.econbiz.de/10012745345
Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using … business cycle coherence did not increase monotonically. The COVID-19 pandemic made that the signs of the output gaps of euro …
Persistent link: https://www.econbiz.de/10013168003
Persistent link: https://www.econbiz.de/10001452419
In this paper we argue that in contrast to the conclusion of Artist and Zhang, there is not much evidence in support of the view that increased exchange rate stability is related to more synchronised business cycles in Europe. This finding may have important consequences, as existing differences...
Persistent link: https://www.econbiz.de/10001474344
Persistent link: https://www.econbiz.de/10000979974
Persistent link: https://www.econbiz.de/10000979975