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Fiscal divergence and current account imbalances in Europe
Schnabl, Gunther; Wollmershäuser, Timo - 2013
Northern European countries, in particular Germany, have tended to be in surplus. The paper scrutinizes the role of diverging …
Persistent link: https://www.econbiz.de/10009702880
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Regional Heterogeneity, the Rise of Public Debt and Monetary Policy in Post-Bubble Japan : Lessons for the EMU
Fischer, Raphael - 2016
Both Japan and parts of the European Monetary Union have experienced boom and bust in stock and real estate markets, which have been followed by a lasting crisis. The paper analyses the role of a high degree of regional heterogeneity for public debt and monetary policy in the context of crisis....
Persistent link: https://www.econbiz.de/10012988893
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Regional heterogeneity, the rise of public debt and monetary policy in post-bubble Japan : lessons for the EMU
Fischer, Raphael; Schnabl, Gunther - In: International economics and economic policy : IEEP 15 (2018) 2, pp. 405-428
Persistent link: https://www.econbiz.de/10011955300
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Regional heterogeneity, the rise of public debt and monetary policy in post-bubbles Japan : lessons for the EMU
Fischer, Raphael; Schnabl, Gunther - 2016
Both Japan and parts of the European Monetary Union have experienced boom and bust in stock and real estate markets, which have been followed by a lasting crisis. The paper analyses the role of a high degree of regional heterogeneity for public debt and monetary policy in the context of crisis....
Persistent link: https://www.econbiz.de/10011476067
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Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume
Schnabl, Gunther; Zemanek, Holger - 2011
Der Beitrag analysiert die inner-europäischen Leistungsbilanzungleichgewichte auf der Grundlage der Theorie der optimalen Währungsräume. Wir zeigen, dass die deutsche Wiedervereinigung nicht nur zur EWS-Krise 1992/93 führte, sondern auch der Ursprung der derzeitigen europäischen...
Persistent link: https://www.econbiz.de/10009152176
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Reverse causality in global current accounts
Schnabl, Gunther; Freitag, Stephan - 2010
Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created. - Global …
Persistent link: https://www.econbiz.de/10003973544
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The 1948 German currency and economic reform : lessons for European monetary policy
Schnabl, Gunther - In: The Cato journal : an interdisciplinary journal of … 39 (2019) 3, pp. 607-634
Persistent link: https://www.econbiz.de/10012182982
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Reverse Causality in Global Current Accounts
Schnabl, Gunther - 2010
Germany as center countries with rising/high current account deficits (US) and surpluses (Germany). These are matched by … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created …
Persistent link: https://www.econbiz.de/10013142986
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Wohnimmobilienpreise, Inflationsmessung und Geldpolitik im Euroraum
Herborn, Alexander; Schnabl, Gunther - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 102 (2022) 5, pp. 402-407
. Der Harmonisierte Verbraucherpreisindex (HVPI) von Eurostat, auf den die EZB ihre Geldpolitik ausrichtet, berücksichtigt … auf Deutschland den Einfluss von selbstgenutztem Wohneigentum auf die offiziell gemessenen Inflationsraten und zeigt die … on a new index from Eurostat. Focusing on Germany, this article examines the impact of owner-occupied housing on …
Persistent link: https://www.econbiz.de/10013343542
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Alternative measures of price inflation and the perception of real income in Germany
Israel, Karl-Friedrich; Schnabl, Gunther - 2020
estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of …
Persistent link: https://www.econbiz.de/10012291889