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A Bottom-Up Reduced Form Phillips Curve for the Euro Area
McGregor, Thomas; Toscani, Frederik - 2022
We develop a bottom-up model of inflation in the euro area based on a set of augmented Phillips curves for seven subcomponents of core inflation and auxiliary regressions for non-core items. We use the model’s disaggregated structure to explore which factors drove the deterioration in...
Persistent link: https://www.econbiz.de/10014264528
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Modelling the economic impacts of climate change on global and European agriculture : review of economic structural approaches
Fernández, Francisco J.; Blanco, Maria - 2015
The economic effects of climate change on agriculture have been widely assessed in the last two decades. Many of these assessments are based on the integration of biophysical and agro-economic models, allowing to understand the physical and socio-economic responses of the agricultural sector to...
Persistent link: https://www.econbiz.de/10010505129
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Estimation of the long-run food price equilibrium in Germany, the U.S. and Europe
Meyer, Stefan - 2012
-run relationships by allowing for causality and convergence, are employed. In three essays, the proposed procedures are applied to food …
Persistent link: https://www.econbiz.de/10010223230
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Adjustment in EMU : is convergence assured?
Dullien, Sebastian; Fritsche, Ulrich; Größl, Ingrid; … - 2009
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...
Persistent link: https://www.econbiz.de/10010425867
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Analysing convergence in Europe using a non-linear single factor model
Fritsche, Ulrich; Kuzin, Vladimir - 2008
We investigate convergence in European price level, unit labor cost, income, and productivity data over the period of … extremely flexible on order to model a large number of transition paths to convergence. We find regional clusters in consumer … indicate the existence of three convergence clubs without strong regional linkages; Italy and Germany are not converging to any …
Persistent link: https://www.econbiz.de/10010426359
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Does the dispersion of unit labor cost dynamics in the EMU imply long-run divergence? : results from a comparison with the United States of America and Germany
Dullien, Sebastian; Fritsche, Ulrich - 2007
inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models …. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …
Persistent link: https://www.econbiz.de/10010426361
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Till labor cost do us part : on the long run convergence of EMU countries
Pancotto, Francesca; Pericoli, Filippo Maria - 2011
A sustainable long-run pattern in the relative competitiveness of euro area countries is a key factor for the survivorship of the monetary union. We analyze the issue focussing on unit labor cost dynamics using cointegration analysis for the whole economy and for the manufacturing sector...
Persistent link: https://www.econbiz.de/10011735051
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Adjustment in EMU: is convergence assured?
Dullien, Sebastian; Fritsche, Ulrich; Größl, Ingrid; … - 2009
adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability …
Persistent link: https://www.econbiz.de/10003915319
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The impact of food price shock on heterogenous credit constrained firms
Ciaian, Pavel; Kancs, D'Artis - 2008
This paper analyses how rising agricultural prices affect heterogenous farm production and access to inputs under credit market imperfections in the CEE transition countries. Using the FADN farm level panel data, which contains 37416 observations for 2004 and 2005, we estimate a farm credit...
Persistent link: https://www.econbiz.de/10011523447
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Integration of biophysical and agro-economic models to assess the economic effects of climate change on agriculture : a review of global and EU regional approaches
Fernández, Francisco J.; Blanco, Maria - 2014
The economic effects of climate change on agriculture have been widely assessed in the last two decades. Many of these assessments are based on the integration of biophysical and agro-economic models, allowing to understand the physical and socio-economic responses of the agricultural sector to...
Persistent link: https://www.econbiz.de/10010431338