Showing 1 - 10 of 65
This paper studies the informational content of the slope of the yield curve as a predictor of recessions in the euro area. In particular, the historical predictive power of ten yield spreads, for different segments of the yield curve, is tested using a probit model. The yield spread between the...
Persistent link: https://www.econbiz.de/10009636517
reducing government expenditure, in particular, cuts in social benefits and public wages. Second, robust real GDP growth also …
Persistent link: https://www.econbiz.de/10009640299
This paper uses a model of import prices whereby exporters to the euro area set export prices partly as a mark-up on their production costs (i.e., the degree of exchange rate pass-through) and partly in line with euro area producer prices (i.e., pricing-to-market). Using both time series and...
Persistent link: https://www.econbiz.de/10009639848
Global trade contracted quickly and severely during the global crisis. This paper, using a unique dataset of French … firms, matching together export data with firm-level credit constraints, shows that most of the 2008-2009 trade collapse is … crisis, the overall impact of credit constraints on trade remains limited. …
Persistent link: https://www.econbiz.de/10009640295
The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mainly …
Persistent link: https://www.econbiz.de/10009640313
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...
Persistent link: https://www.econbiz.de/10009640463
Persistent link: https://www.econbiz.de/10010478774
This paper analyses the existence of an immigrant/native wealth gap by using household survey data for Luxembourg, Germany and Italy. The results show that, in all three countries, a sizeable wealth gap exists between natives and immigrants. Towards the upper tail of the wealth distribution the...
Persistent link: https://www.econbiz.de/10009640635
Persistent link: https://www.econbiz.de/10009638411
Persistent link: https://www.econbiz.de/10010368095