Showing 1 - 10 of 125
Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the ECBu0092s monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area inflation can be improved by aggregating forecasts of...
Persistent link: https://www.econbiz.de/10009635954
This report presents the external evaluation of the European Union's (EU) strategy of cooperation with the West Africa region and of its implementation over the period 2008-2016. Its main objectives are: i) to provide both the EU institutions and a broader audience with an independent and global...
Persistent link: https://www.econbiz.de/10012056094
Persistent link: https://www.econbiz.de/10009638903
simultaneous use of two inflation indexes over the euro area. …
Persistent link: https://www.econbiz.de/10009635917
The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost … growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation …. There is, however, some support in favour of the (reduced form) AWM inflation equation. It is the only model that …
Persistent link: https://www.econbiz.de/10009636545
In this paper we investigate whether the forecast of the HICP components (indirect approach) improves upon the forecast of overall HICP (direct approach) and whether the aggregation of country forecasts improves upon the forecast of the euro-area as a whole, considering the four largest euro...
Persistent link: https://www.econbiz.de/10009639428
In this paper we analyse the pass-through of a commodity price shock along the food price chain in the euro area. Unlike the existing literature, which mainly focuses on food commodity prices quoted in international markets, we use a novel database that accounts for the role of the Common...
Persistent link: https://www.econbiz.de/10009640389
Do public sector wages exert pressures on private sector wages, or has the private sector a leadership role in wage setting? This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other determinants of wages (prices, productivity,...
Persistent link: https://www.econbiz.de/10009640411
period of 1994-2008. Except for short-term forecasts of inflation and interest rates, it is as good as or clearly outperforms …
Persistent link: https://www.econbiz.de/10009640469
We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on economic activity and welfare. In the first part of the paper, the GARCH-SVARmodel is applied to measure empirically the effect of the conditional exogenous exchange rate...
Persistent link: https://www.econbiz.de/10009636551