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Tax co-ordination in Europe: assessing the first years of the EU-Savings Taxation Directive

Hemmelgarn, Thomas - 2009

Persistent link: https://www.econbiz.de/10009639915

Manganelli, Simone; Popov, Alexander - 2010

-term growth. We find that financial markets increase substantially the speed with which the observed sectoral allocation of output … faster for sectors that have a higher "natural" long-term risk-adjusted growth and which exhibit higher information frictions …. Our results are robust to using various proxies for financial development, to accounting for the endogeneity of finance …

Persistent link: https://www.econbiz.de/10009640281

Financial regulation, financial globalization and the synchronization of economic activity

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010

that become more integrated over time have less synchronized growth patterns, conditional on global shocks and country …

Persistent link: https://www.econbiz.de/10009640319

Financing obstacles among euro area firms

Ferrando, Annalisa; Griesshaber, Nicolas - 2011

In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...

Persistent link: https://www.econbiz.de/10009640626

Which households use banks?

Beck, Thorsten; Brown, Martin - 2011

This paper uses survey data for 29,000 households from 29 transition economies to explore how the use of banking services is related to household characteristics, bank ownership structure and the development of the financial infrastructure. At the household level we find that the holding of a...

Persistent link: https://www.econbiz.de/10009640628

Public finances and long-term growth in Europe

De Ávila, Diego Romero; Strauch, Rolf - 2003

countries that public finance reform affects trend growth. Focusing on time series patterns, we investigate whether there have …In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic u0093growth rate … been persistent shifts or trends in economic growth and fiscal variables over the last 40 years. In addition, we estimate a …

Persistent link: https://www.econbiz.de/10009635955

Unemployment, hysteresis and transition

León-Ledesma, Miguel; McAdam, Peter - 2003

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods benchmarked against the EU. In part of the paper, we work with the concept of linear u0093Hysteresisu0094 as described by the presence of unit roots in unemployment. Since this is...

Persistent link: https://www.econbiz.de/10009635980

Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

information on sales growth, but not as a result of reduced uncertainty. …

Persistent link: https://www.econbiz.de/10009639401

Towards the estimation of equilibrium exchange rates for CEE acceding countries

Maeso-Fernandez, Francisco; Osbat, Chiara; Schnatz, Bernd - 2004

This paper provides a discussion of methodological issues relating to the estimation of the long-run relationship between exchange rates and fundamentals for Central and Eastern European acceding countries, focusing on the so-called behavioural equilibrium exchange rate (BEER) approach. Given...

Persistent link: https://www.econbiz.de/10009639407

The impact of supply constraints on bank lending in the euro area

Hempell, Hannah Sabine; Sørensen, Christoffer Kok - 2010

supply and demand effects. We find that even when controlling for the effects coming from the demand side loan growth is …

Persistent link: https://www.econbiz.de/10009640278