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The new Lisbon strategy : an estimation of the economic impact of reaching five Lisbon targets

Gelauff, George M. M.; Lejour, Arjan M. - 2006

The Lisbon strategy could reinvigorate Europeu0092s economy and boost employment. In 2000 the European leaders agreed to stimulate economic growth and employment and make Europeu0092s economy the most competitive in the world. If Europe would really reach the goals they set, Europeu0092s Gross...

Persistent link: https://www.econbiz.de/10009637702

The real effects of money growth in dynamic general equilibrium

Graham, Liam; Snower, Dennis J. - 2004

We analyse the effects of money growth within a standard New Keynesian framework and show that the interaction between staggered nominal contracts and money growth leads to a long-run trade-off between output and money growth. We explore the microeconomic mechanisms that lead to this trade-off,...

Persistent link: https://www.econbiz.de/10009639472

Monetary policy and the financing of firms

De Fiore, Fiorella; Teles, Pedro; Tristani, Oreste - 2009

How should monetary policy respond to changes in financial conditions? In this paper we consider a simple model where firms are subject to idiosyncratic shocks which may force them to default on their debt. Firms’ assets and liabilities are denominated in nominal terms and predetermined when...

Persistent link: https://www.econbiz.de/10009640456

Managing household debts : social service provision in the EU ; Workshop report - Brussels, 25 June 2010

European Foundation for the Improvement of Living and … - 2010

Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of … household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or …

Persistent link: https://www.econbiz.de/10011903923

Managing household debts : Social service provision in the EU ; Working paper

Dubois, Hans; Anderson, Robert - 2010

Household over-indebtedness is among the causes of the current financial crisis. In turn, the crisis exacerbated both … public and private debt problems. In this paper, household over-indebtedness is broadly defined as the situation where a … household cannot comply with payment requirements – whether it be mortgage, utility or consumer credit payments – on a …

Persistent link: https://www.econbiz.de/10011903924

Consumer inflation expectations in Poland

£yziak, Tomasz - 2003

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...

Persistent link: https://www.econbiz.de/10009635882

Consumption, habit persistence, imperfect information and the lifetime budget constraint

Willman, Alpo - 2003

Based on the householdsu0092 utility maximisation, a closed form approximation of the consumption function is derived and the deep parameters of the consumption function are estimated using aggregate euro area data. The novel element in our approach is the parameterisation of the information...

Persistent link: https://www.econbiz.de/10009635925

How much does the public know about the ECB's monetary policy?

Cruijsen, Carin van der; Jansen, David-Jan; Haan, Jakob de - 2010

Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB’s objectives is far from perfect. Both a...

Persistent link: https://www.econbiz.de/10009640274

Mortgage indebtedness and household financial distress

Georgarakos, Dimitris; Lojschova, Adriana; … - 2010

-adjusted income levels, various socioeconomic characteristics, housing traits, country-specific constant terms, and household …

Persistent link: https://www.econbiz.de/10009640403

Choosing and using payment instruments

Kalckreuth, Ulf von; Schmidt, Tobias; Stix, Helmut - 2009

Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in terms of number, and for 58% in terms of value. With a new and unique dataset that combines transaction information with survey data on payment behaviour of German consumers, we...

Persistent link: https://www.econbiz.de/10009640426