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In this paper, we present euro area money demand functions estimated for the sample period ranging from January 1994 to November 2010 with total and partial time-varying coefficients accounting for two structural changes. For this purpose, we make use of two different procedures viz. the Lee and...
Persistent link: https://www.econbiz.de/10010816794
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is tentative …
Persistent link: https://www.econbiz.de/10011129922
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is …
Persistent link: https://www.econbiz.de/10011095655
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is …
Persistent link: https://www.econbiz.de/10010929132
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is …
Persistent link: https://www.econbiz.de/10010934859
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is …
Persistent link: https://www.econbiz.de/10010884205
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is …
Persistent link: https://www.econbiz.de/10011277054
-monetary policy mix in the EMU and that it may complicate some aspects of the economic policy governance in the Eurozone. …
Persistent link: https://www.econbiz.de/10010857965
industrial firms, which have to survive in the environment of Eurozone and the market of 300 million consumers. Results show that … market which inevitably suffers from the sharpen competitive pressures taking place throughout Europe. …
Persistent link: https://www.econbiz.de/10010669668
In recent years, substantial current account imbalances and divergences of competitiveness emerged in the euro area. These disparities endanger the cyclical recovery and impair medium-term economic growth as well as the cohesion in the monetary union. The reduction of the imbalances will dampen...
Persistent link: https://www.econbiz.de/10008691139