Showing 1 - 7 of 7
Zusammenfassung Dieser Beitrag liefert einen Uberblick über die Bedeutung asymmetrischer makroökonomischer Strukturen in den EWU Mitgliedsländern für die einheitliche Geldpolitik. Zunächst wird im Rahmen eines Modells illustriert, welche grundsätzliche Bedeutung asymmetrischen...
Persistent link: https://www.econbiz.de/10014608865
Abstract Based on new estimates of public and private capital stocks for 22 OECD countries we study the dynamic effect of public capital on the real gross domestic product using a vector autoregression approach. Whereas most former studies put effort on examining the effects of public capital in...
Persistent link: https://www.econbiz.de/10014619285
Traditionally, the status of an economy has been measured regarding its real output. The most popular yardstick for this figure is the gross domestic product. Gross Domestic Product, however, does not take into account many more complex elements of economic welfare. Efficient and accurate...
Persistent link: https://www.econbiz.de/10012047503
Abstract Carbon dioxide (CO 2 ) traps heat from the sun, and thereby prevents oceans from becoming frozen solid to keep the earth habitable. CO 2 emission also stimulates global warming and increases the pace of climate change. For such contradictory influences, researchers across the globe have...
Persistent link: https://www.econbiz.de/10014621179
Zusammenfassung: Initiiert von einer lebhaften öffentlichen und wissenschaftlichen Debatte um die Eignung des Bruttoinlandsprodukts als Indikator für materiellen Wohlstand sind zahlreiche alternative Maße zur Wohlstands- und Wohlfahrtsmessung entwickelt worden. Fällt dabei die Wahl auf einen...
Persistent link: https://www.econbiz.de/10014630888
Summary In this paper we assess the information content of seven widely cited early indicators for the euro area with respect to forecasting area-wide industrial production. To this end, we use various tests that are designed to compare competing forecast models. In addition to the standard...
Persistent link: https://www.econbiz.de/10014609329
Abstract This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its main focus is on the Outright Monetary Transactions (OMT) Programme which is praised by some as the ECB’s “magic wand”. Moreover, it discloses further possible...
Persistent link: https://www.econbiz.de/10014619295