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crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … had remained unchecked prior to the crisis. As those imbalances eventually imploded, member states were found to be …
Persistent link: https://www.econbiz.de/10011894027
crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … had remained unchecked prior to the crisis. As those imbalances eventually imploded, member states were found to be …
Persistent link: https://www.econbiz.de/10012912309
of yield curves. At the height of the euro crisis, spreads between first-year yields were close to 7% for Italy and up to … -2% for Germany. The ECB's interventions designed to reduce the risk of a breakup successfully did so for Italy, but …
Persistent link: https://www.econbiz.de/10011865446
This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and in its three largest member countries over the period 2007-2018. The index is based on the...
Persistent link: https://www.econbiz.de/10012828229
In this paper, we discuss the relationship between the current account rebalancing in the Eurozone, income distribution … wage policies could be able to contribute to a more balanced development of the Eurozone and to overcome the export …
Persistent link: https://www.econbiz.de/10012930613
Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find … spillovers from US tax legislation to have the smallest effects on Eurozone countries' real GDP and UK tax changes to exert the …
Persistent link: https://www.econbiz.de/10012649097
In this paper we discuss the relationship between the current account rebalancing in the Eu-rozone, income distribution … wage policies could be able to contribute to a more balanced development of the Eurozone and to overcome the export …
Persistent link: https://www.econbiz.de/10011924464
, that Germany's industry is not more integrated in international value chains than that of France or Italy. We then look at …In zwei Kernländern der Euro-Zone gibt es eine symmetrische Debatte: in Frankreich über die restriktive Finanzpolitik … 2019 mit 1989 vergleicht, also vor der Vereinigung. Die meisten Studien zur relativen Position Deutschlands in der Euro-Zone …
Persistent link: https://www.econbiz.de/10012197774
Persistent link: https://www.econbiz.de/10009727413
Differences in labour market institutions and regulations between countries of the monetary union can cause divergent responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that differs across Ricardian and hand-to-mouth households....
Persistent link: https://www.econbiz.de/10014258210