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A Bottom-Up Reduced Form Phillips Curve for the Euro Area
McGregor, Thomas; Toscani, Frederik - 2022
We develop a bottom-up model of inflation in the euro area based on a set of augmented Phillips curves for seven subcomponents of core inflation and auxiliary regressions for non-core items. We use the model’s disaggregated structure to explore which factors drove the deterioration in...
Persistent link: https://www.econbiz.de/10014264528
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Modelling the economic impacts of climate change on global and European agriculture : review of economic structural approaches
Fernández, Francisco J.; Blanco, Maria - 2015
The economic effects of climate change on agriculture have been widely assessed in the last two decades. Many of these assessments are based on the integration of biophysical and agro-economic models, allowing to understand the physical and socio-economic responses of the agricultural sector to...
Persistent link: https://www.econbiz.de/10010505129
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Adjustment in EMU: is convergence assured?
Dullien, Sebastian; Fritsche, Ulrich; Größl, Ingrid; … - 2009
adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability …
Persistent link: https://www.econbiz.de/10003915319
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Adjustment in EMU : is convergence assured?
Dullien, Sebastian; Fritsche, Ulrich; Größl, Ingrid; … - 2009
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...
Persistent link: https://www.econbiz.de/10010425867
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Analysing convergence in Europe using a non-linear single factor model
Fritsche, Ulrich; Kuzin, Vladimir - 2008
We investigate convergence in European price level, unit labor cost, income, and productivity data over the period of … extremely flexible on order to model a large number of transition paths to convergence. We find regional clusters in consumer … indicate the existence of three convergence clubs without strong regional linkages; Italy and Germany are not converging to any …
Persistent link: https://www.econbiz.de/10010426359
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Does the dispersion of unit labor cost dynamics in the EMU imply long-run divergence? : results from a comparison with the United States of America and Germany
Dullien, Sebastian; Fritsche, Ulrich - 2007
inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models …. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …
Persistent link: https://www.econbiz.de/10010426361
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Till labor cost do us part : on the long run convergence of EMU countries
Pancotto, Francesca; Pericoli, Filippo Maria - 2011
A sustainable long-run pattern in the relative competitiveness of euro area countries is a key factor for the survivorship of the monetary union. We analyze the issue focussing on unit labor cost dynamics using cointegration analysis for the whole economy and for the manufacturing sector...
Persistent link: https://www.econbiz.de/10011735051
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Analyse von Handlungsoptionen in der EU-Getreidemarktpolitik
Ledebur, Oliver von; Ehrmann, Markus; Offermann, Frank; … - 2008
in 2014/15 Erzeugerpreise in der EU, die bei Weizen um etwa ein Drittel über dem Basisjahr liegen, während sich die … Preise für sonstiges Getreide nicht wesentlich vom bestehenden Interventionspreis in der EU abheben. Die größten …
Persistent link: https://www.econbiz.de/10003956826
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Strukturwandel in der europäischen Milchviehhaltung : Ergebnisse einer regional differenzierten Befragung
Lutter, Markus - 2009
Competitive pressure in European dairy farming is increasing due to progressing liberalisation of the EU milk market …
Persistent link: https://www.econbiz.de/10003876993
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Elintarvikkeiden hinnanmuodostus ja markkinoiden toimivuus
Kotilainen, Markku (contributor) - 2010
report consists of international comparisons. The main comparison countries are the so-called old EU countries (EU15) of … Western Europe, the new EU countries (EU12) and the United States. Comparisons are also made with individual countries. After … couple of per cent higher and in December 2009 about 7 per cent higher than the average in the old EU countries, but it is …
Persistent link: https://www.econbiz.de/10003926197