Narrow search
Showing 1 - 10 of 929
Cover Image
The Predictive Power of the European Economic Sentiment Indicator
Gelper, Sarah - 2008
Economic sentiment surveys are carried out by all European Union member states on a monthly basis. The survey outcomes are used to obtain early insight into future economic evolutions and often receive extensive press coverage. Based on these surveys, the European Commission constructs an...
Persistent link: https://www.econbiz.de/10012725511
Cover Image
The effects of economic policy uncertainty on European economies : evidence from a TVP-FAVAR
Prüser, Jan; Schlösser, Alexander - 2017
Recent events such as the financial and sovereign debt crisis have triggered an increase in European Economic Policy Uncertainty (EPU). We use a TVP-FAVAR model with hierarchical priors on the hyperparameters to investigate the effect of EPU on a wide range of macroeconomic variables for eleven...
Persistent link: https://www.econbiz.de/10011700808
Cover Image
On optimal currency areas and common cycles : are the acceding countries ready to join the euro?
Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2021
The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10012499619
Cover Image
On optimal currency areas and common cycles : are the acceding countries ready to join the euro?
Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2021
The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10012506932
Cover Image
Cyclical drivers of euro area consumption : what can we learn from durable goods?
Casalis, André; Krustev, Georgi - 2020
We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … cross-country heterogeneity in how different factors (including durable-specific ones) explain consumption; (iii) the … strength of spillovers from durable to nondurable consumption, as predicted by theory, is empirically correlated with how much …
Persistent link: https://www.econbiz.de/10012197836
Cover Image
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
Cover Image
Asset price shocks, real expenditures, and financial structure : a multi-country analysis
Chirinko, Robert S. (contributor); Haan, Leo de (contributor) - 2008
This paper examines the responses of private consumption, residential investment, and business investment in 11 EU … structure. We are thus able to document the importance of a wealth/balance sheet channel for private consumption and residential …
Persistent link: https://www.econbiz.de/10003730274
Cover Image
Sustainability of convergence in the context of macro-prudential policies in the European Union
Triandafil, Cristina Maria - 2013
This postdoctoral research aimed to highlight sustainability convergence criteria in the context of financialisation, with impact on the prudential regulator. Based on complex analysis, the research work has revealed that countries in Central and Eastern Europe still face significant...
Persistent link: https://www.econbiz.de/10010529061
Cover Image
The analysis of the convergence criteria : empirical perspective in the context of the sustainable character highlight
Triandafil, Cristina Maria - 2011
This study envisages analyzing the convergence criteria in the context of recent macroeconomic developments, focusing on their sustainability. In order to highlight the sustainability of convergence indicators, the paper includes an analysis of the initial dynamics, both in terms of nominal and...
Persistent link: https://www.econbiz.de/10010529079
Cover Image
European integration and the Feldstein-Horioka puzzle
Katsimē, Margarita; Gylfi Zoega - 2015
We estimate the Feldstein-Horioka equation for the period 1960 - 2012 and find structural breaks that coincide with the introduction of the European single market in 1993, the introduction of the euro in 1999 and the financial crisis in 2008. The results suggest that the correlation between...
Persistent link: https://www.econbiz.de/10010475336