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whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the …
Persistent link: https://www.econbiz.de/10011398432
to medium-run development of consumer prices in Germany, France and Italy. Furthermore, the analysis of the process of …-Verbraucherumfrage ermittelten Daten und die von Consensus Economics erhobenen Expertenprognosen für Deutschland, Frankreich und Italien. Die …
Persistent link: https://www.econbiz.de/10011419361
sovereign risk of Italy over the last five years. More than fifty events concerning non-standard operations are identified and … of Italy. …
Persistent link: https://www.econbiz.de/10009783711
in Germany and Italy, which are characterized by a large number of banks; but it is very weak in Spain and more … savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …
Persistent link: https://www.econbiz.de/10013078975
In this paper we present supporting evidence of the existence of heterogeneity in inflation dynamics across euro area countries. Based on the estimation of New Phillips Curves for five major countries of the euro area, we find that there is significant inertial (backward looking) behavior in...
Persistent link: https://www.econbiz.de/10013320202
whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the …
Persistent link: https://www.econbiz.de/10013320959
Monetary policy has implicit redistribution effects for households when households are different. This changes the aggregate consumption response to interest rate changes. This paper is the first to estimate the magnitude of redistributionary channels of monetary policy in the euro area. When...
Persistent link: https://www.econbiz.de/10014545241
evaluates empirically the effects of public expenditure and interest rate setting on equilibrium income in Italy from 1998 to …
Persistent link: https://www.econbiz.de/10013149782
summer of 2011, some bearish operations on government bonds have put in a corner Italy, Spain, Greece and Portugal. In the … winter 2011-2012 Italy was "urged" by the ECB toward a defined list of actions (to reduce its public debt and to realize some … were self-evident, because a default of Italy would probably have resulted in the end of the Euro (one of the top 10 world …
Persistent link: https://www.econbiz.de/10012985729
In this paper we briefly review the evolution of the Italian economy in the post-war period, discussing the shift from a first period when fiscal policy was targeted - among other things - at full employment, to a later period when controlling inflation through a "foreign discipline" became the...
Persistent link: https://www.econbiz.de/10011927157