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Persistent link: https://www.econbiz.de/10010486510
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
rates EUR/GRD and EUR/ITL during the euro zone membership period. Leaving the euro area one can expect the following market … rates: EUR/GRD 600 and EUR/ITL 1850. That would mean 75% depreciation and 5% appreciation to the current euro parities EUR …
Persistent link: https://www.econbiz.de/10013166669
Persistent link: https://www.econbiz.de/10003917891
Using the introduction of the euro as a natural experiment, we provide economy-wide evidence for money illusion based … effect between 2.4% and 7.6%. Compared to previous studies on money illusion in the course of the euro currency changeover …
Persistent link: https://www.econbiz.de/10011316505
unhappiness among concerned citizens to the actual votes for Germany's first major anti-euro party in the subsequent federal …This empirical study investigates if people's concerns about the euro currency affect their life satisfaction. A … using the intensity of media coverage on the euro crisis with its extraordinary events throughout the year 2011 as an …
Persistent link: https://www.econbiz.de/10010498374
Persistent link: https://www.econbiz.de/10010411925
Using the introduction of the euro as a natural experiment, we provide economy-wide evidence for money illusion based … effect between 2.4% and 7.6%. Compared to previous studies on money illusion in the course of the euro currency changeover …
Persistent link: https://www.econbiz.de/10013015322
Persistent link: https://www.econbiz.de/10013372913
European Union. Regression results are provided for Western Germany, France, and Italy. It is shown that labour mobility is … highest in Germany, followed by France, and Italy. However, even in Germany, the accommodation of a shock to unemployment by …
Persistent link: https://www.econbiz.de/10011443287