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This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10012444720
tool to identify and characterize expectations of business cycle phases for Germany, Spain, the Euro Area, and the European … more sensitive to international disturbances. Our results also reveal a lack of synchronization of the expectations across …
Persistent link: https://www.econbiz.de/10011865218
This paper examines German business survey data to uncover the influence of political news on expectations concerning …
Persistent link: https://www.econbiz.de/10011621979
to unemployment over the last decade is a result of firmly anchored inflation expectations. …
Persistent link: https://www.econbiz.de/10014284063
agents form their expectations, we show that survey expectations contain relevant information about business cycle …
Persistent link: https://www.econbiz.de/10011076537
Monetary policy increasingly relies on steering market expectations about future policy. This paper identifies a … improves sentiment and business cycle expectations in the euro area, which is consistent with the notion of the Fed revealing …
Persistent link: https://www.econbiz.de/10011921241
stabilize economic growth and in ation expectations through the signaling channel. In doing so, we assess survey …-based expectations data for up to 44 economies from 2002 to 2017 and analyze the impact of the adoption of a negative interest rate … policy on expectations made by professionals based on a difference-in-differences approach. Our main findings are as follows …
Persistent link: https://www.econbiz.de/10012145633
unfavourable shift in country-specific market expectations. …
Persistent link: https://www.econbiz.de/10010702731
Monetary policy increasingly relies on steering market expectations about future policy. This paper identifies a … improves sentiment and business cycle expectations in the euro area, which is consistent with the notion of the Fed revealing …
Persistent link: https://www.econbiz.de/10014637094
The Consumer Expectations Survey (CES) is an important new tool for analysing euro area household economic behaviour … and expectations. This new survey covers a range of important topical areas including consumption and income, inflation …
Persistent link: https://www.econbiz.de/10012703193