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We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...
Persistent link: https://www.econbiz.de/10012843420
Persistent link: https://www.econbiz.de/10012004904
We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...
Persistent link: https://www.econbiz.de/10012154910
Persistent link: https://www.econbiz.de/10011563989
Persistent link: https://www.econbiz.de/10014383954
Persistent link: https://www.econbiz.de/10011498256
This paper attempts to gauge the effects of various fiscal and monetary policy rules on macroeconomic outcomes in the euro area. It consists of two major parts – a historical assessment and an assessment based on an extended scenario until 2030 – and it builds on the ECB-BASE –a...
Persistent link: https://www.econbiz.de/10012705515
This paper attempts to gauge the effects of various fiscal and monetary policy rules on macroeconomic outcomes in the euro area. It consists of two major parts – a historical assessment and an assessment based on an extended scenario until 2030 – and it builds on the ECB-BASE –a...
Persistent link: https://www.econbiz.de/10013312080
Persistent link: https://www.econbiz.de/10012000415
-- Neuorientierung der Regulierungspolitik -- Die Politik der Bewältigung der Schuldenkrise im Euroraum -- Die Geldpolitik der … Europäischen Semesters dargestellt. Eine besondere analytische Relevanz kommt dabei der Geldpolitik der Europäischen Zentralbank …
Persistent link: https://www.econbiz.de/10011765404