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Declining Output Volatility in Germany: Impulses, Propagation, and the Role of Monetary Policy
Fritsche, Ulrich; Kuzin, Vladimir - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2004
This paper investigates the effect of economic integration on the ability of firms to maintain a collusive understanding about staying out of each other's markets. The paper distinguishes among different types of trade costs: ad valorem, unit, fixed. It is shown that for a sufficient reduction...
Persistent link: https://www.econbiz.de/10005068976
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Completing the monetary union of Europe as mid-term solution of the Euro crisis
Fischer, Justina A. V.; Pastore, Francesco - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
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Structural asymmetries at the roots of the eurozone crisis : what's new for industrial policy in the EU?
Botta, Alberto - 2014
future European Union (EU) industrial policy should be regionally focused and specifically target structural changes in the … all, future EU industrial policy should be much more interventionist than it currently is, and dispose of much larger …
Persistent link: https://www.econbiz.de/10010337634
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The end of grand expectations : monetary and financial integration after the crisis in Europe
Dieter, Heribert - 2014
The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...
Persistent link: https://www.econbiz.de/10010367480
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Real and monetary policy convergence : EMU crisis to the CFA Zone
Asongu, Simplice A. - 2012
Purpose - A major lesson of the EMU crisis is that serious disequilibria result from regional monetary arrangements not designed to be robust to a variety of shocks. The purpose of this paper is to assess these disequilibria within the CEMAC, UEMOA and CFA zones. Design/methodology/approach - In...
Persistent link: https://www.econbiz.de/10011410050
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Are proposed African monetary unions optimal currency areas? : real, monetary and fiscal policy convergence analysis
Asongu, Simplice A. - 2012
Purpose - A spectre is hunting embryonic African monetary zones: the EMU crisis. This paper assesses real, monetary and fiscal policy convergence within the proposed WAM and EAM zones. The introduction of common currencies in West and East Africa is facing stiff challenges in the timing of...
Persistent link: https://www.econbiz.de/10011410252
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Are proposed African monetary unions optimal currency areas? : real and monetary policy convergence analysis
Asongu, Simplice A. - 2012
Purpose - A spectre is hunting embryonic African monetary zones: the EMU crisis. This paper assesses real and monetary policy convergence within the proposed WAM and EAM zones. The introduction of common currencies in West and East Africa is facing stiff challenges in the timing of monetary...
Persistent link: https://www.econbiz.de/10011410263
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Taylor rules for CEE-EU countries : how much heterogeneity?
Sydykova, Meerim; Stadtmann, Georg - 2015
We derive Taylor rates for those CEE-EU countries which are not part of the Eurozone. The degree of heterogeneity …
Persistent link: https://www.econbiz.de/10011385213
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The Austrian Economy in the European Union : A First Assessment
Handler, Heinz - 2011
After joining the EU in 1995, uncertainties over the future legal and administrative system remained latent. But there … feasible policy responses also in adverse circumstances. Austria was striving to become an active Member of the EU, mirrored in … the early preparation of the Austrian presidency of the EU in the second half of 1998. In accordance with the policy …
Persistent link: https://www.econbiz.de/10013123478
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Escaping the Eurozone's 'Doom Loop'
Mullineux, Andy W. - 2014
Spanish debt crisis and for the establishment of a ‘Banking Union' in the EU to resolve the wider crisis and prevent future …
Persistent link: https://www.econbiz.de/10013065042