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Macroeconomic dynamics in four selected new member states of the EU

Foresti, Pasquale; Marani, Ugo; Piroli, Giuseppe - In: International journal of economic policy in emerging … 8 (2015) 1, pp. 40-51

Persistent link: https://www.econbiz.de/10011347585

Nominal wage flexibility, wage indexation and monetary union

Calmfors, Lars; Johansson, Åsa - 2002

Membership in a monetary union implies stronger incentives for nominal wage flexibility in the form of wage indexation and shorter contract length than nonmembership. For example, entry into a monetary union may cause a move from a non-indexation to an indexation equilibrium. But more wage...

Persistent link: https://www.econbiz.de/10011410646

How does the ZLB affect the properties of alternative exchange rate systems?

Balfoussia, Hiona; Ntellas, Charēs; Papageorgiou, Dimitris - In: Oxford economic papers 73 (2021) 4, pp. 1404-1426

Persistent link: https://www.econbiz.de/10012655259

The relative importance of symmetric and asymmetric shocks : the case of United Kingdom and euro area

Peersman, Gert - 2007

Persistent link: https://www.econbiz.de/10003511397

Better off without the euro? : structural VAR assessment of European monetary policy

Fritsche, Jan Philipp; Harms, Patrick Christian - 2020

Modern OCA theory has developed different conclusions on when forming a currency union is beneficial. An important …

Persistent link: https://www.econbiz.de/10012301359

20 years of common European monetary policy : reasons to celebrate

Fritsche, Jan Philipp; Harms, Patrick Christian - In: DIW weekly report : economy, politics, science : a … 9 (2019) 20/21, pp. 179-187

Twenty years after the introduction of the euro, this Weekly Report uses an empirical analysis to assess the performance of monetary policy in the EMU founding states. It is often claimed that the monetary policy of the European Central Bank (ECB) cannot outperform its national predecessors, as...

Persistent link: https://www.econbiz.de/10012007718

Regional or global shock? : a global VAR analysis of Asian economic and financial integration

Ong, Sheue Li; Satō, Kiyotaka - In: The North American journal of economics and finance : a … 46 (2018), pp. 232-248

Persistent link: https://www.econbiz.de/10012036697

Does a Monetary Union Protect again Foreign Shocks? An Assessment of Latin American Integration using a Bayesian VAR

Allegret, Jean-Pierre; Sand, Alain - 2011

This paper analyses the monetary consequences of the Latin-American trade integration process. We consider a sample of five countries - Argentina, Brazil, Chile, Mexico and Uruguay - spanning the period 1991-2007. The main question raised pertains to the feasibility of a monetary union between...

Persistent link: https://www.econbiz.de/10014047657

Monetary Policy Transmission Mechanisms and Currency Unions : A Vector Error Correction Approach to a Trans-Tasman Currency Union

Haug, Alfred A.; Karagedikli, Özer; Ranchhod, Satish - 2006

inflation. Differences in transmission mechanisms can generate asymmetric behaviour among currency union partners when they …

Persistent link: https://www.econbiz.de/10014083025

Monetary policy implications on macroeconomic performance in the Common Monetary Area : a panel-SVAR framework

Shumba, Theron; Mukorera, Sophia - In: Economies : open access journal 11 (2023) 5, pp. 1-18

shock in the anchor country's repo rate is followed by a significant decline in RGDP_G, a decrease in inflation, a decrease … performance. This study traces how a shock or an unanticipated change in the anchor country's central bank's policy instrument, in … Vector Autoregressive model (Panel-SVAR) and annual data from 1980-2021, the findings show that a positive shock in the repo …

Persistent link: https://www.econbiz.de/10014319526