Narrow search
Showing 1 - 10 of 2,970
Cover Image
Potential output and fiscal rules in a monetary union under asymmetric information - 2nd ed
Marattin, Luigi; Meraglia, Simone - 2016 - 2nd edition
We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information on member states' potential output and (ii) bail-out among member states. The first-best deficit is contingent on the cycle, that is, on member states' output gap. In the presence of asymmetric...
Persistent link: https://www.econbiz.de/10011705510
Cover Image
Financial Factors : Implications for Output Gaps
Rabanal, Pau - 2015
We suggest a new approach for analyzing the role of financial variables and shocks in computing the output gap. We estimate a two-region DSGE model for the euro area, with financial frictions at the household level, between 2000-2013. After joining the monetary union, a decline in some...
Persistent link: https://www.econbiz.de/10013016603
Cover Image
Potential Output and Fiscal Rules in a Monetary Union Under Asymmetric Information
Marattin, Luigi - 2015
We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information about member states' potential output and, therefore, output gap and (ii) bail-out among member states. In our framework, bail-out lowers the scope for signalling (discrimination) by member states...
Persistent link: https://www.econbiz.de/10013019233
Cover Image
Potential Output and Fiscal Rules in a Monetary Union Under Asymmetric Information – 2nd Ed
Marattin, Luigi - 2016
We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information on member states' potential output and (ii) bail-out among member states. The first-best deficit is contingent on the cycle, that is, on member states' output gap. In the presence of asymmetric...
Persistent link: https://www.econbiz.de/10012994210
Cover Image
Financial factors : implications for output gaps
Rabanal, Pau; Taheri Sanjani, Marzie - 2015
We suggest a new approach for analyzing the role of financial variables and shocks in computing the output gap. We estimate a two-region DSGE model for the euro area, with financial frictions at the household level, between 2000-2013. After joining the monetary union, a decline in some...
Persistent link: https://www.econbiz.de/10011447069
Cover Image
Measures of the output gap in the Euro-Zone : an empirical assessment of selected methods
Chagny, Odile - 2001
Persistent link: https://www.econbiz.de/10013261146
Cover Image
Measures of the output gap in the Euro-zone : an empirical assessment of selected methods
Chagny, Odile; Döpke, Jörg - 2001
die Euro-Zone. Obwohl die Methoden einige wichtige gemeinsame Eigenschaften aufweisen, zeigen sie auch erhebliche …The paper discusses some widely used methods for estimating output gaps based on aggregated data for the eurozone … methods commonly used have only limited information content for inflation forecasting in the euro-zone. Conclusions for …
Persistent link: https://www.econbiz.de/10011473858
Cover Image
Potential output and fiscal rules in a monetary union under asymmetric information
Marattin, Luigi; Meraglia, Simone - 2015
We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information about member states' potential output and, therefore, output gap and (ii) bail-out among member states. In our framework, bail-out lowers the scope for signalling (discrimination) by member states...
Persistent link: https://www.econbiz.de/10011714310
Cover Image
The Euro-project at risk
Hankel, Wilhelm; Hauskrecht, Andreas; Stuart, Bryan - 2010
In contrast to Robert Mundell's Optimum Currency Area theory and his recommendation of forming a monetary union, the economic fundamentals of Euro area member countries have not harmonized. The opposite holds: the Euro core countries - most of all Germany, but also the Netherlands and Finland -...
Persistent link: https://www.econbiz.de/10008695492
Cover Image
European monetary union from a British, Danish and European perspective or "Euro or not Euro : that is the Question"
Marsh, David - In: Nationaløkonomisk tidsskrift 147 (2009) 3, pp. 375-390
Persistent link: https://www.econbiz.de/10003966365