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in the economy, suggesting evidence for the money endogeneity theory of post-Keynesian economists. In particular, bank …
Persistent link: https://www.econbiz.de/10009441819
This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...
Persistent link: https://www.econbiz.de/10009476887
This paper examines possible explanations for observed differences in the transmission of euro area monetary policy in central bank large-scale macroeconomic models. In particular it considers the extent to which these differences are due to differences in the underlying economies or (possibly...
Persistent link: https://www.econbiz.de/10012530065
Incluye bibliografía ; This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that stronger competition...
Persistent link: https://www.econbiz.de/10012530221
particular, standard local projections identify responses that include an effect due to the persistence of the shock, while … projections and moving average representations. In particular, the inclusion of leads of the shock in local projections allows to … proyecciones locales estándar identifi can respuestas que incluyen un efecto debido a la persistencia del shock, mientras que las …
Persistent link: https://www.econbiz.de/10012523677
Artículo de revista ; Reference macroeconomic scenarios for the Spanish economy after Covid-19
Persistent link: https://www.econbiz.de/10012524453
eficiente en I+D. ; The coronavirus pandemic has placed our economy in an unprecedented situation. The adverse shock has been on … size of firms and the high temporary employment ratio – make it more vulnerable than other countries to this shock. This … loss of income of the households and firms affected by the crisis and to prevent a temporary shock from causing persistent …
Persistent link: https://www.econbiz.de/10012525072
The coronavirus pandemic has placed our economy in an unprecedented situation. The adverse shock has been on an … and the high temporary employment ratio – make it more vulnerable than other countries to this shock. This situation … income of the households and firms affected by the crisis and to prevent a temporary shock from causing persistent effects …
Persistent link: https://www.econbiz.de/10012525073
Southeast Asian industrial exports are facing intense competition from Chinese industrial exports. How much more will competition increase as a result of China's recent accession to the World Trade Organization? Will Indonesia, Malaysia, the Philippines, and Thailand (the ASEAN-4)...
Persistent link: https://www.econbiz.de/10009451727
This report considers four short-term, alternative scenarios for the eurozone and analyses their possible implications for global economic trends and the gold market. Overall, the main findings suggest that in the near future, motives other than inflation hedging will be the main drivers of gold...
Persistent link: https://www.econbiz.de/10009463776