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The Russian economy amidst the war and sanctions

Astrov, Vasily; Kochnev, Artem; Stamer, Vincent; Teti, … - 2024

The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which lost around 30% of its value. Global oil prices were declining in the first half of the year, the EU import embargo on Russian oil depressed prices even further; and on top of...

Persistent link: https://www.econbiz.de/10015070595

Exchange rate pass-through in the euro area and EU countries

Ortega, Eva; Osbat, Chiara - 2020

movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …

Persistent link: https://www.econbiz.de/10012521145

Exchange Rate Regime, Fiscal Foresight and the Effectiveness of Fiscal Policy in a Small Open Economy

Virkola, Tuomo - 2014

This paper studies the effects of discretionary fiscal policy shocks under different exchange rate regimes within a structural vector autoregressive (SVAR) model. We first suggest that by estimating the effects of fiscal policy shocks in two structurally similar small open economies that have...

Persistent link: https://www.econbiz.de/10012037640

Public wage and pension indexation in the euro area: An overview

Checherita-Westphal, Cristina (contributor) - 2022

If the responses of wages - both private and public - and of pensions to an increase in inflation lead to second …

Persistent link: https://www.econbiz.de/10013480188

Fiscal policy challenges in oil-exporting countries – a review of key issues

Sturm, Michael; Gurtner, François; Alegre, Juan Gonzalez - 2009

expansion has added to inflationary pressure, and monetary policy has been constrained in tackling inflation as a result of …

Persistent link: https://www.econbiz.de/10011606256

Repercussions in Latin America and the Caribbean of the war in Ukraine : how should the region face this new crisis?ECLAC

Vereinte Nationen / Economic Commission for Latin … - 2022

. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …

Persistent link: https://www.econbiz.de/10013329423

Drivers of post-pandemic price dynamics and labour market tightness in the euro area

Juvonen, Petteri; Nelimarkka, Jaakko; Obstbaum, Meri; … - 2025

We study recent inflation and labour market dynamics in the euro area within a general equilibrium framework. Rapid … inflation was mainly caused by demand and supply shocks, but labor market-specific shocks also contributed to the surge in … inflation. Our results underscore the significance of import price shocks in explaining the recent interactions between wages …

Persistent link: https://www.econbiz.de/10015410150

Analyse der Terms-of-Trade Österreichs

Schiman, Stefan; Reinstaller, Andreas - 2015

Die Terms-of-Trade (ToT) bezeichnen das Tauschverhältnis von Warenimporten zu Warnexporten, also die Relation von Export- zu Importpreisen. Das Einwirken gegenläufiger Kräfte führte in Österreich dazu, dass sich die ToT im langfristigen Vergleich relativ stabil entwickelten. Die vorliegende...

Persistent link: https://www.econbiz.de/10011345650

Verstärkt die „Große Rezession“ das Auseinanderdriften der Wettbewerbsfähigkeit in der EU?

Breuss, Fritz - 2009

At its 10th anniversary the EMU had to stand the baptism of fire caused by the "Great Recession" 2009. By and large it mastered this test. The introduction of the Euro, however, has brought to light the latent weaknesses in competitiveness of some member states of the Euro area, consisting up to...

Persistent link: https://www.econbiz.de/10011379786

Reserve accumulation - objective or by-product?

de Beaufort Wijnholds, Johannes Onno; Søndergaard, Lars - 2007

This paper examines whether the level of reserves in emerging market countries has become excessive. It presents a discussion of “adequacy” versus “excessive” levels of reserves, and presents calculations of reserve adequacy for a large number of emerging market countries. Two categories...

Persistent link: https://www.econbiz.de/10011606225