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Benefits of EMU participation : estimates using the synthetic control method

Verstegen, Loes; Groezen, Bas van; Meijdam, Lex - 2017

Persistent link: https://www.econbiz.de/10011718414

Global models for a global pandemic: the impact of COVID-19 on small euro area economies

García, Pablo; Jacquinot, Pascal; Lenarcic, Crt; … - 2021

This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...

Persistent link: https://www.econbiz.de/10012643287

Global models for a global pandemic: the impact of COVID-19 on small Euro area economies

García, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021

Persistent link: https://www.econbiz.de/10012798257

Global models for a global pandemic : the impact of COVID-19 on small euro area economies

García, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2023

Persistent link: https://www.econbiz.de/10014307027

Financial heterogeneity and monetary union

Gilchrist, Simon; Schoenle, Raphael; Sim, Jae W.; … - 2023

Persistent link: https://www.econbiz.de/10014322418

A single monetary policy for heterogeneous labour markets : the case of the euro area

Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023

Differences in labour market institutions and regulations between countries of the monetary union can cause divergent responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that differs across Ricardian and hand-to-mouth households....

Persistent link: https://www.econbiz.de/10013492935

Monetary policy and local industry structure

Popov, Alexander; Steininger, Lea - 2023

We study how monetary policy affects local market competition in a union of countries experiencing different economic conditions: the euro area. We find that when monetary conditions tighten (loosen), from the point of view of an individual economy, market concentration increases (declines)....

Persistent link: https://www.econbiz.de/10013552619

The fragility of two monetary regimes : the European monetary system and the Eurozone

Ji, Yuemei; De Grauwe, Paul - 2013

We analyze the similarities and the differences in the fragility of the European Monetary system (EMS) and the Eurozone … foreign exchange markets while in the Eurozone it was the absence of a lender of last resort in the long-term government bond … Eurozone the roles were reversed. The national central banks that became part of the Eurosystem were strengthened. This came at …

Persistent link: https://www.econbiz.de/10010210104

Germany and the euroland crisis : the making of a vulnerable haven

Bibow, Jörg - 2013

This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...

Persistent link: https://www.econbiz.de/10009757118

EMU and the cyclical behavior of fiscal policy : a suggested interpretation

Landmann, Oliver - 2014 - Rev.

to pursue stability for the aggregate eurozone, fiscal policies failed to contain macroeconomic divergence across the …

Persistent link: https://www.econbiz.de/10010401689