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Structural reforms at the zero bound
Vogel, Lukas - 2014
Persistent link: https://www.econbiz.de/10010516841
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Negative interest rates in the euro area : does it hurt banks?
Strasky, Jan; Hwang, Hyunjeong - 2019
The negative interest rate policy (NIRP) has been in place in the euro area since June 2014. While the NIRP can provide additional monetary accommodation in the situation where the neutral rate of interest is most likely negative, there are also unintended consequences for banks’ profitability...
Persistent link: https://www.econbiz.de/10012111120
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Speed of adjustment to selected labour market and tax reforms
Mourougane, Annabelle; Vogel, Lukas - 2008
Persistent link: https://www.econbiz.de/10003785872
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Oil price shocks, rigidities and the conduct of monetary policy : some lessons from a new Keynesian perspective
Duval, Romain; Vogel, Lukas - 2008
Persistent link: https://www.econbiz.de/10003691857
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Reforming in a difficult macroeconomic context : a review of the issues and recent literature
Caldera Sánchez, Aida; De Serres, Alain; Yashiro, Naomitsu - 2016
This paper reviews the main issues related to the short-term impact of structural reforms in different macroeconomic contexts and takes stock of existing theoretical and empirical studies. Taking reforms introduced in “normal” times as a benchmark, it reviews the available evidence on the...
Persistent link: https://www.econbiz.de/10011577742
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Herausforderungen der Niedrigzinsphase für die Finanzpolitik
Deutschland / Bundesministerium der Finanzen / …; … - 2017 - Stand: Mai 2017
Persistent link: https://www.econbiz.de/10011686045
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Euro area unemployment insurance at the time of zero nominal interest rates
Claveres, Guillaume; Strasky, Jan - 2018
The discussion about a fiscal stabilisation capacity as a way of providing more fiscal integration in the euro area has strengthened in the aftermath of the European sovereign debt crisis. Among the instruments that can be used for temporary macroeconomic stabilisation in the presence of both...
Persistent link: https://www.econbiz.de/10011914305
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Euro-US dollar exchange rate dynamics at the effective lower bound
McCoy, Eric - Europäische Kommission / Generaldirektion Wirtschaft … - 2020
Persistent link: https://www.econbiz.de/10012431938
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An estimated new Keynesian dynamic stochastic general equilibrium model of the euro area
Ratto, Marco; Veld, Jan in 't; Girardi, Riccardo; … - 2005
Persistent link: https://www.econbiz.de/10002574423
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Business investment in EU countries
Bańbura, Marta (contributor); Albani, Maria (contributor);  … - European System of Central Banks / Working Group on … - 2018
the level of overall activity. However rates of capital stock growth have slowed down since the crisis. The main cyclical … the latter, including across countries. Finally, intra-sector capital misallocation, measured as the within …-sector dispersion across firms in the marginal revenue product of capital, has been increasing in Europe since 2002, which may in turn …
Persistent link: https://www.econbiz.de/10011918803