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Is the Euro-Area core price index really more persistent than the food and energy price indexes?

Belbute, José M. - In: Research in economics : an international review of economics 67 (2013) 4, pp. 307-315

Persistent link: https://www.econbiz.de/10010258508

The interest rate pass-through in the Euro area during the global financial crisis : conference paper

Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2013

This paper uses panel vector autoregressive models and simulations of an estimated DSGE model to explore the reaction of Euro area banks to the global financial crisis. We focus on their interest rate setting behavior in response to standard macroeconomic shocks. Our main empirical finding is...

Persistent link: https://www.econbiz.de/10010338974

Point and density forecasts for the Euro area using many predictors : are large BVARs really superior?

Berg, Tim Oliver; Henzel, Steffen - 2013

Forecast models with large cross-sections are often subject to overparameterization leading to unstable parameter estimates and hence inaccurate forecasts. Recent articles suggest that a large Bayesian vector autoregression (BVAR) with sufficient prior information dominates competing approaches....

Persistent link: https://www.econbiz.de/10010342246

Industry-level labour demand elasticities across the Eurozone : will there be any gain after the pain of internal devaluation?

Adam, Antonis; Moutos, Thomas - 2014

In this paper we estimate disaggregated labour demand equations using panel data involving observations across time (1970 - 2007) for twenty-three industries across eleven euro area countries. By using the EU KLEMS database, which provides data across countries, we provide industry-by-industry...

Persistent link: https://www.econbiz.de/10010370168

Can we expect convergence through monetary integration? : (new) OCA theory versus empirical evidence from European integration

Wagner, Helmut - In: Comparative economic studies 56 (2014) 2, pp. 176-199

Persistent link: https://www.econbiz.de/10010370394

The role of bank lending tightening on corporate bond issuance in the eurozone

Kaya, Orcun; Wang, Lulu - 2014

eurozone. By utilizing a unique data set provided by the ECB Bank Lending Survey, we capture the "pure" credit supply effect on … banks reporting considerable tightening on loans leads to around a 7% increase in firms' bond issuance in the eurozone … too. Furthermore, the impact of bank credit tightening on firms' bond issuance is particularly observable in core eurozone …

Persistent link: https://www.econbiz.de/10010349389

Is it really more dispersed? : measuring and comparing the stress from the common monetary policy in the euro area

Quint, Dominic - 2014

The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of how much monetary policy stress this causes at the national level. I measure monetary policy stress as the difference between actual ECB interest rates and Taylor-rule implied...

Persistent link: https://www.econbiz.de/10010349426

Monetary aggregates to improve early output gap estimates in the euro area -- an empirical assessment

Boysen-Hogrefe, Jens - 2014

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used to improve the reliability of early output gap estimates as proposed by several theoretical models. A real-time experiment shows that real M1 can improve output...

Persistent link: https://www.econbiz.de/10010248220

Structural reforms and fiscal adjustments : policy options for the euro area

Aarle, Bas van - In: Journal of economic policy reform 16 (2013) 4, pp. 320-335

Persistent link: https://www.econbiz.de/10010254495

Competitiveness and current account adjustments in the euro area

Böing, Tobias; Stadtmann, Georg - 2016

We empirically assess the impact of competitiveness measured by unit labor costs for current account balances in the Euro area. For this purpose, we estimate a panel with annual observations from 2000 to 2013. Our findings confirm the importance of competitiveness: Higher unit labor costs growth...

Persistent link: https://www.econbiz.de/10011442611