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Budget-neutral fiscal rules targeting inflation differentials
Brede, Maren - 2016
In light of persistent in ation dispersion and rising debt levels in the EMU, this paper investigates the welfare implications of budget-neutral scal policies that counteract in ation di erentials. In a two-country DSGE model of a monetary union with traded and non-traded goods a national scal...
Persistent link: https://www.econbiz.de/10011437921
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Empirische und theoretische Studien zur Europäischen Währungsunion
Hayo, Bernd - 1998
Persistent link: https://www.econbiz.de/10000645197
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Long-Run Determinants of Inflation Differentials in a Monetary Union
Altissimo, Filippo - 2005
This paper analyzes the long-run determinants of inflation differentials in a monetary union. First, we aim at …some stylized facts relating the regional dispersion in headline inflation rates in the euro area as well as in the …-traded sector as the primary cause of price and inflation differentials, with shocks to productivity in the traded sector being …
Persistent link: https://www.econbiz.de/10012467206
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Inflation convergence in the EMU
Karanasos, Menelaos; Koutroumpis, P.; Karavias, Y.; … - In: Journal of empirical finance 39 (2016), pp. 241-253
Persistent link: https://www.econbiz.de/10011664324
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Long-Run Determinants of Inflation Differentials in a Monetary Union
Altissimo, Filippo; Benigno, Pierpaolo; … - 2021
This paper analyzes the long-run determinants of inflation differentials in a monetary union. First, we aim at … establishingsome stylized facts relating the regional dispersion in headline inflation rates in the euro area as well as in the main … the primary cause of price and inflation differentials, with shocks to productivity in the traded sector being largely …
Persistent link: https://www.econbiz.de/10013229085
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MUSE: Monetary Union and Slovak Economy model
Senaj, Matúš; Výškrabka, Milan; Zeman, Juraj - In: Ekonomický časopis : časopis pre ekonomickú … 60 (2012) 5, pp. 435-459
Persistent link: https://www.econbiz.de/10010189685
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Government debt deleveraging in the EMU
Cole, Alexandre Lucas; Guerello, Chiara; Traficante, Guido - In: International economics : a journal published by CEPII … 173 (2023), pp. 296-324
Persistent link: https://www.econbiz.de/10014373827
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A HANK2 model of monetary unions
Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023
How does a monetary union alter the impact of business cycle shocks at the household level? We develop a Heterogeneous Agent New Keynesian model of two countries (HANK2) and show in closed form that a monetary union shifts the adjustment to a shock horizontally - across countries - within the...
Persistent link: https://www.econbiz.de/10014305671
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A HANK2 model of monetary unions
Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023
Persistent link: https://www.econbiz.de/10014326986
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On the institutional design of the European Monetary Union : conservatism, stability pact and economic shocks
Gambacorta, Leonardo - In: Economic notes : economic review of Banca Monte dei … 30 (2001) 1, pp. 109-143
Persistent link: https://www.econbiz.de/10001571129