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Macroeconomic Adjustment and Heterogeneity in the Euro Area
Torój, Andrzej - 2011
We revisit the subject of country-level macroeconomic adjustment in the euro area in the absence of autonomous monetary and exchange rate policy. We discuss how the procyclical real interest rate mechanism and the competitiveness channel of adjustment interact with various aspects of...
Persistent link: https://www.econbiz.de/10013130702
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Country adjustment to a "sudden stop" : does the euro make a difference?
Gros, Daniel; Alcidi, Cinzia - 2013
Persistent link: https://www.econbiz.de/10010440883
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Country adjustment to a "sudden stop" : does the euro make a difference?
Gros, Daniel; Alcidi, Cinzia - In: International economics and economic policy : IEEP 12 (2015) 1, pp. 5-20
Persistent link: https://www.econbiz.de/10011375791
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Output smoothing in EMU and OECD: can we forego government contribution? : A risk sharing approach
Marinheiro, Carlos Fonseca - 2003
This paper analyses the smoothing of asymmetric shocks to output for a sample of OECD countries. It also examines whether the private capital markets will be able to replace the government in providing output smoothing in the euro-area, in the near future. The research finds no evidence of large...
Persistent link: https://www.econbiz.de/10001807256
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Asymmetrische Schocks in der EWU : zum Bedarf an finanzpolitischen Anpassungsmechanismen
Belke, Ansgar - In: Hamburger Jahrbuch für Wirtschafts- und … 44 (1999), pp. 201 - 234
Persistent link: https://www.econbiz.de/10001454981
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Moving closer? : comparing regional adjustments to shocks in EMU and the United States
Furceri, Davide; Loungani, Prakash; Pizzuto, Pietro - In: Journal of international money and finance 120 (2022), pp. 1-15
Persistent link: https://www.econbiz.de/10013417429
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Identification using higher-order moments restrictions
Andrade, Philippe; Ferroni, Filippo; Melosi, Leonardo - 2023 - First draft (June 2022)
in the Euro Area. In both cases, using higher-moment restrictions significantly sharpens identification. After a shock to …
Persistent link: https://www.econbiz.de/10014335939
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Deflationary adjustment processes and the effectiveness of structural reforms in monetary union
Dēmopulos, Geōrgios D.; Yannacopoulos, Nicholas A. - In: The journal of business and economic studies 21 (2015) 1/2, pp. 1-13
Persistent link: https://www.econbiz.de/10011504644
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Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit : ein vernachlässigtes Kriterium
Heinemann, Friedrich - 1998
In diesem Beitrag wird neben einem kurzen Überblick über die Argumentationsweise und Probleme der Theorie optimaler … vor allem der Lohnflexibilität, aus. Aus dieser Erweiterung der Theorie der optimalen Währungsräume resultiert Skepsis …In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In …
Persistent link: https://www.econbiz.de/10011441036
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Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit - ein vernachlässigtes Kriterium
Heinemann, Friedrich - 1998
In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In … conventional theory is inspired by a phenomenon that can be observed for example in Germany but also in other European countries … the nominal exchange rate. The conventional theory with the focus on private agents' behaviour - e.g. in the context of …
Persistent link: https://www.econbiz.de/10013428120