This paper analyzes the determinants of German exports to the euro area, which is by far the biggest market for German products. Four conditional error-correction models based on regionally disaggregated data are developed. One specification includes EMU industrial production and a real external...

The authors of this paper formulate a disequilibrium AS-AD model based on sticky wages and prices, perfect foresight of current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model consists of a wage and a price Phillips curves, a...

In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow a macroeconomic policy view focussing on the more restrictive stance of monetary, fiscal and wage policies in the Euro area. In the present paper we focus on the particular...

pt. 1. Transatlantic linkages -- pt. 2. The crisis and policies: a transatlantic perspective -- pt. 3. Institutions, rivalry, and the consequences for democracy -- pt. 4. The European currency and transatlantic relations.

Am 13. September hielt der Präsident der Europäischen Kommission Jean-Claude Junker eine vielbeachtete Rede zur Lage der Union. Kontrovers diskutiert wurde vor allem ein kurzer Abschnitt, in dem er das Ziel formulierte, der Euro solle die Wäh-rung der gesamten Europäischen Union sein. Auch...

Central banks have recently adjusted their communication strategies to enhance engagement with the general public, yet there is limited understanding of public sentiment regarding monetary policy announcements. This paper investigates whether monetary policy announcements influence household...