Showing 1 - 10 of 45,511
Persistent link: https://www.econbiz.de/10009007463
simulation experiments(over a 20-year period) to quantify the importance of convergence, household fixed effectsand shocks. First …, we find powerful convergence. In the absence of shocks and withouthousehold fixed effects there is rapid growth over the …
Persistent link: https://www.econbiz.de/10011326975
Persistent link: https://www.econbiz.de/10010204125
Persistent link: https://www.econbiz.de/10013273615
observed asymmetric shocks over the period 1996-2015. An asymmetric shock is defined as an opposite sign difference between the … structural convergence, with a higher number of asymmetric shocks in countries that joined the EA at a later date. The …
Persistent link: https://www.econbiz.de/10012026672
Die Einführung des Euro stellt eine wesentliche Änderung der geldpolitischen Rahmenbedingungen einer Anzahl europäischer Ökonomien dar. Dies bewirkt eine Veränderung des Verhaltens von Wirtschaftssubjekten. Daraus ergeben sich zwei Fragen: Wie rasch passen sich Wirtschaftssubjekte in diesen...
Persistent link: https://www.econbiz.de/10011857502
This work analyzes whether monetary policy in advanced economies has differentiated effects on portfolio flows towards emerging economies coming from the US, the Euro Area and the UK. The results show the following: First, portfolio flows' response to US monetary policy events is vastly...
Persistent link: https://www.econbiz.de/10012166097
Persistent link: https://www.econbiz.de/10014287949
Persistent link: https://www.econbiz.de/10003348632
Persistent link: https://www.econbiz.de/10003886687