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Disinflationary spillovers from the euro area into the countries of Southeastern Europe

Ramadani, Gani; Pandiloski, Predrag - 2019

We analyze the determinants of the inflation trends in ten Southeast European (SEE) countries. Global cost …-related factors and euro area (EA) inflation developments play an important role in explaining inflation dynamics in SEE countries … exchange to euro area market appear to be susceptible to inflation spillovers from the euro area. Moreover, nominal effective …

Persistent link: https://www.econbiz.de/10012124587

Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?

Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015

Persistent link: https://www.econbiz.de/10011332924

Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?

Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015

Persistent link: https://www.econbiz.de/10011317778

Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?

Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015

We show that a .scal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model speci.cation, an expansion of core government spending equal to one percent of...

Persistent link: https://www.econbiz.de/10011294265

Fiscal expenditure spillovers in the euro area : an empirical and model-based assessment

Alloza, Mario; Ferdinandusse, Marien; Jacquinot, Pascal; … - 2020

Persistent link: https://www.econbiz.de/10012221940

Fiscal expenditure spillovers in the euro area : an empirical and model-based assessment

Alloza, Mario; Ferdinandusse, Marien; Jacquinot, Pascal; … - 2020

The paper describes the main transmission channels of the spillovers of national fiscal policies to other countries within the euro area and investigates their magnitude using different models. In the context of Economic and Monetary Union (EMU), fiscal spillovers are relevant for the accurate...

Persistent link: https://www.econbiz.de/10012206331

The impact of US monetary policy and other external shocks on the Hong Kong economy : a factor-augmented VAR approach

Chen, Hongyi; Tsang, Andrew - 2016

Persistent link: https://www.econbiz.de/10012200954

Transmisión de choques de política monetaria de Estados Unidos sobre América Latina : un enfoque GVAR

Flores Audante, Jairo - 2015

Persistent link: https://www.econbiz.de/10011503699

COVID-19 and Exchange Rates : Spillover Effects of U.S. Monetary Policy

Yilmazkuday, Hakan - 2020

This paper investigates the spillover effects of U.S. monetary policy on exchange rates of 10 advanced economies and 21 emerging markets during the Coronavirus Disease 2019 (COVID-19). The investigation is achieved by a structural vector autoregression model, where daily data on economic...

Persistent link: https://www.econbiz.de/10012833773

Hot Money and Quantitative Easing : The Spillover Effects of U.S. Monetary Policy on the Chinese Economy

Ho, Steven Wei - 2018

We develop a factor-augmented vector autoregression model to estimate the effects of changes in U.S. monetary policy and economic policy uncertainty have on the Chinese housing, equity and loan markets. We find that the decline in the U.S. policy rate since the Great Recession has led to a...

Persistent link: https://www.econbiz.de/10012937693