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Euro area external imbalances and the burden of adjustment : N°1681, May 2014

Mauro, Filippo di (contributor); … - European Central Bank - 2014

Persistent link: https://www.econbiz.de/10015301995

The signatures of euro area imbalances : export performance and the composition of ULC growth

Gaulier, Guillaume (contributor); … - European Central Bank - 2013

Growing current account imbalances within the euro area between 1999 and 2007 were not driven by divergences in export performance between surplus and deficit countries. While current account dynamics are highly correlated with unit labour costs (ULC) and imports, it is not the case for exports....

Persistent link: https://www.econbiz.de/10015304332

Fifth progress report on Target2

European Central Bank - 2007

Persistent link: https://www.econbiz.de/10015314572

Marrying fiscal rules & investment : a central fiscal capacity for Europe

Schang, Christopher (contributor); … - European Central Bank - 2024

The European fiscal governance framework remains incomplete, hindering policy coordination during economic shocks and affecting the transmission of the single monetary policy. High public debt and low public investment worsen resilience across Member States. Many policymakers, institutions, and...

Persistent link: https://www.econbiz.de/10015275792

Euro area business cycles in turbulent times : convergence or decoupling?; 1819, June 2015

Ferroni, Filippo (contributor); Klaus, Benjamin (contributor) - European Central Bank - 2015

We study the business cycle properties of the four largest euro area economies in the wake of the recent recession episodes. The analysis is based on the factors estimated from a multi-country and multi-sector data-rich environment. We measure alikeness of business cycles by studying the...

Persistent link: https://www.econbiz.de/10015298387

Exploring price and non-price determinants of trade flows in the largest euro-area countries : 1789 / May 2015

Giordano, Claire (contributor); … - European Central Bank - 2015

Since the mid-2000s price-competitiveness indicators for some euro-area countries have been providing conflicting signals. Against a stability of the producer price (PPI)-based measure, the manufacturing unit labour cost (ULCM)-deflated indicator points to a major competitiveness loss in Italy;...

Persistent link: https://www.econbiz.de/10015296811

Inflation and unemployment in Europe : ECB Forum on central banking : 21-23 May 2015, Sintra, Portugal : conference proceedings

European Central Bank - 2015

The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...

Persistent link: https://www.econbiz.de/10015297743

Inflation and unemployment in Europe : ECB Forum on central banking : 21-23 May 2015, Sintra, Portugal : conference proceedings

European Central Bank - 2015

Persistent link: https://www.econbiz.de/10015297754

What has driven inflation dynamics in the Euro area, the United Kingdom and the United States

Melolinna, Marko (contributor) - European Central Bank - 2015

This paper studies factors behind inflation dynamics in the euro area, the UK and the US. It introduces a factor … inflation in the three economies. The FAVAR model framework is also applied to study the effects on inflation subcomponents in … the more recent past. The FAVAR models suggest that headline inflation in the three economies has reacted in a relatively …

Persistent link: https://www.econbiz.de/10015299048

One currency, one price? : euro change over-related inflation in Estonia ; N°1732, September 2014

Meriküll, Jaanika (contributor); Rõõm, Tairi (contributor) - European Central Bank - 2014

This paper studies euro changeover-related inflation using disaggregated price level data. The difference … segments. Changeover-related inflation was higher for products that were relatively cheaper than the euro area average …

Persistent link: https://www.econbiz.de/10015301955