Similar Search Results

Close Encounters of the European Kind: Economic Integration, Sectoral Heterogeneity and Structural Reforms

Campos, Nauro F.; Eichenauer, Vera Z.; Sturm, Jan-Egbert - 2020

that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in … and product market structural reforms? (b) Do the effects of these reforms vary more across sectors than across countries …

Persistent link: https://www.econbiz.de/10012314869

Does money matter in the ECB strategy? : New evidence based on ECB communication

Berger, Helge; de Haan, Jakob; Sturm, Jan-Egbert - 2006

We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...

Persistent link: https://www.econbiz.de/10010261407

The stress of having a single monetary policy in Europe

Sturm, Jan-Egbert; Wollmershäuser, Timo - 2008

This paper estimates forward-looking Taylor rules for the euro area. Using the asymmetries in inflation and cyclical … Monetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also …

Persistent link: https://www.econbiz.de/10010264325

Does central bank communication really lead to better forecasts of policy decisions? : new evidence based on a Taylor rule model for the ECB

Sturm, Jan-Egbert; de Haan, Jakob - 2009

Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the information provided by a Taylor rule model in which...

Persistent link: https://www.econbiz.de/10010274048

Has the EMU reduced wage growth and unemployment? Testing a model of trade union behaviour

Mikosch, Heiner; Sturm, Jan-Egbert - 2011

By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...

Persistent link: https://www.econbiz.de/10010274904