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whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the …. Regarding inflation uncertainty, the data indicate a relationship with country size, suggesting that within EMU, inflation … uncertainty may increase in countries that have a smaller influence on ECB policy …
Persistent link: https://www.econbiz.de/10012754359
decision problems under uncertainty, is used to build a large stochastic numerical equilibrium model of the Western European … energy markets. We use the stochastic model to analyze the impact of economic and political uncertainty on the Western … European energy markets. We demonstrate that the equilibria under uncertainty differ significantly from the deterministic …
Persistent link: https://www.econbiz.de/10013072087
During the recent financial crisis, euro area firms, and especially Small and Medium-sized Enterprises, have been reporting acute problems of access to external finance. Using firm-level replies to the SME survey on access to finance, we use two indicators of financing constraints based on...
Persistent link: https://www.econbiz.de/10013092075
relevance of the labor demand component in retirement decisions, we consider a trade liberalization between Switzerland and the …
Persistent link: https://www.econbiz.de/10013000428
results suggest that the correlation between investment and savings depends on institutions, exchange rate risk and credit …
Persistent link: https://www.econbiz.de/10013028896
rulings at the European Court of Justice (ECJ) are uncertain. We find that higher uncertainty about the preferences of the ECJ …
Persistent link: https://www.econbiz.de/10013085296
This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly … introduction of the euro and resulting in lower long-run uncertainty. It also appears that the direction of causality has been …
Persistent link: https://www.econbiz.de/10013095747