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Does the Euro-Zone Diverge? A Stress Indicator for Analyzing Trends and Cycles in Real GDP and Inflation

Flaig, Gebhard; Wollmershäuser, Timo - 2021

that stress in the eurozone is mainly due to different trend growth rates and that for most of the Euro-zone countries …

Persistent link: https://www.econbiz.de/10013317182

Price Dispersion in the Euro Area : The Case of a Symmetric Oil Price Shock

Carstensen, Kai - 2013

This paper studies the causes of price dispersion in the euro area emerging in response to a shock that hits all member …

Persistent link: https://www.econbiz.de/10013095772

Loan Supply Shocks During the Financial Crisis : Evidence for the Euro Area

Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2021

This paper employs a panel vector autoregressive model for the member countries of the Euro Area to explore the role of … crisis. However, concerning both, the timing and the magnitude of the shocks our results also indicate that the Euro Area was …

Persistent link: https://www.econbiz.de/10013316038

Inflation Expectations and Inflation Uncertainty in the Eurozone : Evidence from Survey Data

Arnold, Ivo J. M. - 2013

whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the …

Persistent link: https://www.econbiz.de/10012754359

Does the Euro-zone Diverge? A Stress Indicator for Analyzing Trends and Cycles in Real GDP and Inflation

Flaig, Gebhard; Wollmershäuser, Timo - CESifo - 2007

This paper presents a stress indicator for the Euro-zone that summarizes developments of trends and cycles in real GDP … that stress in the Euro-zone is mainly due to different trend growth rates and that for most of the Euro-zone countries …

Persistent link: https://www.econbiz.de/10005094297

The Price Puzzle Revisited : Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock?

Henzel, Steffen - 2013

it for the euro area by adopting a minimum distance approach. Our findings suggest that - under certain parameter …

Persistent link: https://www.econbiz.de/10012753889

The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...

Persistent link: https://www.econbiz.de/10013081055

The Euro and Inflation Uncertainty in the European Monetary Union

Caporale, Guglielmo Maria; Kontonikas, Alexandros - 2021

introduction of the Euro in 1999 are then examined introducing a dummy variable. Overall, it appears that post-1999 steady … determined endogenously, the adjustment is found to have taken place before the introduction of the Euro …

Persistent link: https://www.econbiz.de/10013317342

Recent Estimates of Exchange Rate Pass-Through to Import Prices in the Euro Area

Ben Cheikh, Nidhaleddine - 2015

This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 Euro area (EA) countries. First …-through elasticities, we find very weak evidence of a decline around the inception of the euro in 1999. However, our results reveal that a …

Persistent link: https://www.econbiz.de/10013022505

Measuring Uncertainty of a Combined Forecast and Some Tests for Forecaster Heterogeneity

Lahiri, Kajal - 2015

We have argued that from the standpoint of a policy maker, the uncertainty of using the average forecast is not the variance of the average, but rather the average of the variances of the individual forecasts that incorporate idiosyncratic risks. With a slight reformulation of the loss function...

Persistent link: https://www.econbiz.de/10013017623