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EMU and capital markets
Gros, Daniel - 1997
Persistent link: https://www.econbiz.de/10000666636
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One size must fit all national devergences in a monetary union
Gros, Daniel; Hefeker, Carsten - 2000
What political objective should a common central bank in a heterogeneous monetary union pursue? Should it base its decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates of inflation and growth? We find that a central bank...
Persistent link: https://www.econbiz.de/10001524212
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Asymmetries in the Trans-Atlantic monetary policy relationship : does the ECB follow the Fed? ; presented at CESifo Area Conference on Macro, Money and International Finance, Febru...
Belke, Ansgar; Gros, Daniel - 2005
The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants …
Persistent link: https://www.econbiz.de/10002658281
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Who needs foreign banks?
Gros, Daniel - 2003
This paper shows that countries with weak banking system and fiscal institutions, should benefit from the presence of foreign banks, which can constitute a commitment and transparency device. Foreign banks can also reduce the probability of self-fulfilling speculative attacks. A strong presence...
Persistent link: https://www.econbiz.de/10001807083
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EMU and capital markets : the institutional framework
Gros, Daniel - 1998
markets will not be unified by the introduction of the euro. National central banks have a vested interest in preserving local … expressed in euro imperfect substitutes across borders. Prudential control will also continue to be handled differently from … country to country. In the long run these national idiosyncracies cannot survive competitive pressures in the euro area. The …
Persistent link: https://www.econbiz.de/10009768844
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How fast must vaccination campaigns proceed in order to beat rising Covid-19 infection numbers?
Gros, Claudius; Gros, Daniel - 2021
We derive an analytic expression describing how health costs and death counts of the Covid-19 pandemic change over time as vaccination proceeds. Meanwhile, the disease may continue to spread exponentially unless checked by Non Pharmacological Interventions (NPI). The key factors are that the...
Persistent link: https://www.econbiz.de/10012502788
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The recovery and resilience facility : a springboard for a renaissance of public investments in Europe?
Corti, Francesco; Gros, Daniel; Ruiz De La Ossa, Tomás; … - 2021
Key messages: The Policy Brief analyzes to what extent the funds provided by the Recovery and Resilience Facility (RRF) are used by member states to finance new projects (additionality of public investments). The analysis shows that in the EU-27 there is no significant relationship between the...
Persistent link: https://www.econbiz.de/10014308731