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the period from February 15th to March 29th, 2022. Treating the unanticipated start of the war in Ukraine on the 24 th of …Russia's invasion of Ukraine is posing a range of new challenges to the global economy, including affecting the …
Persistent link: https://www.econbiz.de/10014227598
sector and to return to Ukraine after the war has ended. …We discuss the impacts of the Russian invasion on Ukrainian science. Using newly collected data, we show that the war … has already had significant effects on science in Ukraine: research papers produced by Ukrainian scientists declined by …
Persistent link: https://www.econbiz.de/10014480994
uncertainty shocks in the euro area and the US, paying particular attention to their effects on prices. While our results confirm …
Persistent link: https://www.econbiz.de/10011897983
We assess the macroeconomic effects of the Eurosystem's asset purchases on the four largest euro area economies using … identification assumptions mainly on euro area aggregate financial variables and on country averages of output and price responses …
Persistent link: https://www.econbiz.de/10012222564
This paper considers evolutionarily stable decisions about whether to initiate violent conflict rather than accepting a peaceful sharing outcome. Focusing on small sets of players such as countries in a geographically confined area, we use Schaffer's (1988) concept of evolutionary stability. We...
Persistent link: https://www.econbiz.de/10009744560
We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has … options on the euro area harmonized index of consumer prices provides us with the full distribution of inflation expectations …
Persistent link: https://www.econbiz.de/10010415789
that inflation dynamics differed considerably across Euro area countries before the start of EMU. Since 1999, however … theoretical predictions, we find that the persistence of inflation has significantly decreased in the Euro area probably as a …
Persistent link: https://www.econbiz.de/10003875991
The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...
Persistent link: https://www.econbiz.de/10011495568
We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the … Euro Area affected GDP growth during the global financial crisis. Our analysis suggests that spillovers of fiscal policy … shocks in the Euro Area are small. Overall, spending multipliers are higher than revenue-based multipliers and are in line …
Persistent link: https://www.econbiz.de/10010516561
seemingly puzzling results for the euro area and provide evidence that they are due to central bank information effects. That is …
Persistent link: https://www.econbiz.de/10011972952