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Towards Expenditure Rules and Fiscal Sanity in the Euro Area
Hauptmeier, Sebastian - 2010
The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10013136395
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The Euro Area Sovereign Debt Crisis : Safe Haven, Credit Rating Agencies and the Spread of the Fever from Greece, Ireland and Portugal
De Santis, Roberto A. - 2012
key role in the developments of the spreads for Greece, Ireland, Portugal and Spain. Finally, the rating downgrade in … Greece has contributed to developments in spreads of countries with weaker fiscal fundamentals: Ireland, Portugal, Italy … from Greece. Specifically, higher risk aversion has increased the demand for the Bund and this is behind the pricing of all …
Persistent link: https://www.econbiz.de/10013111942
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Towards expenditure rules and fiscal sanity in the euro area
Hauptmeier, Sebastian; Sanchez Fuentes, Jesus; … - 2010
The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10011605312
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Relative House Price Dynamics Across Euro Area and US Cities : Convergence or Divergence?
Hiebert, Paul - 2010
differentials in explaining city-level house price dispersion in Germany, France, and the US (but not in Italy or Spain once …
Persistent link: https://www.econbiz.de/10013142991
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The Pricing of Sovereign Risk and Contagion During the European Sovereign Debt Crisis
Beirne, John - 2014
The paper analyses the drivers of sovereign risk for 31 advanced and emerging economies during the European sovereign debt crisis. It shows that a deterioration in countries' fundamentals and fundamentals contagion – a sharp rise in the sensitivity of financial markets to fundamentals – are...
Persistent link: https://www.econbiz.de/10013061742
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Profit Dynamics Across the Largest Euro Area Countries and Sectors
Maurin, Laurent - 2011
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain …
Persistent link: https://www.econbiz.de/10013117688
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The Financial and Macroeconomic Effects of OMT Announcements
Altavilla, Carlo - 2014
France, Germany, Italy, and Spain. The scenario analysis suggests that the reduction in bond yields due to OMT announcements … is associated with a significant increase in real activity, credit, and prices in Italy and Spain with relatively muted …
Persistent link: https://www.econbiz.de/10013051170
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Public Debt and Long-Term Interest Rates : The Case of Germany, Italy and the USA
Strauch, Rolf; Kremer, Manfred; Paesani, Paolo - 2021
macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983-2003 period, the …
Persistent link: https://www.econbiz.de/10013317556
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Price Setting in the Euro Area : Some Stylised Facts from Individual Producer Price Data
Vermeulen, Philip - 2007
This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and … Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies …
Persistent link: https://www.econbiz.de/10012777759
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Serial Sovereign Default : The Role of Shocks and Fiscal Habits
Faria, João Ricardo; McAdam, Peter; Orrillo, Jaime - 2021
We confront five stylized facts related to sovereign default: 1) the presence of serial defaulters; 2) the prevalence of partial over complete default; 3) the counter-cyclicality of default; 4) non-linearity of sovereign spreads; and 5) heterogeneous outcomes among serial defaulters. In a model...
Persistent link: https://www.econbiz.de/10013310364