Showing 1 - 10 of 1,156
Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed …
Persistent link: https://www.econbiz.de/10012954407
emergence of large economic players, like China, is likely to have weakened the role of the U.S. economy as a driver of global …
Persistent link: https://www.econbiz.de/10012764530
banks given their specific institutional, economic and financial environment. We take the case of the Bank of Russia in …
Persistent link: https://www.econbiz.de/10013100833
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...
Persistent link: https://www.econbiz.de/10013318195
In this paper, we analyse export competition between individual EU Member States and China in third-country goods … markets. We find that competitive pressure from China is strongest for small and peripheral EU members, especially for the …-throat" competition between China and EU countries, we see an increasing tendency of smaller EU exporters leaving markets that are …
Persistent link: https://www.econbiz.de/10013062212
This paper studies factors behind inflation dynamics in the euro area, the UK and the US. It introduces a factor-augmented vector autoregression (FAVAR) framework with sign restrictions to study the effects of fundamental macroeconomic shocks on inflation in the three economies. The FAVAR model...
Persistent link: https://www.econbiz.de/10013020653
We use a joint model of macroeconomic and term structure dynamics to estimate inflation risk premia in the United States and the euro area. To sharpen our estimation, we include in the information set macro data and survey data on inflation and interest rate expectations at various future...
Persistent link: https://www.econbiz.de/10013135685
Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short-term interest rates soften standards, for household and corporate loans. This softening – especially for mortgages – is amplified by securitization activity, weak supervision...
Persistent link: https://www.econbiz.de/10013138019
From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered interest rates. Both sets of changes are at odds with an anti-inflationary stance of monetary policy; indeed, as the crisis began in August 2007 inflation expectations were high...
Persistent link: https://www.econbiz.de/10013141874
The paper provides a systematic empirical analysis of the role of the housing market in the macroeconomy in the US and in the euro area. First, it establishes some stylised facts concerning key variables in the housing market, such as the real house price, residential investment and mortgage...
Persistent link: https://www.econbiz.de/10013116395