Showing 1 - 10 of 1,540
This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail … rates outside the euro area, contributing to the literature on the consequences of unofficial financial euroisation and on … all euro retail rates in euroised countries of central, eastern and south-eastern Europe (CESEE) are linked to the euro …
Persistent link: https://www.econbiz.de/10013323906
the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …
Persistent link: https://www.econbiz.de/10013316460
-anchored inflation dynamics in the euro area? This paper is the first time-varying event study to investigate the reaction of inflation …-linked swap (ILS) rates – a market-based measure of inflation expectations – to macroeconomic surprises in the euro area. Compared …
Persistent link: https://www.econbiz.de/10012963920
in the euro area. First, it establishes some stylised facts concerning key variables in the housing market, such as the … clearcut for housing demand shocks. We also find that credit supply shocks matter more in the euro area …
Persistent link: https://www.econbiz.de/10013116395
This paper shows that the credibility gain from permanently committing to a fixed exchange rate by joining the European Monetary Union can outweigh the loss from giving up independent monetary policy. When the central bank enjoys only limited credibility a pegged exchange rate regime yields a...
Persistent link: https://www.econbiz.de/10011604562
This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …
Persistent link: https://www.econbiz.de/10013130602
This paper examines the degree of fragmentation in the Euro overnight unsecured money market during the period June …
Persistent link: https://www.econbiz.de/10013040191
This paper assesses the sources of volatility persistence in Euro Area money market interest rates and the existence of …
Persistent link: https://www.econbiz.de/10013317311
France, 1.2%-2.0% in Germany, 0.8%-1.0% in Italy, and 1.1-1.7% in the Euro Area (three country average). Differences across …
Persistent link: https://www.econbiz.de/10013218076
.S. post-WWII inflation may result from failure to control for shifts in trend inflation. Evidence from the Euro area …
Persistent link: https://www.econbiz.de/10012764450