Similar Search Results

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

Private Wealth Across European Countries : The Role of Income, Inheritance and the Welfare State

Fessler, Pirmin - 2015

Using microdata from the Household Finance and Consumption Survey (HFCS), this study examines the role of inheritance, income and welfare state policies in explaining differences in household net wealth within and between euro area countries. First, about one third of the households in the 13...

Persistent link: https://www.econbiz.de/10013014961

Sticky information Phillips curves: European evidence

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - 2008

We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in...

Persistent link: https://www.econbiz.de/10011604976

Credit Market Disequilibrium in Greece (2003-2011) - A Bayesian Approach

Vouldis, Angelos T. - 2015

financial crisis, this paper studies the evolution of credit demand and supply in Greece. A disequilibrium model of demand and …

Persistent link: https://www.econbiz.de/10013020634

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

from Greece. Specifically, higher risk aversion has increased the demand for the Bund and this is behind the pricing of all … 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 …

Persistent link: https://www.econbiz.de/10013111942

A Financial Systemic Stress Index for Greece

Louzis, Dimitrios P. - 2013

The paper develops a financial systemic stress index (FSSI) for Greece. We present a methodology for constructing and …, conducted among financial experts, in order to construct a benchmark chronology of financial crises for Greece, which in turn is …

Persistent link: https://www.econbiz.de/10013080092

Skills and Wage Inequality in Greece : Evidence From Matched Employer-Employee Data, 1995-2002

Christopoulou, Rebekka; Kosma, Theodora - 2021

This paper examines changes in the Greek wage distribution over 1995-2002 and the role of skills in these changes using a matched employer-employee data set. This data set enables us to account for firm heterogeneity and obtain a more refined picture of the impact of skills. The methodology...

Persistent link: https://www.econbiz.de/10013316069

Current Account Determinants and External Sustainability in Periods of Structural Change

Brissimis, Sophocles N.; Hondroyiannis, George B.; … - 2021

developments in Greece over the period from 1960 to 2007 and discuss these developments in relation to the issue of external … sustainability. Concerns over Greece’s external sustainability have emerged since 1999 when the current account deficit widened …

Persistent link: https://www.econbiz.de/10013316166

Towards expenditure rules and fiscal sanity in the euro area

Hauptmeier, Sebastian; Sanchez Fuentes, Jesus; … - 2010

Persistent link: https://www.econbiz.de/10011605312

The design of fiscal rules and forms of governance in European Union countries

Hallerberg, Mark; Strauch, Rolf; von Hagen, Jürgen - 2004

This paper examines the development of fiscal rules and budget procedures in EU countries, and their impact of public finances since the mid-1980s. It presents a new data set on institutional reforms and their impact in Europe. Empirical pattern confirm our prediction that more stringent fiscal...

Persistent link: https://www.econbiz.de/10011604465