Showing 1 - 10 of 2,331
-S type of regression for each regime. Our results show that, for countries which pegged to or adopted the euro, the effect of … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …
Persistent link: https://www.econbiz.de/10013074886
prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …-policy transmission in the euro area …
Persistent link: https://www.econbiz.de/10012859309
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10013016262
applies a parametric difference-in-differences approach to assess the real effects of the introduction of the euro on … the initial problems were overcome within one year of the introduction of euro cash …
Persistent link: https://www.econbiz.de/10013317284
How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions and real wage rigidities. In our analysis, we...
Persistent link: https://www.econbiz.de/10013107467
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …
Persistent link: https://www.econbiz.de/10013143682
In this paper, we use a Micro-Macro model to evaluate the effects of a euro's depreciation on the French economy, both … the two models is made using an iterative (or sequential) approach. We find that a 10% euro's depreciation stimulates the …
Persistent link: https://www.econbiz.de/10012945218
, and the Euro/financial crisis in 2008-2009, which was followed by a general and intensive reform process in the years …
Persistent link: https://www.econbiz.de/10012990858
In 2007 the Italian central government started a program by transferring funds to regional governments to develop both private and public early childcare services. Exploiting the different timing of program implementation across regions, we evaluate its effectiveness in boosting the public...
Persistent link: https://www.econbiz.de/10012912778
For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...
Persistent link: https://www.econbiz.de/10012930946