Similar Search Results

Automatic Stabilizers and Economic Crisis : US vs. Europe

Dolls, Mathias - 2010

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …

Persistent link: https://www.econbiz.de/10012462382

Overborrowing and balance of payments imbalances in a monetary union

Sy, Mouhamadou Mounirou - 2015

Persistent link: https://www.econbiz.de/10011540537

In search of the Euro area fiscal stance

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumption, obtain a large public consumption multiplier, a small fraction of non-Ricardian households and,...

Persistent link: https://www.econbiz.de/10011529025

The (unintended?) consequences of the largest liquidity injection ever

Crosignani, Matteo; Faria-e-Castro, Miguel; Fonseca, Luís - 2016

We study the design of lender of last resort interventions and show that the provision of long-term liquidity incentivizes purchases of high-yield short-term securities by banks. Using a unique security-level data set, we find that the European Central Bank's three-year Long-Term Refinancing...

Persistent link: https://www.econbiz.de/10011975661

Collateral scarcity premia in euro area repo markets

Ferrari, Massimo; Guagliano, Claudia; Mazzacurati, Julien - 2017

Collateral plays a very important role in financial markets. Without easy access to high-quality collateral, dealers and market participants would find it more costly to trade, with a negative impact on market liquidity and the real economy through increased financing costs. The role of...

Persistent link: https://www.econbiz.de/10011978326

Evaluating macroprudential policies

Buch, Claudia M.; Vogel, Edgar; Weigert, Benjamin - 2018

Macroprudential policy is a relatively new policy field. Its goal is to preserve financial stability and to prevent the build-up of systemic risk that may have adverse effects for the functioning of the financial system and for the real economy. New institutions have been tasked with the...

Persistent link: https://www.econbiz.de/10011978687

What drives sovereign debt portfolios of banks in a crisis context?

Lamas, Matías; Mencía, Javier - 2019

We study determinants of sovereign portfolios of Spanish banks over a long time-span, starting in 2008. Our findings challenge the view that banks engaged in moral hazard strategies to exploit the regulatory treatment of sovereign exposures. In particular, we show that being a weakly capitalized...

Persistent link: https://www.econbiz.de/10011978836

The euro at 20 : successes, problems, progress and threats

Whelan, Karl - 2019

The euro has had a difficult second decade but the project has still had some important successes. The common currency is popular among the euro area's citizens, intra-European exchange rate instability has been removed and the ECB has successfully achieved its primary goal of price stability....

Persistent link: https://www.econbiz.de/10012016134

Has subjective general health declined with the economic crisis? : a comparison across European countries

Denny, Kevin - 2015

This note examines whether subjective general health in Europe has changed since the onset of the economic crisis. Subjective general health for Ireland, Spain and Portugal is compared before and after the onset of the recession. Two other European economies, Germany and United Kingdom, are also...

Persistent link: https://www.econbiz.de/10010496207

Descriptive labor market outcomes of immigrant women across Europe

Adserà, Alícia; Ferrer, Ana M.; Herranz, Virginia - 2020

We consider the job progression of immigrant women in five European countries: France, Italy, Spain, Sweden and the UK. We complement data from the European Labour Force Survey (2005-2015), with information about the skills contained in the jobs held by women, using data from the O*Net. In...

Persistent link: https://www.econbiz.de/10012179037

1
2
3
4
5
6
7
8
9
10
Next
Last