, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit …

Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to … estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …

Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to … estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …

ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …