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Revisiting Public Support for the Euro, 1999-2017: Accounting for the Crisis and the Recovery

Roth, Felix; Baake, Edgar; Jonung, Lars; Nowak-Lehmann, … - 2018

This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the … end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using … public support for the euro. First, we find that a majority of respondents support the euro in nearly all 19 euro area member …

Persistent link: https://www.econbiz.de/10013208809

Forecasting and policy making

Wieland, Volker; Wolters, Maik Hendrik - 2012

Persistent link: https://www.econbiz.de/10010368564

Macroeconomics, nonlinearities, and the business cycle

Reif, Magnus - 2019

This dissertation focuses on describing and explaining business cycle dynamics. Motivated by the extraordinary strong economic downturn in 2008/2009, it emphasis the importance of modeling nonlinearities. This thesis should be regarded as a contribution to applied econometrics and can be...

Persistent link: https://www.econbiz.de/10012157628

Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment

Coenen, Günter; Montes-Galdón, Carlos; Schmidt, Sebastian - 2021

The secular decline in the equilibrium real interest rate observed over the past decades has materially limited the room for policy-rate reductions in recessions, and has led to a marked increase in the incidence of episodes where policy rates are likely to be at, or near, the effective lower...

Persistent link: https://www.econbiz.de/10012605268

Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment

Coenen, Günter; Montes-Galdón, Carlos; Schmidt, Sebastian - 2021

Persistent link: https://www.econbiz.de/10012619146

Monetary policy strategies for the euro area: Optimal rules in the presence of the ELB

Mazelis, Falk; Motto, Roberto; Ristiniemi, Annukka - 2023

equilibrium real rate using an estimated DSGE model for the euro area. We demonstrate that simple feedback rules that implement …

Persistent link: https://www.econbiz.de/10014374585

Analysing Convergence in Europe Using a Non-linear Single Factor Model

Fritsche, Ulrich; Kuzin, Vladimir - 2008

We investigate convergence in European price level, unit labor cost, income, and productivity data over the period of 1960-2006 using the non-linear time-varying coefficients factor model proposed by Phillips and Sul (2007). This approach is extremely flexible on order to model a large number of...

Persistent link: https://www.econbiz.de/10010420851

Analysing and forecasting price dynamics across euro area countries and sectors: A panel VAR approach

Dées, Stéphane; Güntner, Jochen - 2014

sectors - industry, services, construction, and agriculture - across the four largest euro area economies - Germany, France …, Italy and Spain - and the euro area as a whole. By modelling prices together with real activity, employment and wages, we …, we also allow for spillovers to the other euro area countries in our sample. …

Persistent link: https://www.econbiz.de/10011310799

The FRBNY Staff Underlying Inflation Gauge: UIG

Amstad, Marlene; Potter, Simon; Rich, Robert - 2014

Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real time, and forecasts inflation better than traditional underlying inflation measures such as core inflation measures. This paper...

Persistent link: https://www.econbiz.de/10011340981

Developing an underlying inflation gauge for China

Amstad, Marlene; Huan, Ye; Ma, Guonan - 2014

The headline consumer price index (CPI) is often considered too noisy, narrowly defined, and/or slowly available for policymaking. On the other hand, traditional core inflation measures may reduce volatility but do not address other issues and may even exclude important information. This paper...

Persistent link: https://www.econbiz.de/10011420978