Showing 1 - 10 of 6,024
This paper investigates the demand for euros using panel data for 10 euro area countries covering the period from 1999 … in housing prices are also able to explain part of the monetary overhang in the euro area since 2005. We conclude that … housing price developments within the euro area are relevant to an understanding of the demand for euros, and thus warrant …
Persistent link: https://www.econbiz.de/10013114505
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
The paper uses a small open economy general-equilibrium model to compare fiscal and nominal exchange rate devaluation with respect to their impact on economic activity and the current account. In particular, it investigates to which extent fiscal devaluation mimics nominal exchange rate...
Persistent link: https://www.econbiz.de/10011392516
In this paper, different Divisia monetary aggregates for the euro area are constructed over the period from 1980 to … should have an important role in the conduct of monetary policy in the euro area. …
Persistent link: https://www.econbiz.de/10001673481
In this paper, different Divisia monetary aggregates for the euro area are constructed over the period from 1980 to … should have an important role in the conduct of monetary policy in the euro area. …
Persistent link: https://www.econbiz.de/10011431510
Abwertung für Deutschland aus der Euroeinführung ergeben haben. Ulrich van Suntum, Centrum für angewandte Wirtschaftsforschung …
Persistent link: https://www.econbiz.de/10011693498
Abwertung für Deutschland aus der Euroeinführung ergeben haben. Ulrich van Suntum, Centrum für angewandte Wirtschaftsforschung …
Persistent link: https://www.econbiz.de/10010877464
The impact of EMU on the transatlantic exchange rate stability raises the more general question of whether the exchange rate is a useful adjustment instrument or source of instability. We estimate a simple, three-country model for the United States, Germany and France, over the 1972-1995 period....
Persistent link: https://www.econbiz.de/10014181129
The paper provides empirical evidence on the effects of ECB conventional and unconventional monetary policy on the euro … Governing Council meetings. Both types of measures contributed to the depreciation of the euro from mid-2014; surprises …
Persistent link: https://www.econbiz.de/10012919571
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10012890627