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Does the euro make a difference? : spatio-temporal transmission of global shocks to real effective exchange rates in an infinite VAR

Bussière, Matthieu; Chudik, Alexander; Mehl, Arnaud - 2011

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro area countries and assesses whether their responses to...

Persistent link: https://www.econbiz.de/10008901483

Does the Euro Make a Difference? Spatio-Temporal Transmission of Global Shocks to Real Effective Exchange Rates in an Infinite VAR

Bussière, Matthieu - 2011

Persistent link: https://www.econbiz.de/10013130602

Monetary policy and growth-at-risk : the role of institutional quality

Emter, Lorenz; Moura, Afonso S.; Setzer, Ralph; Zorell, Nico - 2024

This paper analyses how country-specific institutional quality shapes the impact of monetary policy on downside risks to GDP growth in the euro area. Using identified high-frequency shocks in a growth-at-risk framework, we show that monetary policy has a higher impact on downside risks in the...

Persistent link: https://www.econbiz.de/10015177052

Who Did It? A European Detective Story Was It Real, Financial, Monetary and/or Institutional : Tracking Growth in the Euro Area with an Atheoretical Tool

Comunale, Mariarosaria - 2020

During the past thirty years, euro area countries have undergone significant changes and experienced diverse shocks. We aim to investigate which variables have consistently supported growth in this tumultuous period. The paper unfolds in three parts. First, we assemble a set of 35 real,...

Persistent link: https://www.econbiz.de/10012842780

Who Did It? A European Detective Story Was it Real, Financial, Monetary and/or Institutional : Tracking Growth in the Euro Area with an Atheoretical Tool

Comunale, Mariarosaria - 2020

Persistent link: https://www.econbiz.de/10012834410

Tracking growth in the euro area subject to a dimensionality problem

Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2021

We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging task due to dimensionality problems: a large set of potential determinants, limited data, and the prospect that some variables could be non-stationary. We assemble a set of 35...

Persistent link: https://www.econbiz.de/10012625874

Macroeconomic policies for growth and stability : a European perspective ; symposium 1979

Giersch, Herbert (ed.) - 1981

Persistent link: https://www.econbiz.de/10000068961

Deflation as a Recipe for a Prosperous Europe

Sima, Josef - 2008

In the following text we will analyze the problems stemming from incorrect definitions of inflation and deflation.Then we will put forth a taxonomy of deflation, which will enable us to abandon the confused quot;macroquot; view of the deflation issue and to show the flawed comparison between two...

Persistent link: https://www.econbiz.de/10012770313

Financial development, integration and stability : evidence from Central, Eastern and South-Eastern Europe

Liebscher, Klaus (ed.); Christl, Josef (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003309233

Financial development, integration and stability : evidence from Central, Eastern and South-Eastern Europe

Liebscher, Klaus (contributor) - 2006

This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. This … financial integration / Cesare Calari -- Financial globalization, corporate governance and Eastern Europe / René M. Stulz … -- Does the financial sector need Europe? / Gertrude Tumpel-Gugerell -- The Central and Eastern European financial sector …

Persistent link: https://www.econbiz.de/10011851237