Similar Search Results

Das Verrechnungssystem der Federal Reserve und seine Übertragbarkeit auf den Euroraum

Klose, Jens; Weigert, Benjamin - In: Wirtschaftsdienst 92 (2012) 4, pp. 243-250

In der aktuellen Debatte über die Target2-Salden im Eurosystem wurde zu deren Abbau das Ausgleichsverfahren der Federal Reserve in den USA vorgeschlagen. Der dortige Ausgleichsmechanismus ist jedoch rein bilanzieller Natur und führt lediglich zu einer Neuaufteilung der Aktivseite des...

Persistent link: https://www.econbiz.de/10010368503

OMT-Urteil des Bundesverfassungsgerichts: Pro&Contra

Konrad, Kai A.; Winkler, Adalbert - In: Wirtschaftsdienst 94 (2014) 3, pp. 154-155

Persistent link: https://www.econbiz.de/10010368618

Private consumption and cyclical asymmetries in the euro area

Clausen, Volker; Schürenberg-Frosch, Hannah - In: Intereconomics 47 (2012) 3, pp. 190-196

Experience after the establishment of EMU shows that the behaviour of private consumers differs considerably among member countries and that average and marginal propensities to consume are fairly heterogeneous. In particular, there are clear differences between Germany and the rest of the euro...

Persistent link: https://www.econbiz.de/10010369099

Inflationsprognosen für den Euro-Raum: wie gut sind P*-Modelle?

Gottschalk, Jan; Bröck, Susanne - In: Vierteljahrshefte zur Wirtschaftsforschung 69 (2000) 1, pp. 69-89

Dieser Beitrag diskutiert die Grundlagen des P*-Ansatzes und vergleicht seine Prognoseleistung mit derjenigen nicht-monetärer Inflationsindikatoren für den Euro-Raum. Die Relevanz der Quantitätstheorie, die Stabilität der Geldnachfrage und die Rolle von Geldmengen im Transmissionsmechanismus...

Persistent link: https://www.econbiz.de/10010377457

Markov-Switching Procedures for Dating the Euro-Zone Business Cycle

Krolzig, Hans-Martin - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 339-351

This paper addresses the issues of identification and dating of the Euro-zone business cycle by using the Markov … growth in the Euro-zone are identified by fitting Markov-switching models to aggregated and single-country Euro-zone real GDP … the smoothed regime probabilities from the Markov-switching models the Euro-zone business cycle is dated and recessions …

Persistent link: https://www.econbiz.de/10010377542

Seasonal Adjustment Methods and the Determination of Turning Points of the EMU Business Cycle

Lommatzsch, Kirsten; Stephan, Sabine - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 399-415

In this paper, we investigate the impact of the adjustment for seasonal effects with different seasonal adjustment methods, the possible pre-treatment for calendar effects and the different order of aggregation and adjustment for the determination of the turning points of the European business...

Persistent link: https://www.econbiz.de/10010377544

Business Cycle Extraction of Euro-Zone GDP: Direct versus Indirect Approach

Astolfi, Roberto; Ladiray, Dominique; Mazzi, Gian Luigi - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 377-398

Most of the Euro-zone economic short-term indicators are computed through aggregation from Member States data. The … given in the paper. An application to the Euro-zone GDP is presented. The same aggregation problem encountered in the case … widely used in the literature, we extracted the cycle indicator for the Euro-zone employing the Baxter-King filter to data …

Persistent link: https://www.econbiz.de/10010377546

Euroland's Trade with Third Countries: An Estimation Based on NIPA Data

Strauß, Hubert - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 434-449

One major shortcoming in Euroland's National Income and Product Accounts (NIPA) consists in the missing distinction between exports (imports) on the one hand and dispatches (arrivals) between the member states on the other hand. In this paper "true" NIPA trade is derived from official figures....

Persistent link: https://www.econbiz.de/10010377547

The Link of the Monetary Indicator to Future Inflation in the Euro-Area: A Simulation Experiment

Gottschalk, Jan; Stolz, Stéphanie - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 416-433

We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson (2000) shows theoretically that the relationship between these two variables is rather tenuous. The present study employs empirical evidence on the relations in his model to quantify its...

Persistent link: https://www.econbiz.de/10010377548

A New Indicator Based on Neftçi's Approach for Predicting Turning Points of the Euro-Zone Growth Cycle

Anas, Jacques; Nguiffo-Boyom, Muriel - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 364-376

turning points in the Euro-zone using the Neftçi's approach. The output is a probability index for a forthcoming economic …

Persistent link: https://www.econbiz.de/10010377550