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Business cycles in the euro area
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2009
This paper shows that the EMU has not affected historical characteristics of member countries' business cycles and their cross-correlations. Member countries which had similar levels of GDP per-capita in the seventies have also experienced similar business cycles since then and no significant...
Persistent link: https://www.econbiz.de/10003831782
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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
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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/10012834410
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Business Cycles in the Euro Area
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2021
This paper shows that the EMU has not affected historical characteristics of member countries' business cycles and their cross-correlations. Member countries which had similar levels of GDP per-capita in the seventies have also experienced similar business cycles since then and no significant...
Persistent link: https://www.econbiz.de/10013316407
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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/10013210625
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The Spanish Economic Crisis : Key Factors and Growth Challenges in the Euro Area
Ortega, Eloísa - 2012
The economic crisis affecting the industrialized countries in recent years has been singular given its intensity, complexity and the difficulties in overcoming it. The aim of this paper is to analyze the determinants behind the crisis that have made it deeper and longer in Spain than in previous...
Persistent link: https://www.econbiz.de/10013109749
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The Euro Crisis and Economic Growth : A Novel Counterfactual Approach
Terzi, Alessio - 2019
warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone's specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012866042
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The euro crisis and economic growth : a novel counterfactual approach
Terzi, Alessio - 2019 - This Draft: 25 June 2019
warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone’s specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012033212
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What do we really know about the transatlantic current account?
Braml, Martin T.; Felbermayr, Gabriel - 2019
Do the U.S. have a current account surplus or a deficit with the EU? Since 2009, official sources disagree: The U.S. Department of Commerce claims a consistent U.S. surplus while Eurostat reports the opposite. International transactions are notoriously difficult to measure accurately, but the...
Persistent link: https://www.econbiz.de/10012051883
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What do we really know about the transatlantic current account?
Braml, Martin T.; Felbermayr, Gabriel - 2019
Do the U.S. have a current account surplus or a deficit with the EU? Since 2009, official sources disagree: The U.S. Department of Commerce claims a consistent U.S. surplus while Eurostat reports the opposite. International transactions are notoriously difficult to measure accurately, but the...
Persistent link: https://www.econbiz.de/10012065058