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Political Credit Cycles : The Case of the Euro Zone
Fernández-Villaverde, Jesús - 2013
process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …
Persistent link: https://www.econbiz.de/10013084731
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Target Loans, Current Account Balances and Capital Flows : The Ecb's Rescue Facility
Sinn, Hans-Werner - 2011
destroyed the Bretton Woods System. Greece, Ireland, Portugal, Spain and Italy have suffered from balance-of-payments deficits …
Persistent link: https://www.econbiz.de/10013118098
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Nonlinearities in Sovereign Risk Pricing : The Role of CDS Index Contracts
Delatte, Anne-Laure - 2014
Is the pricing of sovereign risk linear during bearish episodes? Or can initial shocks on economic fundamentals be exacerbated by endogenous factors that create nonlinearities? We test for nonlinearities in the sovereign bond market of European peripheral countries during the debt crisis and...
Persistent link: https://www.econbiz.de/10013056598
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Mpc Heterogeneity in Europe : Sources and Policy Implications
Ampudia, Miguel - 2018
stock returns. Monetary policy has a larger impact on consumption in Italy and Spain compared to France and Germany …
Persistent link: https://www.econbiz.de/10012910644
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A Surplus of Ambition : Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
Eichengreen, Barry - 2014
IMF forecasts and the EU's Fiscal Compact foresee Europe's heavily indebted countries running primary budget surpluses …
Persistent link: https://www.econbiz.de/10013050287
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The Portuguese Slump and Crash and the Euro Crisis
Reis, Ricardo - 2013
hand, and Ireland and Spain on the other, during this period, and for some features of the crash in Portugal after 2010 … 2007. It describes the main facts of Portugal's recent economic history, evaluates some possible explanations for its … firms. This explanation can also potentially account for the similarities and the differences between Portugal on the one …
Persistent link: https://www.econbiz.de/10013077964
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The Euro and Fiscal Policy
Fatás, Antonio - 2010
The paper provides and empirical characterization of fiscal policy in the euro area and in a group of twenty-two OECD economies over the period from 1970 until 2007. Using the cyclically-adjusted fiscal balance we document that policy in the euro area has been mildly pro-cyclical. The adoption...
Persistent link: https://www.econbiz.de/10012757871
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Reflections on Americans' Views of the Euro Ex Ante
Feldstein, Martin S. - 2010
This paper was prepared for a session of the 2009 American Economic Association meeting devoted to examining the views of American economists about the euro and the European Economic and Monetary Union on the tenth anniversary of the euro. I had written an article in 1992 in the Economist and...
Persistent link: https://www.econbiz.de/10012757919
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The Euro and Structural Reforms
Alesina, Alberto F. - 2010
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012758159
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The Breakup of the Euro Area
Eichengreen, Barry - 2010
The possibility that the euro area might break up was being raised even before the single currency existed. These scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various member states led politicians to blame the European...
Persistent link: https://www.econbiz.de/10012759842