Narrow search
Showing 1 - 10 of 72
Cover Image
Towards a single performance indicator in the EU's fiscal governance framework: An assessment of the expenditure and structural balance rules in the European fiscal governance fram...
Benalal, Nicholai; Freier, Maximilian; Melyn, Wim; Van … - 2022
A key element of the European reform agenda is to simplify the EU fiscal governance framework by moving towards a single debt anchor and a single operational indicator as the basis for formulating fiscal targets and assessing compliance. This paper puts forward an in-depth analysis of two...
Persistent link: https://www.econbiz.de/10013331895
Cover Image
The macroeconomic impact of the Next Generation EU instrument on the euro area
Ba´nkowski, Krzysztof; Ferdinandusse, Marien; … - 2021
-structural model (ECB-BASE) and with the basic model elasticities (BMEs) of the forecasting models in use in the national central banks …
Persistent link: https://www.econbiz.de/10012521159
Cover Image
The reform and implementation of the Stability and Growth Pact
Morris, Richard; Ongena, Hedwig; Schuknecht, Ludger - 2006
threaten the smooth functioning of Economic and Monetary Union (EMU). Ideally, fiscal rules should combine characteristics such …-based framework for fiscal polices in EMU. However, the implementation of the Pact was less than fully satisfactory. One year ago, the …
Persistent link: https://www.econbiz.de/10011606199
Cover Image
The identification of fiscal and macroeconomic imbalances - unexploited synergies under the strengthened EU governance framework
Kamps, Christophe; De Stefani, Roberta; … - 2014
In the light of the lessons learned from the euro area sovereign debt crisis, the EU fiscal and macroeconomic governance framework was overhauled in 2011. Against this background, this paper analyses whether the broadened surveillance of fiscal and macroeconomic indicators under the strengthened...
Persistent link: https://www.econbiz.de/10011606309
Cover Image
Some implications of micro pricesetting evidence for inflation dynamics and monetary transmission
Dedola, Luca; Gautier, Erwan; Nakov, Anton; Santoro, Sergio - 2023
This paper analyses the implications of the evidence on micro price setting gathered by Price-setting Microdata Analysis Network (PRISMA) for inflation dynamics and monetary policy, relying on calibrated models and direct empirical evidence. According to models calibrated to the euro area micro...
Persistent link: https://www.econbiz.de/10014374699
Cover Image
Macroeconomic and financial stability challenges for acceding and candidate countries
Winkler, Adalbert; Beck, Roland - 2006
This paper – based on a report by a Task Force established by the International Relations Committee (IRC) of the European System of Central Banks (ESCB) – reviews macroeconomic and financial stability challenges for acceding (Bulgaria and Romania) and candidate countries (Croatia and...
Persistent link: https://www.econbiz.de/10011606200
Cover Image
Competitiveness and external imbalances within the euro area
2012
and Monetary Union (EMU) and the role of persistent losses in competitiveness. This paper starts by investigating some of … significant heterogeneity across countries in both price/cost and non-price competitiveness in the euro area and that there is no … countries’ composition of trade could lead to heterogeneity in the potential gains from improvements in competitiveness. …
Persistent link: https://www.econbiz.de/10011606291
Cover Image
The use of the Eurosystem's monetary policy instruments and its monetary policy implementation framework Q2 2016 - Q4 2017
Bock, Alexander; Cajnko, Miha; Daskalova, Svetla; … - 2018
This paper provides a comprehensive overview of the use of the Eurosystem's monetary policy instruments and the operational framework from the second quarter of 2016 to the last quarter of 2017. It reviews the context of Eurosystem market operations; the design and operation of the Eurosystem's...
Persistent link: https://www.econbiz.de/10011972272
Cover Image
The use of the Eurosystem's monetary policy instruments and operational framework since 2012
Alvarez, Inmaculada; Casavecchia, Fabio; De Luca, Marino; … - 2017
, patterns of reserve fulfilment, outright asset purchase programmes, as well as the impact of the ECB's monetary policy …
Persistent link: https://www.econbiz.de/10011804691
Cover Image
The use of the Eurosystem's monetary policy instruments and its monetary policy implementation framework between the first quarter of 2018 and the fourth quarter of 2019
Sylvestre, Julie (contributor);  … - 2020
This paper provides a comprehensive overview of the use of the Eurosystem's monetary policy instruments and the operational framework, from the first quarter of 2018 to the last quarter of 2019. It reviews the context of Eurosystem market operations; the design and operation of the Eurosystem's...
Persistent link: https://www.econbiz.de/10012521149