DIW Berlin: Thema Europa

Thema Europa

421 Ergebnisse, ab 411
Diskussionspapiere 1249 / 2012

Does Euro Area Membership Affect the Relation between GDP Growth and Public Debt?

We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds nominal output growth, primary budget surpluses are required to achieve a sustainable debt ratio. The negative

2012| Christian Dreger, Hans-Eggert Reimers
DIW Economic Bulletin 11 / 2012

Need for Reform of EU Banking: Decoupling the Solvency of Banks and Sovereigns

Recent developments in Ireland, Greece, and Spain have shown that sovereign debt crises endanger the solvency of domestic banking sectors, while banking crises in turn endanger the solvency of the domestic sovereigns. This diabolic loop between government and bank solvency is exacerbated by the home bias in banks' government bond portfolios, that is, banks' excessive exposure to domestic sovereign

2012| Johannes Pockrandt, Sören Radde

Economic Assessment of the Euro Area: Winter Report 2011/2012

Brussels [u.a.]: EUROFRAME, 2012, 45 S.

Green Investments in a European Growth Package

The Eurozone is still stuck in a downward spiral: high public and private debts weigh on potential growth; gloomy prospects for growth prevent the further reduction of these debts. A European plan to support growth should be a complement, and not a substitute, to the ongoing efforts to reduce public deficits. It should both encourage structural reforms and incentivize investments. In the short

Paris: IDDRI, 2012, 11 S.
(Working Paper / Institute for Sustainable Development and International Relations ; 2012,11/12)
| Thomas Spencer, Kerstin Bernoth, Lucas Chancel, Emmanuel Guerin, Karsten Neuhoff
Diskussionspapiere 1243 / 2012

Age Effects in the Okun's Law within the Eurozone

We estimate Okun coefficients for five different age cohorts for several Eurozone countries. We find a stable pattern for all countries: The relationship between business-cycle fluctuations and the unemployment rate is the strongest for the youngest cohort and gets smaller for the elderly cohorts.

2012| Oliver Hutengs, Georg Stadtmann
Externe referierte Aufsätze

Sovereign Risk Premiums in the European Government Bond Market

This paper provides a study of bond yield differentials among EU government bonds on the basis of a unique data set of issue spreads in the US and DM (Euro) bond market between 1993 and 2009. Interest differentials between bonds issued by EU countries and Germany or the USA contain risk premiums which increase with fiscal imbalances and depend negatively on the issuer's relative bond market size.

In: Journal of International Money and Finance 31 (2012), 5, S. 975-995 | Kerstin Bernoth, Jürgen von Hagen, Ludger Schuknecht
Diskussionspapiere 1212 / 2012

Internet Offer Prices for Flats and Their Determinants: A Cross Section of Large European Cities

In this paper, we construct a data set of Internet offer prices for flats in 48 large European cities from 24 countries. The data are collected in January - April 2012 from 33 websites, where the advertisements of flats for sale are placed. Using these data we investigate the determinants of the flat prices. Four factors are found to be relevant for the flats' price level: income per capita,

2012| Konstantin A. Kholodilin
DIW Wochenbericht 25 / 2012

"Grüne" Investitionen in einem europäischen Wachstumspaket

"Grüne" Investitionen können in einem europäischen Wachstumspaket eine zentrale Rolle einnehmen, da sie kurzfristig spürbare Beschäftigungsimpulse und mittel- bis langfristig positive fiskalische Effekte auslösen können. Die Summe der zusätzlichen "grünen" Investitionen könnte die Größenordnung der Konjunkturpakete der Jahre 2008/2009 übersteigen. Obwohl viele Projekte für Energieeffizienz und

2012| Thomas Spencer, Kerstin Bernoth, Lucas Chancel, Emmanuel Guérin, Karsten Neuhoff
DIW Wochenbericht 8 / 2012

Finanztransaktionssteuer: kurzfristigen Handel verteuern, Finanzmärkte stabilisieren

Eine Finanztransaktionssteuer kann neben der Finanzmarktregulierung das zentrale Instrument sein, um die Finanzmärkte in Zukunft wieder robuster zu machen. Wenn sie breit angelegt ist, zielt sie auf die Eindämmung von Regulierungsarbitrage, Blitzhandel, überaktivem Portfolio-Management und exzessiven Hebel- und Spekulationsgeschäften und setzt somit auch bei jener Klasse von Aktivitäten an, die

2012| Dorothea Schäfer
421 Ergebnisse, ab 411