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923 Ergebnisse, ab 861
Diskussionspapiere 1141 / 2011

Ramifications of Debt Restructuring on the Euro Area: The Example of Large European Economies' Exposure to Greece

The Greek government budget situation plays a central role in the debt crisis in the euro area. The debt to GDP ratio is above 150 percent, while the deficit to GDP ratio exceeds 10 percent. To re-establish the Maastricht criteria, respectively, ...

2011| Ansgar Belke, Christian Dreger
Diskussionspapiere 1138 / 2011

Employment Growth, Inflation and Output Growth: Was Phillips Right? Evidence from a Dynamic Panel

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous ...

2011| Guglielmo Maria Caporale, Marinko Skare
Diskussionspapiere 1114 / 2011

The Euro Changeover and Price Adjustments in Italy

By estimating a staggered price model over the period 1980q1-2010q2, this paper documents that, after the euro changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate, with a ...

2011| Guglielmo Maria Caporale, Alessandro Girardi, Marco Ventura

Current Account Imbalances in the Euro Area: Catching up or Competitiveness?

Essen: RWI, 2011, 23 S.
(Ruhr Economic Papers ; 241)
| Ansgar Belke, Christian Dreger
Diskussionspapiere 1106 / 2011

Current Account Imbalances in the Euro Area: Catching up or Competitiveness?

In the debate on global imbalances, the euro area countries did not receive much attention so far. While the current account is on balance for the entire area, divergences between individual member states have increased since the introduction of the

2011| Ansgar Belke, Christian Dreger
Diskussionspapiere 1064 / 2010

Money Demand and the Role of Monetary Indicators in Forecasting Euro Area Inflation

This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental value, the latter determined by a

2010| Christian Dreger, Jürgen Wolters
Externe referierte Aufsätze

Die Auswirkungen der Geldmenge und des Kreditvolumens auf die Immobilienpreise: ein ARDL-Ansatz für Deutschland

Die aktuellen Finanzmarktturbulenzen wurden durch Entwicklungen im Immobiliensektor ausgelöst. Vor diesem Hintergrund analysiert dieser Beitrag den Zusammenhang zwischen den Immobilienpreisen und der Geldmengen- und Kreditvolumensentwicklung für den

In: Jahrbücher für Nationalökonomie und Statistik 230 (2010), 2, S. 138-162 | Ansgar Belke
Weitere Aufsätze

Monetary Policy Challenges of the ECB Facing a Divergent Inflationary Process in the EMU Area

In: Giuseppe Fontana, John McCombie, Malcolm Sawyer (Eds.) , Macroeconomics, Finance and Money
S. 54-74
| Georg Erber, Harald Hagemann

Durchführung von Workshops zu wichtigen finanz- und wirtschaftspolitischen Themen

Abgeschlossenes Projekt| Konjunkturpolitik
Diskussionspapiere 1165 / 2011

Persistence and Cyclical Dependence in the Monthly Euribor Rate

This paper analyses two well-known features of interest rates, namely their time dependence and their cyclical structure. Specifically, it focuses on the monthly Euribor rate, using monthly data from January 1994 to May 2011. Models based on ...

2011| Guglielmo Maria Caporale, Luis A. Gil-Alana
923 Ergebnisse, ab 861