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DIW Wochenbericht 30 / 1928

Die Märkte

1928
DIW Wochenbericht 29 / 1928

Die Märkte

1928
DIW Wochenbericht 1 / 1928

Die Märkte

1928
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 fractional integration at the long run or zero frequency, although adequately describing the persistent behaviour of the series, do not take into account its cyclical ...

2011| Guglielmo Maria Caporale, Luis A. Gil-Alana
Forschungsprojekt

Durchführung von Workshops zu wichtigen finanz- und wirtschaftspolitischen Themen

Abgeschlossenes Projekt| Konjunkturpolitik
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 dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger causality tests. The empirical results ...

2011| Guglielmo Maria Caporale, Marinko Skare
Monographien

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

Essen: RWI, 2011, 17 S.
(Ruhr Economic Papers ; 273)
| Ansgar Belke, Christian Dreger
Vierteljahrshefte zur Wirtschaftsforschung 4 / 2010

Die Verschuldungskrise der Europäischen Währungsunion: fiskalische Disziplinlosigkeit oder Konstruktionsfehler?

In diesem Artikel wird auf der Basis empirischer Daten argumentiert, dass die Schuldenkrise der Europäischen Währungsunion entgegen verbreiteter Ansicht nicht von einem starken Anstieg der Schuldenstandsquote von Staaten, sondern von einem starken Anstieg der Nettoauslandsverschuldungsquote von Ländern verursacht wurde. Die Zahlen sprechen außerdem dafür, dass die hohe Nettoauslandsverschuldung von ...

2010| Rainer Maurer
Diskussionspapiere 996 / 2010

How Much Fiscal Backing Must the ECB Have? The Euro Area Is Not the Philippines

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ("repo"). This has led some commentators to argue that the ECB needs "fiscal back-up" to cover any potential losses to be able to continue pursuing price stability. This Brief argues ...

2010| Ansgar Belke
Externe referierte Aufsätze

The Dynamics of European Inflation Expectations

We investigate the relevance of Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). In contrast to the most rational expectation models, households in the sticky information environment update their expectations occasionally rather than instantaneously due to the costs of acquiring and processing information. ...

In: The B.E. Journal of Macroeconomics 8 (2008), 1, Article 12 | Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
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