Implications for the euro area
Fiscal sustainability and policy implications for the euro area
... policy implications for the euro area * Introduction Populations are ageing rapidly in nearly all EU Member States, due to gradually increasing life expectancy, the baby-boom baby-bust cycle observed ...
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Implications of Macroeconomic Volatility in the Euro Area
... research area by simulating a Euro area (EA) specific un- certainty shock and derives implications for the heterogeneous countries in different parts of the union with respect to numerous ...
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Macroeconomic implications of demographic developments in the euro area
... the euro area and compares them with those in the United ...all euro area countries face the prospect of declining population growth, there are considerable differences with regard to the pace ...
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Systemic sovereign risk: macroeconomic implications in the euro area
... macroeconomic implications of changes in sovereign risk premia? In this paper, I use a novel identication strategy coupled with a new dataset for the Euro Area to answer this ques- ...
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On Origins and Implications of the Sovereign Debt Crisis in the Euro Area
... The Euro is essentially a political project with an unprecedented ...the Euro Area can be considered as the optimum currency area and what are the necessary integration forms for effective ...
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Economic Catching up in the Enlarged Euro Area: Implications for the Common Monetary Policy
... In the sections that follow, I examine historical evidence on real convergence in Europe and North America for the sole purpose of deriving implications for a common monetary policy in a diverse but converging ...
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New evidence on inflation persistence and price stickiness in the Euro area: Implications for macro modelling
... policy implications from the wealth of micro evidence on the features of price setting in the euro area summarised in Álvarez et al (2005) requires structural macro models that are consistent with ...
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Aspects of the Current Fiscal - Budgetary Situation in Some Euro Area Countries. Implications for Romania
... is euro, the fiscal and budgetary challenges seem to threaten even the stability of the euro ...some euro area countries, more seriously affected (Greece, Italy, Portugal, Ireland, Spain) and ...
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NEW EVIDENCE ON INFLATION PERSISTENCE AND PRICE STICKINESS IN THE EURO AREA: IMPLICATIONS FOR MACRO MODELING
... Drawing monetary policy implications from the wealth of micro evidence on the features of price setting in the euro area summarised in Álvarez et al. (2006) requires structural macro models that are ...
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Fiscal sustainability and policy implications for the euro area.
... zone euro. Au regard des implications de politique économique, nous évaluons la pertinence des différentes stratégies budgétaires pour restaurer la soutenabilité des finances publiques en prenant en compte ...
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Macroeconomic implications of low inflation in the euro area
... the euro area share prices (Euro Stox 50) had fallen by more than 50% from their peak in March 2000, so that it is of course easy to draw ...the euro area, the low inflation objective ...
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Chapter 5: Implications of the crisis for the euro area
... the euro area ...the euro value of a sovereign bond’s coupon is unaf- fected by the domestic inflation ...the euro area and a conversion of the bonds in the (reintro- duced) domestic ...
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Business cycle synchronisation in the euro area: Developments, determinants and implications
... However, Paul Krugman (1993) 4 , while granting that monetary union may intensify trade, argued that precisely this intensification of trade links might also intensify economic specialisation and could thus make business ...
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Changes in Human Capital: Implications for Productivity Growth in the Euro Area
... of euro area productivity growth has been ...the euro area has experienced a sustained decline in labour productivity growth since the ...Robust euro area employment growth in ...
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INFLATION DIFFERENTIALS IN THE EURO AREA: POTENTIAL CAUSES AND POLICY IMPLICATIONS
... the euro, a greater reliance on factor mobility and/or relative price and wage flexibility is ...the euro area may thus be viewed as a natural part of this adjustment process, rather than a problem ...
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On the stability of euro area money demand and its implications for monetary policy
... of euro from abroad, a finding consistent with the idea of a consolidation of the euro as reserve currency, which would explain the emergence of the speculative motive only after ...
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The Euro Area sovereign debt crisis: Some implications of its systemic dimension
... 6.1. Imbalances First, if the export-led growth of Germany and other north-European countries is limited by the low import capacity of periphery, austerity in the latter will hurt growth in the former. In fact, the ...
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The euro goes East. Implications of the 2000-2002 economic slowdown for synchronisation of business cycles between the euro area and CEEs
... the euro area and ...the euro area, including the recent slowdown of the ...currency area as current members of the monetary ...
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TARGET2 Unlimited: Monetary Policy Implications of Asymmetric Liquidity Management within the Euro Area
... Should that be the case, the Eurosystem would need to provide liquidity to banks in countries with TARGET2 liabilities while absorbing excess liquidity in countries with TARGET2 claims to maintain a common interest rate ...
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An Estimated DSGE Model of Austria, the Euro Area and the U.S.: Some Welfare Implications of EMU
... First, the general conclusion is that domestic shocks matter a lot for output and consumption in Austria as well as in the foreign countries, in contrast foreign shocks are important for[r] ...
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