#EconomieEuropéenne – Working papers #RePEc (12/06/2014)

europe

Source: RePEc – EconPapers

Sélection de documents de travail sur l’économie de l’Europe:

The process of financial integration of EU economies
Marco Veronese Passarella 
Financialisation, Economy, Society & Sustainable D…
Keywords: Financial Crises, Govern Policy and Regulation of Financial Markets, Financial Institutions, Varieti…
JEL-code: G01 G18 G21 N20

International Capital Flows and the Boom-Bust Cycle in Spain
in’tVeld, Jan, Robert Kollmann, Beatrice Pataracchia, Marco Ratto and Werner Roeger 
ULB — Universite Libre de Bruxelles
Keywords: international capital flows; boom-bust cycle; sudden stop; housing market; financial frictions; spai…
JEL-code: C11 E21 E32 E62

The Impact of Euro Adoption on Export Performance: Comparison of the Czech Republic and Slovakia
Oliver Polyak 
Charles University Prague, Faculty of Social Scien…
Keywords: competitiveness, euro adoption, export, Czech Republic, Slovakia
JEL-code: F14 F15

EMU sovereign debt market crisis: Fundamentals-based or pure contagion?
Marta Gómez-Puig and Simon Sosvilla-Rivero 
University of Barcelona, Research Institute of App…
Keywords: Sovereign bond spreads, contagion, Granger-causality, time-varying approach, euro area, ordered logi…

Addressing weak inflation: The European Central Bank’s shopping list
Grégory Claeys, Zsolt Darvas, Silvia Merler and Guntram Wolff 
Bruegel

Searching under the lamp-post: the evolution of fiscal surveillance
Deborah Mabbett and Waltraud Schelkle 
European Institute, LSE
Keywords: economic governance, financial crisis, Stability and Growth Pact

Distributive Effects of the Crisis and Austerity in Seven EU Countries
Manos Matsaganis and Chrysa Leventi 
Herman Deleeck Centre for Social Policy, Universit…
Keywords: austerity, crisis, income distribution, microsimulation, European Union, EU-SILC, EUROMOD
JEL-code: C81 D3 I3 H2 H31

Denmark’s fixed exchange rate regime and the delayed recovery from the Global Financial Crisis: A comparative macroeconomic analysis
Thomas Barnebeck Andersen and Nikolaj Malchow-Møller 
Department of Business and Economics, University o…
Keywords: Exchange rate regimes; monetary policy; financial crisis; economic growth
JEL-code: E52 E62 E65 F33 O57

The Taylor Rule and Financial Stability: A Literature Review with Application for the Eurozone
Benjamin Käfer 
Philipps-Universität Marburg, Faculty of Business …
Keywords: Taylor rule, financial stability, sovereign debt crisis, Eurozone heterogeneity, exchange rates, ass…
JEL-code: E52 F33 F42

Image: NYPL

#EuropeanEconomics – Working papers (#RePEc, 27/05/2014)

europe

Source: RePEc – EconPapers

Sélection de working papers en économie européenne:

The process of financial integration of EU economies
Marco Veronese Passarella 
Financialisation, Economy, Society & Sustainable D…
Keywords: Financial Crises, Govern Policy and Regulation of Financial Markets, Financial Institutions, Varieti…
JEL-code: G01 G18 G21 N20

International Capital Flows and the Boom-Bust Cycle in Spain
in’tVeld, Jan, Robert Kollmann, Beatrice Pataracchia, Marco Ratto and Werner Roeger 
ULB — Universite Libre de Bruxelles
Keywords: international capital flows; boom-bust cycle; sudden stop; housing market; financial frictions; spai…
JEL-code: C11 E21 E32 E62

The Impact of Euro Adoption on Export Performance: Comparison of the Czech Republic and Slovakia
Oliver Polyak 
Charles University Prague, Faculty of Social Scien…
Keywords: competitiveness, euro adoption, export, Czech Republic, Slovakia
JEL-code: F14 F15

EMU sovereign debt market crisis: Fundamentals-based or pure contagion?
Marta Gómez-Puig and Simón Sosvilla-Rivero 
University of Barcelona, Research Institute of App…
Keywords: Sovereign bond spreads, contagion, Granger-causality, time-varying approach, euro area, ordered logi…

Addressing weak inflation: The European Central Bank’s shopping list
Grégory Claeys, Zsolt Darvas, Silvia Merler and Guntram Wolff 
Bruegel

Searching under the lamp-post: the evolution of fiscal surveillance
Deborah Mabbett and Waltraud Schelkle 
European Institute, LSE
Keywords: economic governance, financial crisis, Stability and Growth Pact

Distributive Effects of the Crisis and Austerity in Seven EU Countries
Manos Matsaganis and Chrysa Leventi 
Herman Deleeck Centre for Social Policy, Universit…
Keywords: austerity, crisis, income distribution, microsimulation, European Union, EU-SILC, EUROMOD
JEL-code: C81 D3 I3 H2 H31

Denmark’s fixed exchange rate regime and the delayed recovery from the Global Financial Crisis: A comparative macroeconomic analysis
Thomas Barnebeck Andersen and Nikolaj Malchow-Møller 
Department of Business and Economics, University o…
Keywords: Exchange rate regimes; monetary policy; financial crisis; economic growth
JEL-code: E52 E62 E65 F33 O57

The Taylor Rule and Financial Stability: A Literature Review with Application for the Eurozone
Benjamin Käfer 
Philipps-Universität Marburg, Faculty of Business …
Keywords: Taylor rule, financial stability, sovereign debt crisis, Eurozone heterogeneity, exchange rates, ass…
JEL-code: E52 F33 F42

#EuropeanEconomics – Working papers (#RePEc, 15/05/2014)

europe

Source: RePEc – EconPapers

Sélection de working papers dans le domaine de l’économie européenne:

Economic Growth from the Household Perspective: GDP and Income Distribution Developments Across OECD Countries
Orsetta Causa, Sonia Araujo, Agnès Cavaciuti, Nicolas Ruiz and Zuzana Smidova 
OECD Publishing
Keywords: income distribution, poverty, median income, polarisation, middle class, inequality, polarisation, c…
JEL-code: D31 I31 I32

 

Corporate Financing Choices after the 2007-2008 Financial Crisis
João Pinto and Mário Coutinho dos Santos 
Faculdade de Economia e Gestão, Universidade Catól…
Keywords: financing, security design, loan and bond pricing, structured finance, project finance, asset securi…
JEL-code: F34 G01 G12 G21 G24

 

The single supervisory mechanism or “SSM”, part one of the Banking Union
Eddy Wymeersch 
National Bank of Belgium
Keywords: Regulation Single Supervisory Mechanism, European Central Bank, European Banking Authority, banking …
JEL-code: G20 G28 G38

 

Nowcasting Belgium
David de Antonio Liedo 
National Bank of Belgium
Keywords: news, dynamic factor models, EM algorithm
JEL-code: C32 C53 E37

 

Post Reunification Economic Fluctuations in Germany: A Real Business Cycle Interpretation
Michael A. Flor 
Universitaet Augsburg, Institute for Economics
Keywords: Macroeconomic Data, National Income, Product Accounts, Economic Fluctuations, Real Business Cycles
JEL-code: C82 E01 E32

 

The productivity puzzle: a firm-level investigation into employment behaviour and resource allocation over the crisis
Alina Barnett, Adrian Chiu, Jeremy Franklin and Maria Sebastia-Barriel 
Bank of England
Keywords: Productivity growth; long-run growth; resource reallocation; entry; exit; financial crisis
JEL-code: E32 L11 O47

 

The « True » Deficit
Maria Marcanova and Ludovit Odor 
Council for Budget Responsibility
Keywords: fiscal policy, budget balance, structural fiscal balance, one-off measures
JEL-code: E32 E60 E62 H30 H60 H62

 

The impact of the global and eurozone crises on European banks stocks Some evidence of shift contagion
Jean-Pierre Allegret, Helene RAYMOND and Houda Rharrabti 
University of Paris West – Nanterre la Défense, Ec…
Keywords: Smooth Transition Regression model, European sovereign debt crisis, Banks’ equity returns, Contagion…
JEL-code: E6 F3 G2

 

La Meglio Gioventù: Earnings Gaps across Generations and Skills in Italy
Paolo Naticchioni, Michele Raitano and Claudia Vittori 
Institute for the Study of Labor (IZA)
Keywords: youth, cohorts, education, earnings, Italy
JEL-code: J24 J31

 

10 Supporting Access to Finance by SMEs: Mapping the initiatives in five EU countries
Federico Infelise 
Centre for European Policy Studies

 

11 The EMS Crisis of the 1990s: Parallels with the present crisis?
Daniel Gros 
Centre for European Policy Studies

 

12 Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contract
Richard Portes, Julien Fouquau and Anne-Laure Delatte 
Paris Dauphine University
Keywords: European sovereign crisis; Panel Smooth Threshold Regression Models; CDS indices;
JEL-code: E44 F34 G12 H63 C23

 

13 The relationship between debt level and fiscal sustainability in OECD countries
Mariam Camarero, Josep Lluís Carrion–Silvestre and Cecilio Tamarit 
Department of Applied Economics II, Universidad de…
Keywords: fi scal sustainability, cointegration, unit roots, structural breaks
JEL-code: H62 E62 C22

 

14 Capital income shares and income inequality in the European Union
Eva Schlenker and Kai Daniel Schmid 
ECINEQ, Society for the Study of Economic Inequali…
Keywords: Factor shares, income inequality, EU-SILC, fixed effects.
JEL-code: D31 D33 E6 E25

 

15 Offshoring, employment, labour market reform and inequality: Modelling the German experience
Thomas Beissinger, Nathalie Chusseau and Joel Hellier 
ECINEQ, Society for the Study of Economic Inequali…
Keywords: Germany, inequality, labour market reform, offshoring, unemployment.
JEL-code: H55 J31 J65

 

16 The Lifetime Earnings Premium in the Public Sector: The View from Europe
Matt Dickson, Fabien Postel-Vinay and Hélène Turon 
Institute for the Study of Labor (IZA)
Keywords: income dynamics, job mobility, public-private inequality, selection effects, institutions
JEL-code: J45 J31 J62

 

17 Economic Growth and Political Integration: Estimating the Benefits from Membership in the European Union Using the Synthetic Counterfactuals Method
Nauro F. Campos, Fabrizio Coricelli and Luigi Moretti 
Institute for the Study of Labor (IZA)
Keywords: economic growth, European Union, synthetic counterfactuals
JEL-code: C33 F15 F43 O52

 

Image: NYPL

#EuropeanEconomics – Working papers (#RePEc, 17/04/2014)

working_papers1

Source: RePEc – EconPapers

Youth Unemployment in Mediterranean Countries
Werner Eichhorst and Franziska Neder 
Institute for the Study of Labor (IZA)
Keywords: vocational training, Europe, Mediterranean countries, youth unemployment
JEL-code: J21 J23 J24
Created/Revised: 2014-03Downloads

Competitiveness disparities behind the economic crisis in the euro area
Olavi Rantala 
The Research Institute of the Finnish Economy
Keywords: Euro crisis, competitiveness
JEL-code: C67 E64 F16
Created/Revised: 2014-04-01Downloads

The Euro Crisis and Swedish GDP Growth — A Study of Spillovers
Pär Österholm and Pär Stockhammar 
National Institute of Economic Research
Keywords: Small open economy; Bayesian VAR; Policy uncertainty index
JEL-code: C32 F43
Created/Revised: 2014-03-25Downloads

EMU: The Sustainability Issue
Frédéric Teulon 
Department of Research, Ipag Business School
Keywords: European Monetary Union; European Central Bank (EBC); Eurozone; Stability growth pact; Financial cri…
JEL-code: E42 E44 G38
Created/Revised: 2014-03-28Downloads

Unemployment in European Regions: Structural Problems vs. the Eurozone Hypothesis
Åke E. Andersson, David Emanuel Andersson , Björn Hårsman and Zara Daghbashyan 
Royal Institute of Technology, CESIS – Centre of E…
Keywords: unemployment; Euro; institutions; accessibility
JEL-code: R10 R15 R23 R28
Created/Revised: 2014-03-26Downloads

The Fiscal Compact and Current Account Patterns in Europe
Stefan Behrendt 
Friedrich-Schiller-University Jena
Keywords: fiscal policy, Fiscal Compact, current account, sectoral balances
JEL-code: E27 E61 E62 E66 F32 H62 H63
Created/Revised: 2014-03-26Downloads

Crisis continues to smoulder
IMK Düsseldorf, OFCE Paris and WIFO Wien 
IMK at the Hans Boeckler Foundation, Macroeconomic…
Created/Revised: 2013Downloads

Foreign trade of the EU27
Sabine Stephan and Jonas Löbbing 
IMK at the Hans Boeckler Foundation, Macroeconomic…
Created/Revised: 2013Downloads

Labour cost trends and international competitiveness in Europe
Alexander Herzog-Stein, Heike Joebges, Ulrike Stein and Rudolf Zwiener 
IMK at the Hans Boeckler Foundation, Macroeconomic…
Created/Revised: 2013Downloads

10 Structural Asymmetries at the Roots of the Eurozone Crisis: What’s New for Industrial Policy in the EU?
Alberto Botta 
Levy Economics Institute, The
Keywords: Center–Periphery Structural Symmetries, EU Industrial Policy
JEL-code: E12 F15 O25 O52
Created/Revised: 2014-03Downloads

11 Does Interbank Market Matter for Business Cycle Fluctuation? An Estimated DSGE Model with Financial Frictions for the Euro Area
Federico Giri 
Universita’ Politecnica delle Marche (I), Dipartim…
Keywords: Bayesan estimation, DSGE model, financial frictions, interbank market
JEL-code: E30 E44 E51
Created/Revised: 2014-03Downloads

12 Monetary Policy Switching in the Euro Area and Multiple Equilibria: An Empirical Investigation
Gilles Dufrénot and Anwar Khayat 
Aix-Marseille School of Economics, Marseille, Fran…
Keywords: Nonlinear Taylor rules; multiple steady state equilibria; Euro area.
JEL-code: C54 E52 E58
Created/Revised: 2014-01Downloads

13 Financial stability and economic performance
Jérôme Creel, Paul Hubert and Fabien Labondance 
Sciences Po Departement of Economics
Keywords: Financial deppth; Aggregate dynamics; financial stability; banks; non perrforming loans; CISS; Z sco…
JEL-code: G10 G21 O40
Created/Revised: 2013-12Downloads

14 Re-insudstrializing the Eurozone
Jean-Luc Gaffard 
Sciences Po Departement of Economics
Created/Revised: 2013-06Downloads

15 Redemption?
Catherine Mathieu and Henri Sterdyniak 
Sciences Po Departement of Economics
Keywords: EU fiscal policy; EU governance
Created/Revised: 2013-05Downloads

16 Banking union a solution to the euro zone crisis
Henri Sterdyniak and Maylis Avaro 
Sciences Po Departement of Economics
Created/Revised: 2013-09Downloads

17 Assessing the Interest Rate and Bank Lending Channels of ECB Monetary Policies
Jérôme Creel, Mathilde Viennot and Paul Hubert 
Sciences Po Departement of Economics
Keywords: transmission channels; unconventional monetary policy; pass-through
JEL-code: E51 E58
Created/Revised: 2013-12Downloads

#EuropeanEconomics – Working papers (#RePEc, 10/04/2014)

working_papers1

Source: RePEc – EconPapers

Anatomy of a Bail-In
Thomas Conlon and John Cotter 
arXiv.org
Created/Revised: 2014-03Downloads

Cross-country insurance mechanisms in currency unions
Nancy van Beers, Michiel Bijlsma and Gijsbert T. J. Zwart 
Bruegel
Created/Revised: 2014-03Downloads

Transmission effects in the presence of structural breaks: evidence from south-eastern European countries
Minoas Koukouritakis, Athanasios P Papadopoulos and Andreas Yannopoulos 
Bank of Greece
Keywords: Monetary Transmission Mechanism; Structural Breaks; LM Unit Root Tests; Cointegration Tests; Impulse…
JEL-code: E43 F15 F42
Created/Revised: 2014-01Downloads

Putting the EMU integration into a new perspective: the case of capital market holdings
George T. Palaiodimos 
Bank of Greece
Keywords: Market integration; Gravity models; equity holdings; bond holdings; EMU.
JEL-code: F36 F30 F10 F41 G11
Created/Revised: 2013-12Downloads

Why firms avoid cutting wages: survey evidence from European firms
Philip Du Caju, Theodora Kosma, Martina Lawless, Julian Messina and Tairi Room 
Bank of Greece
Keywords: labour costs; wage rigidity; firm survey; wage cuts; European Union
JEL-code: J30 J32 J33 J51 C81 P5
Created/Revised: 2014-01Downloads

The pricing of sovereign risk and contagion during the European sovereign debt crisis
John Beirne and Marcel Fratzscher 
European Central Bank
Keywords: bond spreads, CDS spreads, contagion, ratings, sovereign debt crisis, sovereign risk
Created/Revised: 2013-12Downloads

Macroeconomic experiences and risk taking of euro area households
Miguel Ampudia and Michael Ehrmann 
European Central Bank
Keywords: household finance, learning, portfolio choice, rare disasters, risk-taking behavior
Created/Revised: 2014-03Downloads

Financial conditions index and credit supply shocks for the euro area
Matthieu DARRACQ PARIES, Laurent Maurin and Diego Moccero 
European Central Bank
Keywords: credit supply shocks, euro area, factor models, financial conditions index, large dataset, sign rest…
Created/Revised: 2014-03Downloads

Cross-border production chains and business cycle co-movement between Central and Eastern European countries and euro area member states
Plamen Iossifov 
European Central Bank
Keywords: business cycle, CEE, Central and Eastern European countries, cross-border production chains, global …
Created/Revised: 2014-01Downloads

10 Financial flexibility across the euro area and the UK
Annalisa Ferrando, Maria-Teresa Marchica and Roberto Mura 
European Central Bank
Keywords: cross-country analysis, financial flexibility, investment, low leverage
Created/Revised: 2014-01Downloads

11 The euro plus pact: cost competitiveness and external capital flows in the EU countries
Hubert Gabrisch and Karsten Staehr 
European Central Bank
Keywords: current account imbalances, economic crisis, European integration, policy coordination, unit labour …
Created/Revised: 2014-03Downloads

12 European Integration: Partisan Motives or Economic Benefits?
Patricia Esteve-González & Bernd Theilen 
London School of Economics / European Institute
Keywords: Maastricht Treaty; budget; trade policy
Created/Revised: 2014-02-05Downloads

13 Is It Too Late to Bail Out the Troubled Countries in the Eurozone?
Juan Carlos Conesa and Timothy J. Kehoe 
Federal Reserve Bank of Minneapolis
Keywords: Sovereign debt; Bailout; Penalty interest rate; Collateral
JEL-code: F34 F53 G01
Created/Revised: 2014-02-05Downloads

14 Sovereign credit ratings, market volatility, and financial gains
Antonio Afonso, Pedro Gomes and Abderrahim Taamouti 
European Central Bank
Keywords: EGARCH, financial gain, optimal portfolio, risk management, sovereign ratings, stock market returns,…
Created/Revised: 2014-03Downloads

15 External and macroeconomic adjustment in the larger euro area countries
Elena Angelini, Ca’ Zorzi, Michele and Katrin Forster 
European Central Bank
Keywords: current account, euro area countries, modeling, net lending
Created/Revised: 2014-03Downloads

16 The impact of news and the SMP on realized (co)variances in the eurozone sovereign debt market
Roel Beetsma, Frank de Jong, Massimo Giuliodori and Daniel Widijanto 
European Central Bank
Keywords: crisis, eurozone, realized covariances, SMP, sovereign debt, spillovers
Created/Revised: 2014-01Downloads

17 A high frequency assessment of the ECB securities markets programme
Eric Ghysels, Julien Idier, Simone Manganelli and Olivier Vergote 
European Central Bank
Keywords: component models, euro area crisis, high frequency data, SMP, unconventional monetary policy
Created/Revised: 2014-02Downloads

18 Reallocation of Resources Across Age in a Comparative European Setting
Bernhard Hammer, Alexia Prskawetz and Inga Freund 
WWWforEurope
Keywords: Ageing, challenges for welfare system, demographic change, welfare state
JEL-code: I38 J10
Created/Revised: 2014-03Downloads

19 Reforming EU economic governance: is ‘more’ any better?
Renaud Thillaye, Ludek Kouba and Andreas Sachs 
WWWforEurope
Keywords: EU integration, European economic policy, European governance, European Monetary Union, Good governa…
JEL-code: E02
Created/Revised: 2014-03Downloads

20 Nonlinearities in sovereign risk pricing the role of cds index contracts
Anne Laure Delatte 
Observatoire Francais des Conjonctures Economiques…
Keywords: European sovereign crisis, Panel Smooth Threshold regression models, CDS indices
JEL-code: E44 F34 G12 H63 C23
Created/Revised: 2014-03Downloads

#EuropeanEconomics – Working papers (#RePEc, 07/04/2014)

working_papers1

Source: RePEc – EconPapers

OECD Forecasts During and After the Financial Crisis: A Post Mortem
Nigel Pain, Christine Lewis, Thai-Thanh Dang, Yosuke Jin and Peter W Richardson 
OECD Publishing
Keywords: forecasting, inflation, economic outlook, fiscal policy, economic fluctuations, fluctuations économi…
JEL-code: E17 E27 E31 E32 E37 E62 E66 F47 G01
Created/Revised: 2014-03-17Downloads

The bilateral trade balance of the EU in the presence of structural breaks
Natalya Ketenci 
University Library of Munich, Germany
Keywords: Bilateral trade balance, J-curve, cointegration, structural breaks, EU.
JEL-code: F14 F31
Created/Revised: 2014Downloads

Wealth shocks, credit-supply shocks, and asset allocation: Evidence from household and firm portfolios
Thomas Kick, Benedikt Ruprecht, Enrico Onali and Klaus Schaeck 
Deutsche Bundesbank, Research Centre
Keywords: asset allocation,sovereign debt crisis,credit-supply shocks,bank distress
JEL-code: D12 D13 G11 G21
Created/Revised: 2014Downloads

Are All Sovereigns Equal? A Test of the Common Determination of Sovereign Spreads in the Euro Area
Heather D. Gibson, Stephen G. Hall and George S. Tavlas 
Department of Economics, University of Leicester
Keywords: euro area financial crisis, sovereign spreads, panel data tests
JEL-code: C33 G12 E63
Created/Revised: 2014-03Downloads

The Service Sector and Female Market Work: Europe vs the US
Michelle Rendall 
Society for Economic Dynamics
Created/Revised: 2013Downloads

Investment to the Rescue
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic 
The Vienna Institute for International Economic St…
Keywords: Central and East European new EU Member States, Southeast Europe, financial crisis, Balkans, Russia,…
JEL-code: C33 C50 E20 E29 F34 G01 G18 O52 O57 P24 P27 P33 P52
Created/Revised: 2014-03Downloads

Fiscal austerity and income distribution in Italy
Massimo Baldini 
Universita di Modena e Reggio Emilia, Dipartimento…
Keywords: income distribution, fiscal austerity, Italy, tax-benefit system
JEL-code: I32 H2
Created/Revised: 2014-03Downloads

How to switch off the cypriot financial crisis without weakening durably Europe ?
Jean Messiha, Bruno-Laurent Moschetto and Frédéric Teulon 
Department of Research, Ipag Business School
Keywords: Crise financière, Chypre, Dette publique, Mécanisme Européen de Solidarité, Zone euro.
JEL-code: E50 G15 G21
Created/Revised: 2014-02-25Downloads

Exit Strategies and Their Impact on the Euro Area – A Model Based View
Ansgar Belke 
Rheinisch-Westfälisches Institut für Wirtschaftsfo…
Keywords: Federal funds rate; exit strategies; global spillovers; international policy coordination; sudden st…
JEL-code: G01 G12 E58 H12
Created/Revised: 2014-01Downloads

10 Monetary and macroprudential policy in an estimated DSGE model of the Euro Area
Dominic Quint and Pau Rabanal 
Free University Berlin, School of Business & Econo…
Keywords: Monetary Policy,EMU,Basel III,Financial Frictions
JEL-code: C51 E44 E52
Created/Revised: 2014Downloads

11 Labor market reforms and unemployment dynamics
Fabrice Murtin and Jean-Marc Robin 
Centre for Microdata Methods and Practice, Institu…
Created/Revised: 2014-03Downloads

12 Debt Redemption Fund: Conditio Sine Qua Non? Government Bonds in the Euro Area Crisis
Silke Tober 
IMK at the Hans Boeckler Foundation, Macroeconomic…
Keywords: Debt Redemption Fund, OMT, safe assets, TARGET2, constitutional court, current account imbalances
Created/Revised: 2014Downloads

13 Growth Effects of Structural Reforms in Southern Europe: The case of Greece, Italy, Spain and Portugal
Janos Varga, Werner Roeger and in ‘t Veld, Jan 
Directorate General Economic and Monetary Affairs …
JEL-code: E10 O20 O30 O41
Created/Revised: 2013-12Downloads

#EuropeanEconomics – Working papers (#RePEc, 31/03/2014)

working_papers1

Source: RePEc – EconPapers

Predictions vs. preliminary sample estimates: the case of eurozone quarterly GDP
D’Elia, Enrico 
Department of the Treasury, Ministry of the Econom…
Keywords: Accuracy, data dissemination, eurozone GDP, forecast, preliminary estimates, timeliness
JEL-code: C44 C49 C82 C83
Created/Revised: 2014-03Downloads

International Financial Flows and the Irish Crisis
Philip Lane 
IIIS
Keywords: international capital flows, euro crisis, Irish crisis
JEL-code: E42 E60 F32 F33Downloads

Implementation of the fiscal compact in the Euro area member states: Expertise on the behalf of the German Council of Economic Experts
Heiko T. Burret and Jan Schnellenbach 
German Council of Economic Experts / Sachverständi…
Created/Revised: 2014Downloads

European Monetary Policy in the Heterogeneous Currency Area and the Open Question of Convergence
Nicolas Afflatet 
ZBW – German National Library of Economics
Keywords: Taylor rule,convergence,divergence,time series tests,stationarity,currency area,single monetary poli…
Created/Revised: 2014-03Downloads

Fiscal devaluation scenarios: a quantitative assessment for the Italian economy
Barbara Annicchiarico, Fabio Di Dio and Francesco Felici 
Department of the Treasury, Ministry of the Econom…
Keywords: Fiscal devaluation, DGE, structural reforms, Italy
JEL-code: E10 C50 E60
Created/Revised: 2014-02Downloads

Fiscal rules and government size in the European Union
Eduard Suari Andreu and Jochen Mierau 
University of Groningen, Research Institute SOM (S…
Created/Revised: 2014Downloads

Effects of ECB balance sheet policy announcements on inflation expectations
Richhild Moessner 
Netherlands Central Bank, Research Department
Keywords: Monetary policy; central bank communication; balance sheet policies; inflation expectations
JEL-code: E52 E58
Created/Revised: 2014-03Downloads

European Integration: Partisan Motives or Economic Benefits?
Patrícia Esteve and Theilen, Bernd, 1965- 
Universitat Rovira i Virgili, Department of Econom…
Keywords: Europa — Integració econòmica, Pressupost — Comunitat Europea, Països de la, 339 – Comerç. Relacio…
Created/Revised: 2014Downloads

Migration as an adjustment mechanism in the crisis? A comparison of Europe and the United States
Julia Jauer, Thomas Liebig, John P. Martin and Patrick A. Puhani 
Centre for Research and Analysis of Migration (CRe…
Keywords: Free mobility, migration, economic crisis, labour market adjustment, Eurozone, Europe, United States
JEL-code: F15 F16 F22 J61
Created/Revised: 2014-03Downloads

10 A re-examination of real interest parity in CEECs using old and new generations of panel unit root tests
Claudiu Tiberiu Albulescu, Dominique Pépin and Aviral Kumar Tiwari 
arXiv.org
Created/Revised: 2014-03Downloads

11 Topics in Fiscal Policy: Evidence from a Representative Survey of the German Population
Bernd Hayo and Matthias Uhl 
Philipps-Universität Marburg, Faculty of Business …
Keywords: Survey evidence Fiscal policy Public debt Public preferences Consumption Labour supply
JEL-code: E21 E62 H30 J22
Created/Revised: 2014Downloads

12 Heterogeneous monetary transmission process in the Eurozone: Does banking competition matter?
Aurélien Leroy and Yannick Lucotte 
National Bank of Poland, Economic Institute
Keywords: interest rate pass-through; bank competition; Lerner index; euro area countries; error-correction mo…
JEL-code: C23 D4 E43 E52 G21 L10
Created/Revised: 2014Downloads

13 The Development of EU and EU Member States’ External Competitiveness
Angela Cheptea, Charlotte Emlinger, Lionel Fontagné, Gianluca Orefice and Olga Pindyuk 
CEPII research center
Keywords: Competitiveness;trade in value added
JEL-code: F14 F15
Created/Revised: 2014-03Downloads

14 Do Large Governments Decrease Happiness?
Tiago Neves Sequeira, Tiago Minas and Alexandra Ferreira Lopes 
University Library of Munich, Germany
Keywords: Happiness; Life Satisfaction; Government Size; Fiscal Deficits; Public Debt; Europe
JEL-code: C21 D60 H30 I31 O52
Created/Revised: 2014Downloads

15 Nonparametric Test for a Constant Beta over a Fixed Time Interval
Markus Reiß, Viktor Todorov and George Tauchen 
Humboldt University, Collaborative Research Center…
Keywords: nonparametric tests, time-varying beta, stochastic volatility, high-frequency data
JEL-code: C14 C32 C58 G10
Created/Revised: 2014-03Downloads