Convergence crisis: economic crisis and convergence in the European UnionInternational Economics and Economic Policy - Tập 9 - Trang 297-322 - 2012
Péter Halmai, Viktória Vásáry
The success of the integration process of the new EU Member States is reflected by the convergence performance. Sustainable convergence assumes that potential growth rates of the less developed countries continuously exceed the dynamics of the potential output of the developed countries. However, the financial and economic crisis of 2008 has resulted in a fundamentally new situation as regards the...... hiện toàn bộ
Sự không đồng nhất trong cho vay và tăng trưởng theo ngành: Bằng chứng từ dữ liệu cấp ngân hàng ở Đức Dịch bởi AI International Economics and Economic Policy - Tập 3 - Trang 43-72 - 2006
Andrea Schertler, Claudia M. Buch, Natalja von Westernhagen
Bài viết này điều tra xem sự không đồng nhất giữa các công ty và ngân hàng có ý nghĩa gì đối với tác động của tăng trưởng theo ngành trong nước đối với cho vay của ngân hàng. Chúng tôi sử dụng một số tập dữ liệu cấp ngân hàng được cung cấp bởi Ngân hàng Trung ương Đức trong giai đoạn 1996–2002. Kết quả của chúng tôi cho thấy sự không đồng nhất của công ty và ngân hàng ảnh hưởng đến cách mà cho vay...... hiện toàn bộ
#cho vay #tăng trưởng ngành #ngân hàng Đức #dữ liệu ngân hàng #không đồng nhất
US growth and budget consolidation in the 1990s: was there a non-Keynesian effect?International Economics and Economic Policy - Tập 5 - Trang 225-235 - 2008
Anton Burger, Martin Zagler
The 1990s were an extraordinary period for the US economy, both because of declining budget deficits and emerging budget surpluses, as well as high rates of economic growth. This paper challenges the conventional wisdom that high growth rates caused budget improvements, and claims that budget consolidations also contributed to fostering economic growth. We propose the existence of a non-Keynesian ...... hiện toàn bộ
Central bank transparency and sovereign risk ratings: a panel data approachInternational Economics and Economic Policy - Tập 16 - Trang 417-433 - 2017
Gabriel Caldas Montes, Diego Silveira Pacheco de Oliveira
This paper analyzes the effect of central bank transparency on sovereign risk ratings. We address two channels through which central bank transparency affects sovereign risk ratings: the first is the direct channel, and it occurs due to the reduction of uncertainties regarding monetary policy decisions; the second is an indirect channel, and the transmission of the effect occurs through the inflat...... hiện toàn bộ
Intangible investments and international business cyclesInternational Economics and Economic Policy - Tập 14 - Trang 211-219 - 2016
Guido Baldi, André Bodmer
Intangible capital is an increasingly important factor of production in advanced economies. Governments in Europe and elsewhere promote investment in intangible assets. However, the potential role of intangibles for business cycles and the international transmission of shocks is not well understood. In this paper, we investigate the international business cycle effects of intangible capital. To th...... hiện toàn bộ
Innovations in return transmission and performance comparison between the five biggest Euro area stock marketsInternational Economics and Economic Policy - - 2013
José Soares da Fonseca
This article presents an empirical analysis of integration and performance of the five biggest stock markets of the Euro area: France, Germany, Holland, Italy and Spain. This empirical analysis begins with the estimation of an EMU market model with time-varying beta coefficients, which is the basis for the subsequent estimation of the transmission of innovations and volatility between those market...... hiện toàn bộ
Youth unemployment in Europe – business cycle and institutional effectsInternational Economics and Economic Policy - Tập 13 - Trang 5-25 - 2015
Hans Dietrich, Joachim Möller
In the aftermath of the Great Recession 2008/2009 European youth unemployment rose sharply from below 4.2 m in 2007 to more than 5.6 m young people under 25 unemployed in the EU28 countries in 2013. The youth unemployment rate expanded from 15.5 in 2007 to 25.5 in 2013. Beyond the consequences for individuals youth unemployment as a mass phenomenon is potentially menacing the stability of democrat...... hiện toàn bộ