ECONOMIC OUTLOOK FOR THE EURO AREA IN 2011 docx

... 1 Economic outlook for the Euro area 2007 2008 2009 2010: 2nd half 2010: annual 2011: annual Point Forecast Interval Forecast Point Forecast Interval Forecast Point Forecast Interval ... forecasts for the main macroeconomic aggregates with other the forecasts of the European Commission, the IMF, the ECB, the OECD, and Consensus Economics Inc. The mo...

Ngày tải lên: 31/03/2014, 07:20

... 1 Economic outlook for the Euro area 2007 2008 200 9 2010: 1st half 2010 : annual 2011: annual Point Forecast Interval Forecast Point Fore cast Interval Forecast Point Forecast Inter val ... forecasts for the main macroeconomic aggregates with other forecasts, notably those of the European Commission, the IMF, the ECB, the OECD, and Consensus E...

Ngày tải lên: 31/03/2014, 08:20

... a simple theoretica model integrating the government budget constraint and debt financing, they find that an increase in productive government expenditure, financed out of a rise in the tax rate, ... Netherlands, Portugal, and Spain. Data originates primarily from the European Commission AMECO database, covering the period 1970 -2011 and thus including also the EC Autumn Fore...

Ngày tải lên: 23/03/2014, 20:20

... during the crisis period for savings deposit rates and the instability of the model estimated using the OIS, as was the case for the euro area. However, the conclu- sion is much less clear in the ... nega- tive, as in the euro area. This seems to indicate that the recent increases in the OLO yield due to the sovereign debt crisis have not been incor...

Ngày tải lên: 15/02/2014, 05:20

... entered the euro area towards the en d of th e sample and therefore in the earlier part of the sample were not exposed to the single monetary policy to the same degree as the original euro area ... ful…lled both in the US and in the euro area. Therefore, the di¤erence between our results for the euro area and the US-based studies (e.g. Driscoll,...

Ngày tải lên: 15/03/2014, 10:20

... This is the same as the forecast contained in our autumn 2005 report. The overall forecast for the Euro Area is strongly influenced by the forecast for Germany. The improvement in the Euro Area ... the inflation rate. In the medium term they have no role in determining the real interest rate, which is the outcome of the balance between saving and i...

Ngày tải lên: 17/03/2014, 06:20

... below. Starting from the definition, the Euro overnight index average (EONIA) is a measure of the effective interest rate prevailing in the Euro interbank overnight market, while the Euro interbank ... evidence is in line with the findings of Blot and Labondance (2011) , based on a split- sample analysis of pass-through in the Euro area before and during the...

Ngày tải lên: 22/03/2014, 23:20

... (ICT). Not only did the euro area not experience such a positive turning point, but the gradual declining trend continued during the last decade, and possibly accelerated during the last five years. ... amounts to zeroing out the elements of Σ ζ referring to c t , and introducing a slope change variable in X t . For more details about the trend in capacity see PMW. The...

Ngày tải lên: 29/03/2014, 20:20

... for various countries or industries at a specific moment in time). Therefore, Boone focuses mainly on the change in ȕ t over time within a given industry, rather than comparing ȕ between industries. ... shares is equal to unity. In other words, the value of the three inputs is equal to total costs. Linear homogeneity in the input prices requires that the three linear...

Ngày tải lên: 15/02/2014, 05:20

... cannot price our products at international levels. So, the polo we sell in India for US$60 sells in Europe for euro8 3, in the United States for US$100, and in China for US$120. To tackle this ... But in terms of the home appliance market, China has huge potential. In the past decade, there has been increasing demand for home electronics in line with...

Ngày tải lên: 18/02/2014, 21:20