ECONOMIC OUTLOOK FOR THE EURO AREA IN 2010 doc
ECONOMIC OUTLOOK FOR THE EURO AREA IN 2010 doc
... 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 ...
Coordinator of the Report: Massimiliano Marcellino
Report closed on January 11, 2010
3
EFN REPORT
ECONOMIC OUTLOOK FOR THE EURO AREA IN...
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 ... interval.
*Interim forecast of the European Commission in September 2010 for GDP growth in 2010: 1.7%
**IMF World economic outlook update in July for GDP growt...
Working PaPer SerieS no 1150 / January 2010: Do bank loanS anD creDit StanDarDS have an effect on outPut? a Panel aPProach for the euro area doc
... 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,...
The imPact of high and groWing government debt on economic groWth an emPirical inveStigation for the euro area docx
... 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, ... preferred for private and public investment). In addition to the lagged
private saving ratio and the debt variable, the other control variables are the main
determinants of...
Tài liệu Central bank rates, market rates and retail bank rates in the euro area in the context of the recent crisis docx
... 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...
Economic Assessment of the Euro Area: Forecasts and Policy Analysis ppt
... 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...
The Relationship Between Bank and Interbank Interest Rates during the Financial Crisis: Empirical Results for the Euro Area pptx
... 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 ... reduction in the bargaining power of banks in setting retail rates
for loans to larger firms.
These findings are in line with the recent literature focusing on...
WORKING PAPER SERIES NO 804 / AUGUST 2007 GROWTH ACCOUNTING FOR THE EURO AREA A STRUCTURAL APPROACH pptx
... (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...
Working PaPer SerieS no 1160 / FeBrUarY 2010: evidence For SUrveY maTTerS The eUro area Bank lending emPirical crediT and oUTPUT groWTh pptx
... significantly help in
predicting the annual growth rate in real GDP in the euro area in isolation as well as together with one of
the other indicators considered. The significant result for the stock ... the BLS for bank loan
growth compared to the other financial indicators considered. The main conclusion is that the BLS
maintains its information content...
Tài liệu IMPACT OF BANK COMPETITION ON THE INTEREST RATE PASS-THROUGH IN THE EURO AREA pptx
... 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...
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