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...
Ngày tải lên: 31/03/2014, 08:20
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...
Ngày tải lên: 31/03/2014, 07:20
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,...
Ngày tải lên: 15/03/2014, 10:20
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...
Ngày tải lên: 23/03/2014, 20:20
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...
Ngày tải lên: 15/02/2014, 05:20
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...
Ngày tải lên: 17/03/2014, 06:20
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...
Ngày tải lên: 22/03/2014, 23:20
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...
Ngày tải lên: 29/03/2014, 20:20
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...
Ngày tải lên: 15/03/2014, 10:20
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...
Ngày tải lên: 15/02/2014, 05:20