Suche nach Schlagworten '19336-0'
53 entries found on 3 pages. starting on record 1 ending on 20
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Title: A learning organisation for a learning society: Proposals for 'designing tomorrow's Commission' |
Author: Lebessis, Notis | Paterson, John |
Publisher: Europaen Commission / Forward Studies Unit |
Year: 1998 |
Language: en |
Ressource: Sonstige Volltexte und Quellen |
Keyword: European Economic and Monetary UnionLearning organization |
Subject: Countries and regions of the worldEuropean Community institutions |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/) |
Title: A monthly monetary model with banking intermediation for the euro area |
Abstract This monthly monetary model for the euro area is gradually constructed from its two constituting components: a money demand and a loan demand model which both include the relation between the respective retail bank rates and the short-term market interest rate. Eventually, the encompassing monetary model allows for interactions between money and loans induced by the intermediation role of the banking sector. Estimating the encompassing model over the period January 1981 - September 2001 results in a money demand equation which corroborates the existing evidence. To stabilise the loan demand equation, however, an extra variable capturing the mergers and acquisitions wave of 1999-2000 is needed. Furthermore, the model rejects the frequently used assumption of complete separability in the pricing of loans and deposits and provides some evidence for the existence of a bank lending channel. Finally, the estimation of the Structural-VECM highlights very rich dynamics in the system. [Annick Bruggeman ; Marie Donnay] |
Author: Bruggeman, Annick | Donnay, Marie |
Series Title: Working paper series / European Central Bank ; 264 |
Publisher: European Central Bank |
Year: 2003 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: EU countriesEuropean Economic and Monetary UnionFinancial intermediationDemand for moneyCointegrationCredit theory |
Subject: Currency. Monetary policy |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: A structural common factor approach to core inflation estimation and forecasting |
Abstract In the paper we propose a new methodological approach to core in- flation estimation, based on a frequency domain principal components estimator, suited to estimate systems of fractionally cointegrated processes. The proposed core inflation measure is the scaled common persistent factor in inflation and excess nominal money growth and bears the interpretation of monetary inflation. The proposed measure is characterised by all the properties that an 'ideal' core inflation process should show, providing also a superior forecasting performance relative to other available measures. [Claudio Morana] |
Author: Morana, Claudio |
Series Title: Working paper series / European Central Bank ; 305 |
Publisher: European Central Bank |
Year: 2004 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: European Economic and Monetary UnionMonetary PolicyInflationCointegrationMarkov processTheory |
Subject: European Communities. European UnionEconomic development. Economic growth |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: Aggregation-theoretic monetary aggregation over the euro area, when countries are heterogeneous |
Abstract We derive fundamental new theory for measuring monetary service flows aggregated over countries within the European Monetary Union (EMU). We develop three increasingly restrictive approaches: (1) the heterogeneous agents approach, (2) the multilateral representative agent approach, and (3) the unilateral representative agent approach. Our heterogeneous agents approach contains our multilateral representative agent approach as a special case. In our most general approach, we assume the existence of a representative consumer within each country to aggregate within each country. We use a stochastic approach to aggregation across countries over the heterogeneous representative agents, and we derive the resulting formulas for stochastic aggregation over countries. Our theory permits monitoring the effects of policy at the aggregate level over the euro area, while also monitoring the distribution effects of policy among the countries of the euro area. Our approach requires the simultaneous use of two inflation indexes over the euro area. [William A. Barnett] |
Author: Barnett, William A. |
Series Title: Working paper series / European Central Bank ; 260 |
Publisher: European Central Bank |
Year: 2003 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: AggregationEU countriesEuropean Economic and Monetary UnionMoney stockMonetary TheoryTheory |
Subject: Currency. Monetary policy |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: An agenda for a growing Europe : making the EU economic system deliver |
Title (other): Report of an independent high-level study group established on the initiative of the President of the European
Commission |
Author (Corp. Body): Europäische Kommission / Group of Policy Advisers | European Commission / Group of Policy Advisers | GOPA |
Year: 2003 |
Language: en |
Ressource: Einzelne Berichte, Studien |
Keyword: European IntegrationEuropean Economic and Monetary UnionEuropean integrationeconomic development (on national level) |
Countries Scheme: Europe. General Resources |
Online Ressource: vorübergehend nicht erreichbar! |
Quelle / Source: Europäische Kommission (http://ec.europa.eu/) | Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document |
Title: Building a political Europe |
Title (other): 50 proposals for tomorrow's Europe |
Author: Strauss-Kahn, Dominique |
Year: 2004 |
Language: en |
Ressource: Sonstige Volltexte und Quellen |
Keyword: European Economic and Monetary UniondemocratizationEuropepolitical development |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/) |
Title: CER - Centre for European Reform |
Abstract The Centre for European Reform is a think-tank devoted to improving the quality of the debate on the European Union. It is a forum for people with ideas from Britain and across the continent to discuss the many political, economic and social challenges facing Europe. It seeks to work with similar bodies in other European countries, in North America and elsewhere in the world. [according to site editor's information] |
Author (Corp. Body): Centre for European Reform |
Year: unknown |
Language: en |
Ressource: Nichtregierungsorganisationen (NGO) |
Keyword: EU policyEuropean IntegrationEuropean Economic and Monetary UnionLobbyingEconomic policy advice |
Countries Scheme: Europe. General Resources
|
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document |
Title: Developing statistical indicators of the integration of the euro area banking system |
Abstract This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more sophisticated statistics which can also be used in other contexts and datasets. We then apply this framework to unconsolidated balance sheet data of banks, aggregated at the national level. The paper offers three main empirical conclusions. First, within the euro area the gap between the cross-border banking activity in wholesale and retail markets is widening. Second, at the same time, with the exception of the home bias, even in retail markets there is increasing neutrality towards the location of the counterparty. Third, following a moderate decline in the wake of EMU, London is once again gaining market shares. [Michele Manna] |
Author: Manna,Michele |
Series Title: Working paper series / European Central Bank ; 300 |
Publisher: European Central Bank |
Year: 2004 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: BankSingle European marketEU countriesEuropean Economic and Monetary UnionFinancial market |
Subject: Foreign trade. Trade relationsPublic finance. Banking. International monetary relationsCurrency. Monetary policy |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: Developping new modes of governance |
Author: Lebessis, Notis | Paterson, John |
Publisher: European Commission / Forward Studies Unit |
Year: 2000 |
Language: en |
Ressource: Sonstige Volltexte und Quellen |
Keyword: European Economic and Monetary Uniongovernance |
Subject: Law. Public Administration. Politics |
Countries Scheme: Europe. General Resources |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/) |
Title: Diversification in euro area stock markets |
Title (other): country versus industry |
Abstract The harmonisation of fiscal and economic policy within the European Monetary Union (EMU) has had a considerable impact on the economies of member countries in the past decade. In particular, several studies indicate that the proceeding economic integration among euro area countries has important consequences for the factors driving asset returns in financial markets. This study concentrates on the implications of the changing structure of security returns for asset management. Using recent euro area stock markets data, we find clear evidence that diversification over industries yields more efficient portfolios than diversification over countries. We show that this result is robust with respect to the information technology-hype and different volatility regimes. This contrasts with e.g. Rouwenhorst (1999), who finds, based on a different methodology and a different sample period, that country diversification strategies are superior. We regard this paper as a robustness check challenging the existing strand of literature and show that Rouwenhorst's (1999) conclusions seem to be outdated. [Lawrence Christiano, Roberto Motto and Massimo Rostagno] |
Author: Moerman, Gerard |
Series Title: Working paper series / European Central Bank ; 327 |
Publisher: European Central Bank |
Year: 2004 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: Stock MarketEU countriesEuropean Economic and Monetary UnionIndustrial structurePortfolio management |
Subject: Currency. Monetary policyFinancing. Private finance. Financial policy |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: Downward nominal wage rigidity and the long-run Philips Curve |
Title (other): simulation-based evidence for the euro area |
Abstract This paper summarises the results of a quantitative study of the possible impact of downward nominal wage rigidity on the determination of inflation and output in the euro area and the existence of a non-vertical long-run Phillips curve. The study was undertaken in the context of the review of the ECB's monetary policy strategy in Spring 2003 and complements an investigation of the consequences of the zerointerest- rate bound for monetary policy-making in the euro area, the results of which are summarised in Coenen (2003). [Günter Coenen] |
Author: Coenen, Günter |
Series Title: Working paper series / European Central Bank ; 270 |
Publisher: European Central Bank |
Year: 2003 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: EU countriesEuropean Economic and Monetary UnionAggregate ProductionInflation expectationsWage rigidityPhillips curveTheory |
Subject: Currency. Monetary policy |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: European competitiveness and business |
Abstract In The Economics of Order and Disorder (1992), Jacques Lesourne reflects on the influence of what he calls "exceptional personalities". According to his description, such personalities are characterised by a devotion to their own specific objectives, an outstanding ability to judge the resources and beliefs of the other players, a talent for gaining the cooperation of the people working for them, an imagination enabling them to discern innovative behaviour, and a creative capacity allowing them to devise complex decision-making rules. This paper explores a field in which these capacities are crucial, namely the challenges that European competitiveness poses to companies. [author's abstract] |
Author: Jacquemin, Alexis |
Publisher: European Commission / Forward Studies Unit |
Year: 2000 |
Language: en |
Ressource: Einzelne Berichte, Studien |
Keyword: European Economic and Monetary UnionCompetitionnew technologycompetitive capacity |
Subject: Economic development. Economic growth |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/) |
Title: Evolution in governance: What lessons for the Commission? |
Title (other): A first assessment |
Author: Lebessis, Notis | Paterson, John |
Publisher: European Commission / Forward Studies Unit |
Year: 1997 |
Language: en |
Ressource: Einzelne Berichte, Studien |
Keyword: European Economic and Monetary Uniongovernance |
Subject: Law. Public Administration. Politics |
Countries Scheme: Europe. General Resources |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/) |
Title: Fiscal policy events and interest rate swap spreads |
Title (other): evidence from the EU |
Abstract In this paper we assess the importance given in capital markets to the credibility of the European fiscal framework. We evaluate to which extent relevant fiscal policy events taking place in the course of 2002 produced a reaction in the long-term bond segment of the capital markets. Firstly, we identify the fiscal policy events and qualitatively assess the views of capital market participants. Secondly, we estimate the impact of these fiscal events on the interest rate swap spreads, which is our measure for the risk premium. According to our results the reaction of swap spreads, where it turned out to be significant, has been mostly around five basis points or less. [António Afonso and Rolf Strauch] |
Author: Afonso, António | Strauch, Rolf |
Series Title: Working paper series / European Central Bank ; 303 |
Publisher: European Central Bank |
Year: 2004 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: EU countriesEuropean stability pactEuropean Economic and Monetary UnionFinancial marketFiscal PolicyCredibilityInterest rate swap |
Subject: Currency. Monetary policyInvestment returns. Financial market. Interest rates |
Countries Scheme: Europe. General Resources |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: Forecasting euro area inflation |
Title (other): does aggregating forecasts by HICP component improve forecast accuracy? |
Abstract Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the ECB's monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area inflation can be improved by aggregating forecasts of subindices of the Harmonized Index of Consumer Prices (HICP) as opposed to forecasting the aggregate HICP directly. The analysis includes univariate and multivariate linear time series models and distinguishes between different forecast horizons, HICP components and inflation measures. Various model selection procedures are employed to select models for the aggregate and the disaggregate components. The results indicate that aggregating forecasts by component does not necessarily help forecast year-on-year inflation twelve months ahead. [Kirstin Hubrich] |
Author: Hubrich, Kirstin |
Series Title: Working paper series / European Central Bank ; 247 |
Publisher: European Central Bank |
Year: 2003 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: EU countriesEuropean Economic and Monetary UnionInflationConsumer price indexPrice stabilityForecastTime series analysis |
Subject: Economic and growth policiesCurrency. Monetary policy |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: Globalization and social governance in Europe and the United States |
Author (Corp. Body): European Commission / Forward Studies Unit |
Year: 1999 |
Language: en |
Ressource: Einzelne Berichte, Studien |
Keyword: European Economic and Monetary UnionGlobalizationUnited States |
Countries Scheme: Europe. General ResourcesUSA |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/) |