Showing 1 - 10 of 23
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show theoretically and empirically that the single currency alters the drivers of FDI inflows across its Member States. Estimating bilateral gravity models of FDI inflows into euro area...
Persistent link: https://www.econbiz.de/10011999066
This paper investigates the role of economic structures as determinants of FDI inflows. We expand on the existing literature by focusing on advanced economies, using a newly available measure of FDI which cleans the data from statistical artefacts, such as financial round tripping, and by...
Persistent link: https://www.econbiz.de/10011647827
We use firm-level survey data from 25 EU countries to analyse how firms adjust their labour costs (employment, wages …
Persistent link: https://www.econbiz.de/10011997513
This paper studies the recent trends in nominal wage rigidity in a large group of EU countries, using survey data. We …
Persistent link: https://www.econbiz.de/10011864159
Using data from the ECB's Survey of Professional Forecasters, we investigate the reporting practices of survey … inflation rates. Most importantly, for each survey round, the aggregate survey results based on the average of the individual … point predictions are also biased. These findings cast doubt on combined survey measures that average individual point …
Persistent link: https://www.econbiz.de/10003599569
This paper reports the results of a survey of former members of the Governing Council of the European Central Bank … the ambiguity of the "below, but close to, 2%" formulation that was in place at the time of the survey. …
Persistent link: https://www.econbiz.de/10012705527
a novel dataset that merges survey-based data derived from the ECB Survey on access to finance for enterprises (SAFE …
Persistent link: https://www.econbiz.de/10012241105
The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across both countries and firm types. This dispersion was an important manifestation of the financial fragmentation" which hampered the smooth transmission of accommodative monetary...
Persistent link: https://www.econbiz.de/10011697389
We estimate a FAVAR with Bayesian techniques in order to investigate the impact of loan supply conditions on euro area corporate investment and its financing structure. We identify shocks to overall demand and loan supply with sign and impact restrictions. Although tightened financial conditions...
Persistent link: https://www.econbiz.de/10012648857
Persistent link: https://www.econbiz.de/10011288624