... 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...
... 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...
... 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...
... 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...
... 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,...
... 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...
... 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...
... (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...
... 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...
... 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...