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 2009 2010: 1st half 2010 : annual2011: annual Point Forecast Interval ForecastPoint ForecastInterval ForecastPoint ForecastInterval ... Coordinator of the Report: Massimiliano Marcellino Report closed on January 11, 2010 3 EFN REPORT ECONOMIC OUTLOOK FOR THE EURO AREA IN 2010 and 2011 Highlights • In 2010, the ... forecasts for the main macroeconomic aggregates with other forecasts, notably those of the European Commission, the IMF, the ECB, the OECD, and Consensus Economics Inc. The EFN forecast is...
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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 ForecastInterval 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 growth in 2010: 1.0%; for 2011: 1.3%. ... 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 more recent GDP forecasts are...
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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 partof the sample were not exposed to the single monetary policy to the same degree as the original euro area ... ful…lledboth in the US and in the euro area. Therefore, the di¤erence between our results for the euro area and the US-basedstudies (e.g. Driscoll, 2004; Ashcraft, 2006) propably stems p rimarily from the ... euro area where bank …nancing is the predominant means of …nancing for non-…nancialcorporations. For example, by the end of 2007 bank loans to the private sector7 In the euro area banking sector...
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The imPact of high and groWing government debt on economic groWth an emPirical inveStigation for the euro area docx
... a simple theoreticamodel integrating the government budget constraint and debt financing, they find that anincrease 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 saving usually employed in ... below the 90-100% turning point. This is a relevant issue even in view of the additional evidence in this analysis, showing that the debt turning points for the first two channels (private saving...
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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 incorporated into the trend in the interest rate ... Average) : the reference rate for unsecured overnight interbank lending in the euro area. Under normal circumstances, this is the rate that the ECB seeks to in uence. In the years preceding the crisis,...
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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 investment in the World economy. The increase ... a gradual decline in the rate of inflation. We will begin this section by providing an overview of our forecasts for the Euro Area before looking at the three largest Euro Area countries...
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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 the current global financial crisis ... 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 current financial crisis. Analysing the...
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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 apositive turning point, but the gradual declining trend continued during the last decade, and possiblyaccelerated during the last five years. ... amounts to zeroing out the elements of Σζreferring to ct, and introducing aslope change variable in Xt. For more details about the trend in capacity see PMW. The matrix Xtcontains interventions ... any other disturbance in the output equations,so that the only link between the nominal variables and the output equations is due to the presenceof the output gap as a determinant of in ation,...
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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 also when other forward looking variables ... content for output. Table 10 presents the estimation results of examining these indicators on their own as well as together with the net tightening in the margins on average and riskier loans. The...
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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 ȕt 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 input price elasticities ... that there is strong variation in interest rate fixation periods across both products and countries. For instance, in many of the considered euro area countries the predominant fixation period for...
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Từ khóa: output a panel approach for the euro areaan empirical investigation for the euro areaan empirical analysis for the kansai area in japanweo downside scenario for increased bank and sovereign stress in the euro areashadow banking in the euro area a snapshotarea the numbers for the qh aquifer are 43 samples 59 7 and 29 samples 40 3 and for the qp aquifer in dry season13 samples 54 2 and in the rainy season 9 samples 39 1in 2010 for the first time in history urban population exceeded rural populationselecting the optimal strategy for global logistics company in 2010 2014rise in credit default swaps in the euro areaskills for the 21st century in educationskills for the 21st century in latin america and the caribbeanmotivations for the new imperialism in the late 19th centuryaccount for the recent development in the financial sector of nigerian economyaccount for the recent development in the financial sector of nigeria economyis the fast food industry responsible for the obesity problem in americaBáo cáo quy trình mua hàng CT CP Công Nghệ NPVchuyên đề điện xoay chiều theo dạngNghiên cứu sự hình thành lớp bảo vệ và khả năng chống ăn mòn của thép bền thời tiết trong điều kiện khí hậu nhiệt đới việt namMột số giải pháp nâng cao chất lượng streaming thích ứng video trên nền giao thức HTTPBiện pháp quản lý hoạt động dạy hát xoan trong trường trung học cơ sở huyện lâm thao, phú thọGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitPhát triển du lịch bền vững trên cơ sở bảo vệ môi trường tự nhiên vịnh hạ longPhát hiện xâm nhập dựa trên thuật toán k meansNghiên cứu, xây dựng phần mềm smartscan và ứng dụng trong bảo vệ mạng máy tính chuyên dùngNghiên cứu về mô hình thống kê học sâu và ứng dụng trong nhận dạng chữ viết tay hạn chếNghiên cứu tổng hợp các oxit hỗn hợp kích thƣớc nanomet ce 0 75 zr0 25o2 , ce 0 5 zr0 5o2 và khảo sát hoạt tính quang xúc tác của chúngThiết kế và chế tạo mô hình biến tần (inverter) cho máy điều hòa không khíChuong 2 nhận dạng rui roKiểm sát việc giải quyết tố giác, tin báo về tội phạm và kiến nghị khởi tố theo pháp luật tố tụng hình sự Việt Nam từ thực tiễn tỉnh Bình Định (Luận văn thạc sĩ)Giáo án Sinh học 11 bài 15: Tiêu hóa ở động vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtChiến lược marketing tại ngân hàng Agribank chi nhánh Sài Gòn từ 2013-2015HIỆU QUẢ CỦA MÔ HÌNH XỬ LÝ BÙN HOẠT TÍNH BẰNG KIỀM