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- German inflation hits 13-year high
- BERLIN AFP — Inflation hit a 13-year high of 3.1 percent in November in Germany, well above the European Central Bank's target rate of 2.0 percent, official data showed Friday. Consumer prices rose by more than an initially estimated 3.0 percent to reach their highest level since January 1994,...
- Research articles 2007-12-14
- Bundesbank chief warns against steep wage increases
- FRANKFURT AFP — Bundesbank President Axel Weber has warned that excessive wage demands could lead to further interest rates increases by the European Central Bank. "If the upcoming wage rounds are too high and jeopardise price stability, further rate hikes might be needed," Weber, who as head of the...
- Research articles 2007-01-29
- Does Central Bank transparency impact financial markets? A cross-country econometric analysis
- 1. Introduction Does the degree of information that a central bank releases to the public have any effect on the functioning and efficiency of financial markets? Is there a significant difference between the Federal Reserve announcing policy decisions at the time of Federal Open Market Committee FOMC meetings and...
- Research articles 2007-01-01
- German inflation slows fractionally in July
- WIESBADEN, Germany AFP — Inflation in Germany, the eurozone's biggest economy, stood at 1.9 percent in July, fractionally slower than the 2.0 percent recorded in June, final data showed. The German consumer price index CPI rose by 0.4 percent in July from the figure for June and was 1.9...
- Research articles 2006-08-11
- German inflation set to remain stable this month, regional data show
- FRANKFURT AFP — Inflation in Germany, the eurozone's biggest economy, looks set to remain stable this month, according to consumer price data for key regional states. In North Rhine-Westphalia, the most populous state in Germany, the consumer price index CPI rose by 1.7 percent year-on-year in June, the same...
- Research articles 2006-06-23
- German deficit seen back within EU limits by 2007: OECD
- PARIS AFP — Germany, the eurozone's biggest economy, will be able to bring its public deficit back within EU limits by 2007, the OECD predicted. It forecast that the German deficit, which amounted to 3.3 percent of gross domestic product GDP last year, should narrow further to 3.1 percent...
- Research articles 2006-05-23
- ECB set to get tough on rates as recovery picks up
- FRANKFURT AFP — The recent raft of favourable economic data in the 12-country eurozone could lead the European Central Bank to be more aggressive with tightening monetary conditions in its fight against inflation in the single currency area, economists here said. This week has seen a flurry of positive...
- Research articles 2006-04-27
- III. Recent house price developments: the role of fundamentals
- Introduction and summary Real house prices increased unusually rapidly in recent years In the vast majority of OECD economies, house prices in real terms the ratio of actual house prices to the consumer price index have been moving up strongly since the mid-1990s (Figure III.1). (1) Because of...
- Research articles 2005-12-01
- economists' "Manifesto" on unemployment in the EU seven years later: which suggestions still hold?, The
- 1. Supply side measures When we wrote the "Manifesto",1 in 1998, the EU unemployment rate was about 10%, the employment rate (15-64 years) 61%. Since then labour market performance has gradually improved, even during the years of stagnation 2002-03. The total employment growth rate was 0.5% on average, and the...
- Research articles 2005-06-01
- ECB keeps rates on hold as economy falters
- FRANKFURT AFP — The European Central Bank held its key rates steady as expected at its regular monthly policy-setting meeting as recent disappointing economic data offset the bank's concerns about potential inflationary threats arising from the renewed surge in oil prices. The ECB said Thursday it held the minimum...
- Research articles 2005-04-07
- Who's winning? The shape of global competition: we are delighted to bring this exclusive and special paper by the Australian Industry Group on Australia's export competitiveness with the rest of the world
- Australia's record current account deficit has raised attention about the nation's flagging export performance. Export volumes in the 1990s grew strongly (by 7.5 percent per annum), under the influence of a super-competitive low Australian dollar and a thirst by companies for export dollars. This along with supportive microeconomic reforms...
- Research articles 2005-03-01
- I. General assessment of the macroeconomic situation
- Overview: A more self-sustained but still vulnerable expansion The expansion gains traction, but the euro area is lagging ... Globally, economic growth prospects have continued to improve and the recovery is broadening across regions and sectors. The US and UK expansions are retaining considerable momentum while in Japan...
- Research articles 2004-06-01
- OPINION: European Union Stability Pact's Demise May Haunt Future Negotiations.
- Bangkok Post, Thailand Knight Ridder/Tribune Business News May 11--Murdered when France and Germany refused to abide by its rules, the Stability Pact's ghost is haunting Europe, particularly the post-communist countries that joined the European Union on May 1. By breaking the Pact's...
- Research articles 2004-05-11
- reputation of a newborn central bank *, The
- 1. Introduction The debate on monetary policy has by and large focused on comparing different views on its effectiveness, especially in terms of the benefits of price stability as compared to the likely costs in terms of unemployment. The 'rational expectations' revolution led to a radical change in this perspective:...
- Research articles 2003-03-01
- Europe: the calm before the confusion. (Trade Trends).
- Europe's economy managed to grow just one-third as much as that of the United States last year, and the European Central Bank sees just 1%-2% GDP growth in 2003 -- a full percentage lower than previous estimates. Can the coming Year of Change brighten the picture? ...
- Research articles 2003-02-01
- U.S. Rate Cut Won't Inflate World's Growth Prospects.
- By Allister Heath, Sunday Business, London Knight Ridder/Tribune Business News Nov. 10--If the US Federal Reserve thought it would boost confidence in the global economy by unveiling a surprisingly hefty half-point cut in US interest rates last week, nobody had told the...
- Research articles 2002-11-10
- Economic illusions.(Netherlands)(Industry Overview)
- Still prey to the business cycle The country's record on growth and employment is good, but not quite as good as it looks THE figures certainly look excellent. In the two decades since 1982, Dutch GDP has grown by an annual average...
- Research articles 2002-05-04
- The euro: market failure or central bank failure?
- Why has the value of the euro fallen? This economist believes that the European Central Bank's efforts to support the euro slowed economic growth to the point that it caused the value of the euro to fall. He traces the ECB's policy errors in recent years as a failure to...
- Research articles 2002-05-01
- German monetary history in the first half of the twentieth century.(Statistical Data Included)
- At the end of 1998, the German Bundesbank turned over the administration of monetary policy to the European Central Bank ECB. In the years between World War I and 1998, the Bundesbank had come to embody the modern central bank. What history did Germany traverse to ...
- Research articles 2002-01-01
- A Study Of Interest Rates In The Longer Run: Now You Know The Rest Of The Story
- Paul Schnitzel [**] Abstract Do nominal rates of interest change with inflation expectations, changes in expected real rates of interest or both? By 1996, nominal interest rates, inflation, and money supply growth in the United States and six industrial countries had significantly retreated from peak levels in the...
- Research articles 2000-09-22
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