Concept

Euro banknotes

Related publications (6)

Asset purchases, limited asset markets participation and inequality

This paper analyses the effects of quantitative easing (QE) on households' income and consumption inequality in the Euro Area. Using a SVAR with high frequency identification, I show that an identified QE shock is redistributive and expansionary. To ration ...

ELSEVIER2023

Cuts to government spending rather than increases in consumption taxes are statistically associated with internal devaluations in the euro area during the period 2010-2014. Countries that cut spending experienced a decline in nominal wages, rising net expo ...

2019

Does Austerity Go Along with Internal Devaluations?

Luisa Lambertini

2019

This work experimentally examines the phenomenon of leading-edge vortex (LEV) burst in a low aspect ratio rotating plate. Through stereoscopic particle image velocimetry (SPIV) about chrodwise planes, the evolutionary track of the vortex is detailed from i ...

2015

On the Benefits of a Monetary Union: Does it Pay to Be Bigger?

Chiara Forlati

This paper revisits the question of the appropriate domain of a currency area using a New-Keynesian open economy model in which the world is split in two areas, each framed as a continuum of small open regions. We show that the adoption of a common currenc ...

Center for Fiscal Policy Working Paper Series2013

Does Austerity Go Along with Internal Devaluations

Luisa Lambertini, Christian Pröbsting

We empirically show that the austerity packages implemented in some euro area countries during 2010–2014 were only partially successful in generating internal devaluations. Countries that cut spending indeed experienced a decline in nominal wages, a real e ...

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