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Department of Economics (ECO): Recent submissions

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Title:UK in or UK out? : a common cycle analysis between the UK and the Euro zone Author(s):GARNIER, JulienDate:2004Type:Working PaperSeries/Number:CEPII Working Paper; 2004/17Abstract:We use a structural model estimated by the Kalman filter in order to extract the common cycle for different groups of OECD countries. We try to evaluate to what extent the Euro zone common cycle is affected by the inclusion ...
Title:The natural rate of interest and the output gap in the Euro Area : a joint estimation Author(s):GARNIER, Julien; WILHELMSEN, Bjørn-RogerDate:2009Citation:Empirical economics, 2009, Vol. 36, No. 2, pp. 297-319Type:ArticleAbstract:The notion of a natural real rate of interest, due to Wicksell (Interest and prices. Macmillan, London Translation of 1898 edition, 1936), is widely used in current central bank research. The idea is that there exists a ...
Title:How much is the Euro Area common cycle affected by the UK? Author(s):GARNIER, JulienDate:2009Citation:National institute economic review, 2009, Vol. 208, No. 1, pp. 109-117Type:ArticleAbstract:To what extent is the Euro Area common business cycle affected by the inclusion of the UK into this group? To answer this question, a semi-structural model estimated by the Kalman filter, which is robust to outliers and ...
Title:Monetary policy rules in the pre-emu era : is there a common rule? Author(s):ELEFTHERIOU, Maria; GERDESMEIER, Dieter; ROFFIA, BarbaraDate:2006Version:Published part of EUI PhD thesis, 2006Type:Working PaperSeries/Number:ECB Working Paper; 2016/659Abstract:Despite the great importance and final success of the convergence process that led to the establishment of the European Monetary Union, there is no clear agreement regarding the monetary policy pursued in the member countries ...
Title:Contagious corruption : cross-country comparisons Author(s):SCHRAM, Arthur; ZHENG, Jin Di; ZHURAVLEVA, TatyanaDate:2019Type:Working PaperSeries/Number:EUI MWP; 2019/06Abstract:We investigate how prescriptive and descriptive norms affect the development of corruption over time. In particular, we are interested in whether the extent of corruption converges. If it does, we study how the level at ...