Tag: European Monetary Union

On the Risk of a Sovereign Debt Crisis in Italy

(together with Tobias Knedlik and Axel Lindner), Intereconomics 53(6), 2018, 316-319. Abstract: The intention for the Italian government to stimulate business activity via large increases in government spending is not in line with the stabilisation of the public debt ratio.

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Inflation Dynamics During the Financial Crisis in Europe: Cross-sectional Identification of Long-run Inflation Expectations

IWH Discussion Paper 10/2017 (togehter with Geraldine Dany-Knedlik) Abstract: We investigate drivers of Euro area inflation dynamics using a panel of regional Phillips curves and identify long-run inflation expectations by exploiting the crosssectional dimension of the data. Our approach simultaneously

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Many observers have appreciated the Irish response to the crisis

Guest article Irish Examiner, January 2, 2013 The debt crisis in some member states of the European Monetary Union shows once more how closely related bank crises and sovereign debt crises are. However, the details of the crises in the

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