scholarly journals Sacrifice Ratios for Euro Area Countries New Evidence on the Costs of Price Stability

2014 ◽  
Author(s):  
Ansgar Hubertus Belke ◽  
Tobias BBing
Keyword(s):  
Euro Area ◽  
Price Stability ◽  
Sacrifice Ratios ◽  
New Evidence

scholarly journals Expectations or macroeconomic innovations: What drives the stakeholders’ decisions? Evidence from the euro area

2015 ◽  
Vol 12 (3) ◽  
pp. 185-189
Author(s):  
S. Ali Shah Syed ◽  
Hélène Syed Zwick
Keyword(s):  
Interest Rate ◽  
Stock Returns ◽  
Euro Area ◽  
Stock Markets ◽  
Empirical Relationship ◽  
Equity Market ◽  
Monthly Data ◽  
Macroeconomic Variables ◽  
Long Run ◽  
New Evidence

This study brings new evidence supporting the existence of the linkage between equity market and macroeconomic variables in the Euro area. Using the monthly data from January 1999 to September 2014 we show empirical relationship between stock returns and interest rate in the 19 countries using the euro. The results confirm that in Euro Area stock markets, the stockowners decisions are significantly influenced by the macroeconomic expectations, particularly the long run interest rate

scholarly journals Fiscal Activism in the Euro Area and in Other Advanced Economies: New Evidence

2019 ◽  
Author(s):  
Maria Grazia Attinasi ◽  
Alessandra Anna Palazzo ◽  
Beatrice Pierluigi
Keyword(s):  
Euro Area ◽  
Advanced Economies ◽  
New Evidence

The Fairy Tale of Low Inflation in the Euro Area

2018 ◽  
Vol 15 (1) ◽  
Author(s):  
Martin Hochstein
Keyword(s):  
Financial Markets ◽  
Euro Area ◽  
European Central Bank ◽  
Fairy Tale ◽  
Primary Objective ◽  
Price Stability ◽  
Medium Term ◽  
European Central ◽  
Consumer Prices ◽  
Downward Bias

Abstract There are strong indications that actual consumer inflation in the euro area is understated by official price measures. The exclusion of homeowner shelter costs and inadequate quality adjustments for certain basket items are among the reasons for a potential downward bias in Eurostat's Harmonised Index of Consumer Prices, which would have widespread ramifications not only for consumers but also for the broader economy and financial markets. By focusing on the HICP as a yardstick for its primary objective of medium-term price stability, the European Central Bank relies on a too narrowly defined and error-prone inflation concept.

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