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1 - 10 van 19 voor euro government bonds
appendix derivations dsge model pdf
... firms take household savings and allocate them across competing assets. the assets are government bonds, shares in the foreign investment firm, shares in production firms and direct investment ... government budget constraint covering both fiscal and monetary authorites. whilst the netherlands does not have it's own monetary policy, it still enjoys transfers of seignorage revenues from the euro ...
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Microsoft Word - cpbdoc127.doc
... be enhanced by lower global interest rates due to strong chinese demand for foreign government bonds prompted by its huge current account surplus. steeply increasing chinese exports did not have ... foreign trade with china, 1960-2005 imports from china exports to china netherlands euro area % total netherlands euro area % total source oecd, monthly statistics of international trade (may 2006). 26 ...
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dutch fiscal framework history current practice and role cpb pdf
... perpetual personal government bonds but anonymous bonds for a fixed period. this financial innovation increased the attractiveness of government bonds as a financial asset and made it much easier for the government to raise ... second world war, the netherlands was forced to pay 4 billion euro for german expenses. as a consequence, government debt increased from about 100% gdp gdp priority of fiscal ...
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memo227.pdf
... government bonds b 2 consumption c 2 price factor after consumption tax 1+c 4 increase in foreign bonds fb 2 production firm dividend div 2 actuarial insurance firm dividend divai t 2 foreign dividend divf 2 foreign bonds fb 2 financial wealth fw 2 government ... 2003, an estimated dynamic stochastic general equilibrium model of the euro area, journal of the european economic association, vol. 1, ...
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memo221.pdf
... export price competitors crude oil price (brent, level in per barrel) exchange rate (dollar per euro) long-term interest rate (level in %) demand and foreign trade (volume) gross domestic product (gdp ... problems. a number of countries by now has to pay a substantial premium on their government bonds. in each of these four areas political integration is not yet synchronous with financial sector ...
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Microsoft Word - leuvensteijn.doc
... interest rate on consumer lending is relatively sticky compared with lending to firms for the euro area. caution must be used in this respect, however, as the coefficient has a ... cost liabilities (life insurers) other characteristics that vary through time real interests on ten-year government bonds dummy dummy dummy dummy dummy number of observations we start with the characteristics of the ...
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Microsoft Word - voorblad.docx
... options traded at nyse liffe amsterdam increased from around 2400 bn euro euro in 2007 and decreased to around 1800 bn euro in 2010. figures for otc trade of derivatives and of foreign ... corporate bond yields, which measure the difference between the interest rates paid by firms and government bonds, on economic growth. introducing a financial transactions tax will raise this spread. the results stem ...
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omslag_MEV2013_uk_outlook.indd
... real-estate bubbles in ireland and spain and overspending by the greek government have endangered the stability of the euro. interest rates in a number of countries are as high as they ... national governments and their banking systems, as banks used this liquidity partly to buy national government bonds.1 currently, agreement has been reached on an approach whereby support to these countries flows ...
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Tilburg finance tool huisstijl pdf
... amongst other models, to evaluate the pension agreement between the government, employers and employees (kamerstukken ii nr. netherlands. pension funds may ... 1999 on, the harmonized index of consumer prices for the euro area from the european central bank data website (http sdw. ... of one to 15 years (from the bundesbank website) based on government bonds were used as well (15-year rates start in june ...
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dp212.indd
... low real interest rates on government bonds that erode the real value of government debt. the main contribution of this paper is that we create two indicators to assess government debt sustainability. these ... a., checherita-westphalz, c. and rotherix, p. (2012). debt and growth new evidence for the euro area . ecb mimeo. bi, h. (2011). sovereign default risk premia, fiscal limits and fiscal ...
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