Ansgar Belke

TL;DR: In this paper, the authors examined the long-run relationship between energy consumption and real GDP, including energy prices, for 25 OECD countries from 1981 to 2007, and found that energy consumption is price-inelastic.

TL;DR: In this article, the authors empirically investigated the differences in the motives of raising privatisation proceeds for a panel of EU countries from 1990 to 2000, and found that privatisations can be mainly interpreted as ingredients of a larger reform package of economic liberalisation in formerly overregulated economies, as a reaction to an increasing macroeconomic problem pressure and as a means to foster growth and increase tax income and relax the fiscal stance with an eye on the demands by integration of economic and financial markets.

TL;DR: In this article, the Taylor rule is used to describe the monetary policies of the European Central Bank (ECB) and US Fed, which are characterized by "Taylor rules" that seem to be setting rates by taking into account the output gap and inflation.

TL;DR: In this article, the authors analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro area imbalances, and reveal that private restructuring is rather than public transfers the best way to preserve long-term economic stability in Europe.

TL;DR: In this paper, the authors explored the determinants of the imbalances by using paneleconometric techniques and showed that a lack in competitiveness is the main explanation for the external deficits of the countries that are at the heart of the euro area debt crisis.