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What does European institutional integration tell us about trade integration?

Leiner-Killinger, Melanie; Madaschi, Christophe; … - European Central Bank - 2005

create disincentives to work, such as high tax wedges and high unemployment benefits, or enforced reductions in working hours …

Persistent link: https://www.econbiz.de/10005222260

An analysis of youth unemployment in the euro area

Gomez-Salvador, Ramon; Leiner-Killinger, Nadine - European Central Bank - 2008

The paper starts by presenting some stylised facts on youth unemployment over the last two decades, both at the euro … area and the country level. It shows that despite declining considerably over the last few years, youth unemployment has … relationship between the share of young people in the total population and the youth unemployment rate, i.e. the smaller the share …

Persistent link: https://www.econbiz.de/10005222255

Labour force participation in the euro area: a cohort based analysis

Balleer, Almut; Gómez Salvador, Ramón; Turunen, Jarkko - European Central Bank - 2009

We use a cohort based model to analyse determinants of labour force participation fordisaggregated groups of workers in the euro area and the five largest euro areacountries. The model captures age and cohort effects as indicators of (unobserved)determinants of participation behaviour. We use...

Persistent link: https://www.econbiz.de/10005866625

PRODUCTIVITY AND JOB FLOWS HETEROGENEITY OF NEW HIRES AND CONTINUING JOBSIN THE BUSINESS CYCLE

Kilponen, Juha; Vanhala, Juuso - European Central Bank - 2009

"unemployment volatility puzzle". We let new matches andcontinuing jobs differ by their productivity levels and by their sensitivity …

Persistent link: https://www.econbiz.de/10005866471

Inflation dynamics with labour market matching: assessing alternative specifications

Christoffel, Kai; Costain, James S.; De Walque, Gregory; … - European Central Bank - 2009

This paper reviews recent approaches to modeling the labour market and assessestheir implications for ination dynamics through both their e¤ect on marginalcost and on price-setting behaviour. In a search and matching environment, weconsider the following modeling setups: right-to-manage...

Persistent link: https://www.econbiz.de/10005866597

The impact of reference norms on inflation persistence when wages are staggered

Knell, Mark; Stiglbauer, Alfred - European Central Bank - 2009

In this paper we present an extension of the Taylor model with staggered wages inwhich wage-setting is also influenced by reference norms (i.e. by benchmark wages).We show that reference norms can considerably increase the persistence of inflationand the extent of real wage rigidity but that...

Persistent link: https://www.econbiz.de/10005866627

Wage diversity in the euro area - an overview of labour cost differentials across industries

Genre, Véronique; Momferatou, Daphne; Mourre, Gilles - European Central Bank - 2005

This Paper provides an overview of the magnitude of sectoral wage differentials in the euro area as a whole. Even when adjusting for structural sectoral features such as the skill structure or the proportion of part-timers, average wage levels in services are substantially lower than in...

Persistent link: https://www.econbiz.de/10005162868

Institutional features of wage bargaining in 23 European countries, the US and Japan

Du Caju, Philip; Gautier, Erwan; Momferatou, Daphne; … - European Central Bank - 2008

This paper presents information on wage bargaining institutions, collected using a standardised questionnaire. Our data …-setting institutions. JEL Classification: J31, J38, J51, J58 …

Persistent link: https://www.econbiz.de/10005344868

The determinants of public deficit volatility

Agnello, Luca; Sousa, Ricardo M. - European Central Bank - 2009

This paper empirically analyzes the political, institutional and economic sources of public deficit volatility. Using the system-GMM estimator for linear dynamic panel data models and a sample of 125 countries analyzed from 1980 to 2006, we show that higher public deficit volatility is typically...

Persistent link: https://www.econbiz.de/10005002762

How are firms’ wages and prices linked: survey evidence in Europe

Druant, Martine; Fabiani, Silvia; Kezdi, Gabor; Lamo, Ana; … - European Central Bank - 2009

This paper presents new evidence on the patterns of price and wage adjustment in European firms and on the extent of nominal rigidities. It uses a unique dataset collected through a firm-level survey conducted in a broad range of countries and covering various sectors. Several conclusions are...

Persistent link: https://www.econbiz.de/10005049561