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The redistributive and stabilising effects of an EMU unemployment benefit scheme under different hypothetical unemployment scenarios
Jara, H. Xavier; Tumino, Alberto; Sutherland, Holly - 2015
The idea of a common unemployment benefit system for the European Monetary Union (EMU) has provoked increasing interest in both the political and academic spheres because of its potential to smooth fluctuations in income across member states and to strengthen income security for the unemployed....
Persistent link: https://www.econbiz.de/10011449152
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The importance of income-tested benefits in good times and bad : lessons from EU countries
Leventi, Chrysa; Rastrigina, Olga; Sutherland, Holly - 2016
distribution is also examined. We compare the situation in 2009 with that in 2014 (or 2013) for fifteen EU Member States … those in strong recovery by 2014. As EU-SILC micro-data containing household income for 2013 or 2014 are not available yet …, standard EUROMOD routines are enhanced with additional adjustments to the EU-SILC based input data in order to take into …
Persistent link: https://www.econbiz.de/10011449199
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How does online streaming affect antitrust remedies to centralized marketing? : the case of European football broadcasting rights
Budzinski, Oliver; Gänßle, Sophia; … - 2019
The collective sale of football broadcasting rights constitutes a cartel, which, in the European Union, is only allowed if it complies with a number of conditions and obligations, inter alia, partial unbundling and the no-single-buyer rule. These regulations were defined with traditional...
Persistent link: https://www.econbiz.de/10012025484
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Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistence Network evidence
Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings are: i) Under the current monetary policy regime, the...
Persistent link: https://www.econbiz.de/10011622329
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An estimated dynamic stochastic general equilibrium model of the euro area
Smets, Frank; Wouters, Rafael - 2002
This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation. It is...
Persistent link: https://www.econbiz.de/10011623232
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Comparing shocks and frictions in US and euro area business cycles : a Bayesian DSGE approach
Smets, Frank; Wouters, Rafael - 2004
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10011625697
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The role of an EMU unemployment insurance scheme on income protection in case of unemployment
Jara, H. Xavier; Sutherland, Holly; Tumino, Alberto - 2016
gaps in national unemployment insurance schemes are assessed. We make use of EUROMOD, the EU-wide tax …
Persistent link: https://www.econbiz.de/10011584408
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Structural asymmetries and financial imbalances in the eurozone
Jaccard, Ivan; Smets, Frank - 2017
Almost two decades after the introduction of the common currency, differences in institutional frameworks remain a major source of cross-country heterogeneity in the eurozone. We develop a two-country model with incomplete international markets in which the availability of credit depends on the...
Persistent link: https://www.econbiz.de/10011662924
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Nowcasting : estimating developments in median household income and risk of poverty in 2014 and 2015
Rastrigina, Olga; Leventi, Chrysa; Vujackov, Sanja; … - 2016
and of the effectiveness of tax and benefit policies. However, partly due to the complexity of EU-SILC data collection … model’s routines are enhanced with additional adjustments to the EU-SILC based input data in order to capture changes in the … employment characteristics of the population since the data were collected. The nowcasting method is applied to twenty-five EU …
Persistent link: https://www.econbiz.de/10011537390
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Labour market adjustments in Europe and the US : how different?
Beyer, Robert; Smets, Frank - 2015
Persistent link: https://www.econbiz.de/10010516557