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Profit Dynamics across the Largest Euro Area countries and Sectors
Maurin, Laurent; Roma, Moreno; Vetlov, Igor - Lietuvos Bankas - 2011
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain … a vector autoregressive modeling framework, discusses the sensitivity of profits to four distinctive structural shocks … of historical developments in profits across countries and sectors. …
Persistent link: https://www.econbiz.de/10009402035
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Profit dynamics across the largest euro area countries and sectors
Maurin, Laurent; Roma, Moreno; Vetlov, Igor - European Central Bank - 2011
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain … a vector autoregressive modeling framework, discusses the sensitivity of profits to four distinctive structural shocks … of historical developments in profits across countries and sectors. JEL Classification: C32, E23, E25 …
Persistent link: https://www.econbiz.de/10009399785
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The changing role of expectations in US monetary policy: A new look using the Livingston Survey
Banerjee, A.; Malik, S. - Banque de France - 2012
Using a Bayesian structural vector autoregression (TVP-SVAR) with time-varying parameters and volatility we investigate monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the linkages between monetary policy, inflation...
Persistent link: https://www.econbiz.de/10010816004
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Profit dynamics across the largest euro area countries and sectors
Maurin, Laurent; Roma, Moreno; Vetlov, Igor - 2011
of historical developments in profits across countries and sectors. - Profits, sectoral determinants ; VARs ; impulse …This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain … a vector autoregressive modeling framework, discusses the sensitivity of profits to four distinctive structural shocks …
Persistent link: https://www.econbiz.de/10009405591
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Profit Dynamics Across the Largest Euro Area Countries and Sectors
Maurin, Laurent - 2011
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain … a vector autoregressive modeling framework, discusses the sensitivity of profits to four distinctive structural shocks … of historical developments in profits across countries and sectors …
Persistent link: https://www.econbiz.de/10013117688
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Supply-side effects of strong energy price hikes in German industry and transportation
Knetsch, Thomas A.; Molzahn, Alexander - 2009
The paper studies the short-term effects of energy price hikes on the supply of industrial goods and transport services including the repercussions on remuneration of input factors. While industry had suffered more strongly from the oil price shock of the late 1970s compared with the one of the...
Persistent link: https://www.econbiz.de/10010299180
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Falling labor share and rising unemployment: Long-run consequences of institutional shocks?
Berthold, Norbert; Fehn, Rainer; Thode, Eric - 1999
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
Persistent link: https://www.econbiz.de/10010300343
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Rigide Arbeitsmärkte und ungleiche Einkommensverteilung: Ein unlösbares Dilemma?
Berthold, Norbert; Fehn, Rainer; Thode, Eric - 1999
The paper shows that a more flexible labor market is unequivocally necessary for a lasting and substantial reduction of unemployment. It furthermore points out that a more flexible labor market is even beneficial from a long-run distributional point of view. Hence, the key to liberalizing the...
Persistent link: https://www.econbiz.de/10010300353
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The labour share of income: Heterogeneous causes for parallel movements?
Hogrefe, Jan; Kappler, Marcus - 2010
The aim of this paper is to take a structured approach at estimating the coefficients of factors explaining movements of the labour share across countries. In particular, we focus on proper dynamic specification and test the validity of the homogeneity assumption of slope coefficients frequently...
Persistent link: https://www.econbiz.de/10010300382
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Euro area production function and potential output: a supply side system approach
Willman, Alpo - 2002
In this paper, we present a three equation supply-side model based on aggregation across sectors with sector specific mark-ups and the technology parameters of the production function. The model has been applied to euro area data from the 1970s assuming that the underlying production function is...
Persistent link: https://www.econbiz.de/10011604199