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Offshoring high-skilled jobs: EU multinationals and domestic employment of inventors
Abramovsky, Laura; Griffith, Rachel; Miller, Helen - C.E.P.R. Discussion Papers - 2012
-skilled employment in headquarter countries. We estimate of the impact offshoring inventors has on firms' use of inventors at home using …
Persistent link: https://www.econbiz.de/10011084698
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Wage Growth, Productivity Growth, and the Evolution of Employment
Hellwig, Martin F; Irmen, Andreas - C.E.P.R. Discussion Papers - 2001
This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general … is the common growth rate of consumption, demand, and output. In these steady-state equilibria employment contracts at a … equality of wage growth and productivity growth is a condition for constant employment. …
Persistent link: https://www.econbiz.de/10005789120
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Trade Union Objectives and Economic Growth
Irmen, Andreas; Wigger, Berthold - C.E.P.R. Discussion Papers - 2001
cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate technology so …
Persistent link: https://www.econbiz.de/10005123702
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Monetary Policy Shocks and Portfolio Choice
Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - C.E.P.R. Discussion Papers - 2010
The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...
Persistent link: https://www.econbiz.de/10008692318
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A global monetary tsunami? On the spillovers of US Quantitative Easing
Fratzscher, Marcel; Lo Duca, Marco; Straub, Roland - C.E.P.R. Discussion Papers - 2012
The paper analyses the global spillovers of the Federal Reserve’s unconventional monetary policy measures since 2007. First, we find that Fed measures in the early phase of the crisis (QE1), but not since 2010 (QE2), were highly effective in lowering sovereign yields and raising equity markets...
Persistent link: https://www.econbiz.de/10011083739