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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

What drives international bank flows? Politics, institutions and other determinants

Papaioannou, Elias - European Central Bank - 2005

This paper uses a large panel of bilateral bank flow data to assess how institutions and politics affect international …), well-functioning institutions are a key driving force for international bank flows. Specifically, foreign banks invest … banking system. 3) Beyond institutions, politics exert also a firstorder impact. 4) The European Integration process has …

Persistent link: https://www.econbiz.de/10005816300

Economic performance and government size

Afonso, António; Jalles, João Tovar - European Central Bank - 2011

We construct a growth model with an explicit government role, where more government resources reduce the optimal level of private consumption and of output per worker. In the empirical analysis, for a panel of 108 countries from 1970-2008, we use different proxies for government size and...

Persistent link: https://www.econbiz.de/10009371720

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

The pecking order of cross-border investment

Daude, Christian; Fratzscher, Marcel - European Central Bank - 2006

determinants of this pecking order: information frictions and the quality of host country institutions. Overall, we find that in … institutions. This provides new evidence in favor of some hypotheses but contradicts others put forward in the theoretical …

Persistent link: https://www.econbiz.de/10005530841

Price and wage setting in Portugal: learning by asking

Martins, Fernando - European Central Bank - 2011

This paper presents the main findings of a survey conducted on a sample of Portuguese firms. The main aim was to identify some relevant characteristics about the dynamics of prices and wages in Portugal. The most important conclusions are: i) changes to wages are more synchronized than changes...

Persistent link: https://www.econbiz.de/10008922895

Have euro area and EU economic governance worked? Just the facts

Ioannou, Demosthenes; Stracca, Livio - European Central Bank - 2011

We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact and the Lisbon Strategy, have had any impact on macroeconomic outcomes. We test this proposition using a difference-in-difference approach on a panel of over 30 countries, some...

Persistent link: https://www.econbiz.de/10009024967

The sustainability of China's exchange rate policy and capital account liberalisation.

Cappiello, Lorenzo; Ferrucci, Gianluigi - European Central Bank - 2008

was the case for most of its recent history – will depend on the evolution of its institutions. JEL Classification: F10, F …

Persistent link: https://www.econbiz.de/10005222252

An analysis of youth unemployment in the euro area

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

a well-functioning education system and labour market institutions that do not introduce distortions into the labour …

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