The question of whether migration can be an equilibrating force in the labour market is an important criterion for an … optimal currency area. It is of particular interest currently in the context of high and rising levels of labour market … disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some …

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong …

Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour … costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and … beginning of the century. Germany is an exception. A large increase in the prices of buildings, structures and lands for private …

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … could account for volatility differences across member states, but labor market characteristics have remained very diverse …. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

This article reviews empirical evidence on the early tracking system in Germany and the educational inequalities …. Furthermore, recent evidence concerning long-term consequences of tracking on labor market outcomes suggests that sizeable built …

several tax reforms that were implemented in Germany between 2001 and 2008. Our baseline estimates indicate an overall ETI of …

the partial equilibrium of the labor market after the supply reactions. …