-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has … a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks …

By constructing and estimating a structural arbitrage-free model of demand pressures on US real rates, we find that …

demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility …. We find that business-cycle driven oil demand shocks are the most important drivers of U.S. oil price fluctuations during …

The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the … core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that …-specific factors matter in some cases, demand patterns in these countries are largely driven by common determinants. Third …

dependent on external demand from the rest of world. Current account adjustments have taken place, reflecting structural changes … ahead, relying only on relative price adjustments (which adversely affects demand) to rebalance the euro area could prove …

rotation back to domestic demand-led growth, the current account deficit is widening again, while inflation remains above …