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Labour Market Entry Conditions, Wages and Job Mobility

Bachmann, Ronald; Bauer, Thomas K.; David, Peggy - Rheinisch-Westfälisches Institut für … - 2010

Economic conditions at the time of labour market entry can induce wage differentials between workers entering the labour market at different points in time. While the existence and persistence of these entry wage differentials are well documented, little is known about their interaction with...

Persistent link: https://www.econbiz.de/10008520832

Inflation Forecasting with Inflation Sentiment Indicators

Döhrn, Roland; Schmidt, Christoph M.; Zimmermann, Tobias - Rheinisch-Westfälisches Institut für … - 2008

In this paper we argue that future inflation in an economy depends on the way people perceive current inflation, their inflation sentiment.We construct some simple measures of inflation sentiment which capture whether price acceleration is shared by many components of the CPI basket. In a...

Persistent link: https://www.econbiz.de/10005738715

Monetary Policy, Inflation Illusion and the Taylor Principle – An Experimental Study

Luhan, Wolfgang J.; Scharler, Johann - Rheinisch-Westfälisches Institut für … - 2013

We develop a simple experimental setting to evaluate the role of the Taylor principle, which holds that the nominal interest rate has to respond more than one-for-one to fluctuations in the inflation rate. In our setting, the average inflation rate fluctuates around the inflation target if the...

Persistent link: https://www.econbiz.de/10010617565

The Role of Education and Household Composition for Transitory and Permanent Income Inequality. Evidence from PSID Data

Ludwig, Johannes - Rheinisch-Westfälisches Institut für … - 2014

Transitory and permanent shocks to income have been shown to be important determinants of household consumption. This paper shows that there are significant differences in the development of transitory and permanent inequality of household income between demographic groups since the 1980s. Using...

Persistent link: https://www.econbiz.de/10010860289

Labor Market Reforms and Current Account Imbalances - Beggar-thy-Neighbor Policies in a Currency Union?

Baas, Timo; Belke, Ansgar - Rheinisch-Westfälisches Institut für … - 2014

Member countries of the European Monetary Union (EMU) initiated wideranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

Persistent link: https://www.econbiz.de/10010934835

The Importance of Two-Sided Heterogeneity for the Cyclicality of Labour Market Dynamics

Bachmann, Ronald; David, Peggy - Rheinisch-Westfälisches Institut für … - 2009

Using two data sets derived from German administrative data, including a linked employer-employee data set, we investigate the cyclicality of worker and job flows.The analysis stresses the importance of two-sided labour market heterogeneity in this context, taking into account both observed and...

Persistent link: https://www.econbiz.de/10005024330

Heterogeneity in the Cyclical Sensitivity of Job-to-Job Flows

Schaffner, Sandra - Rheinisch-Westfälisches Institut für … - 2009

Although the cyclical aspects of worker reallocation are investigated in numerous studies, only scarce empirical evidence exists for Germany. Kluve, Schaffner, and Schmidt (2009) emphasize the heterogeneity of cyclical influences for different subgroups of workers, defined by age, gender and...

Persistent link: https://www.econbiz.de/10005024334

Decomposing the Ins and Outs of Cyclical Unemployment

Bachmann, Ronald; Sinning, Mathias - Rheinisch-Westfälisches Institut für … - 2011

This paper analyzes the contribution of the socioeconomic and demographic composition of the pool of employed and unemployed individuals to the dynamics of the labor market in different phases of the business cycle. Using individual level data from the Current Population Survey (CPS), we...

Persistent link: https://www.econbiz.de/10010533916

Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - Rheinisch-Westfälisches Institut für … - 2009

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

Persistent link: https://www.econbiz.de/10008509371

When Does It Hurt? The Exchange Rate "Pain Threshold" for German Exports

Belke, Ansgar; Goecke, Matthias; Guenther, Martin - Rheinisch-Westfälisches Institut für … - 2009

This paper deals with the impact of the $/Euro exchange rate on German exports in the period from 1995Q1 to 2008Q4. Our … implement an algorithm describing play-hysteresis into a regression framework. A unique "pain threshold" of the $/Euro exchange … euro. At the end of our estimation period, the previous exchange rate movements had shifted the upper bound of the play …

Persistent link: https://www.econbiz.de/10008509374