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Real unit labour costs in Eurozone countries : drivers and clusters
Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2014
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components - real wages, capital intensity, and technology - are uncovered through decomposition and cluster analyses. In the...
Persistent link: https://www.econbiz.de/10010369774
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Euro, crisis and unemployment : youth patterns, youth policies?
Ghoshray, Atanu; Ordóñez, Javier; Sala, Hector - 2016
This paper examines the occurrence of structural breaks in European unemployment associated with major events experienced by the European economies at an institutional level: the creation of the European and Monetary Union (EMU) in 1999, and the Euro/financial crisis in 2008-2009, which was...
Persistent link: https://www.econbiz.de/10011476560
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Unemployment in the European Union : a dynamic reappraisal
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002
This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...
Persistent link: https://www.econbiz.de/10011412080
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Unemployment in the European Union : institutions, prices, and growth
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001800159
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The European Phillips curve : does the NAIRU exist?
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2003
Persistent link: https://www.econbiz.de/10001845263
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Unemployment in the EU : institutions, prices and growth
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2004
Persistent link: https://www.econbiz.de/10002006487
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Unemployment, growth and fiscal policy : new insights on the hysteresis hypothesis
Raurich-Puigdevall, Xavier (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002035720
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The effects of globalization and technology on the elasticity of substitution
Sala, Hector; Trivín, Pedro - 2017
, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …-output ratio on the labor share irrespective of the degree of globalization (which would be consistent with an average aggregate …
Persistent link: https://www.econbiz.de/10011704348
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Thresholds in the process of international financial integration
Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10003831857
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Financial globalization and economic policies
Kose, M. Ayhan; Prasad, Eswar S.; Rogoff, Kenneth S.; … - 2009
Persistent link: https://www.econbiz.de/10003808063