Similar Search Results

Unemployment in the European Union: Institutions, prices, and growth

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2004

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10010276423

Employment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel

Caporale, Guglielmo Maria; Škare, Marinko - 2011

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

Persistent link: https://www.econbiz.de/10010277380

Effects of corporate tax reforms on SMEs' investment decisions under the particular consideration of inflation

Nam, Chang Woon; Radulescu, Doina Maria - 2005

Corporate tax reforms carried out in EU countries since 1980 entail lower statutory tax rates and reductions in generous tax depreciation provisions. Several countries including the UK have reduced tax rates for SMEs. This study compares incentive effects of such reforms on the SMEs? investment...

Persistent link: https://www.econbiz.de/10010261282

Asymmetric monetary transmission in EMU : the robustness of VAR conclusions and Cecchettis legal family theory

Elbourne, Adam; de Haan, Jakob - 2004

We review studies on monetary transmission in the EU countries using the VAR approach and analyse why they often lead to divergent outcomes. Firstly, we estimate 43 VAR models across ten EU countries and compare the robustness of the ranking of the magnitudes of the price and output responses....

Persistent link: https://www.econbiz.de/10010261078

The private and fiscal returns to schooling and the effect of public policies on private incentives to invest in education : a general framework and some results for the EU

De la Fuente, Angel; Jimeno, Juan F. - 2005

employment probabilities after allowing for academic failure rates, the direct and opportunity costs of schooling, and the impact …

Persistent link: https://www.econbiz.de/10010261133

Why are more redistributive social security systems smaller? : A median voter approach

Koethenbuerger, Marko; Poutvaara, Panu; Profeta, Paola - 2005

We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. Our key insight is that linking benefits to past earnings (less redistributiveness) reduces the efficiency cost of social security (due to endogenous...

Persistent link: https://www.econbiz.de/10010261136

Zooming out : the trade effect of the euro in historical perspective

Berger, Helge; Nitsch, Volker - 2005

In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by itself) to a sizable and statistically significant...

Persistent link: https://www.econbiz.de/10010261162

Culture and institutions : economic development in the regions of Europe

Tabellini, Guido - 2005

Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture is measured by indicators of individual values and beliefs, such as trust and respect for others, and confidence in individual self-determination. To isolate the exogenous...

Persistent link: https://www.econbiz.de/10010261295

The impact of FX central bank intervention in a noise trading framework

Beine, Michel; De Grauwe, Paul; Grimaldi, Marianna - 2005

In this paper we investigate the effects of central bank interventions (CBI) in a noise trading model with chartists and fundamentalists. We first estimate a model in which chartists extrapolate past returns and fundamentalists forecast a mean reverting dynamics of the exchange rate towards a...

Persistent link: https://www.econbiz.de/10010261316

Has the stability and growth pact impeded political budget cycles in the European Union?

Mink, Mark; de Haan, Jakob - 2005

This paper examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate model for the period 1999-2004 and various election indicators we find strong evidence that the Stability and Growth Pact has not restricted fiscal policy makers in the euro...

Persistent link: https://www.econbiz.de/10010261324