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Do Social Policies Harm Employment and Growth?

van der Ploeg, Frederick - 2003

In economies with competitive labour markets social policies harm employment and output. In Europe, in particular, non … such as progressive taxation or facilitating corporatism may well induce wage moderation and boost employment and output … better off and thus votes for less 'populist' policies. Hence, employment and economic growth will be higher and inflation …

Persistent link: https://www.econbiz.de/10010315647

The price puzzle revisited: can the cost channel explain a rise in inflation after a monetary policy shock?

Henzel, Steffen; Hülsewig, Oliver; Mayer, Eric; … - 2007

This paper explores whether the cost channel solves the price puzzle. We set-up a New Keynesian DSGE model and estimate it for the euro area by adopting a minimum distance approach. Our findings suggest that - under certain parameter restrictions which are not rejected by the data - the cost...

Persistent link: https://www.econbiz.de/10010264162

Forecasting Euro area real GDP: optimal pooling of information

Hülsewig, Oliver; Mayr, Johannes; Wollmershäuser, Timo - 2008

This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are derived by optimally pooling the information contained in national indicator series. Following the ideas of predictive modeling, we construct the area-wide indicators by...

Persistent link: https://www.econbiz.de/10010264416

Price dispersion in the Euro Area : the case of a symmetric oil price shock

Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009

This paper studies the causes of price dispersion in the euro area emerging in response to a shock that hits all member countries symmetrically. We use a panel VAR model which is estimated over the period 1996 - 2007 to generate impulse responses of a range of price and wage variables to an oil...

Persistent link: https://www.econbiz.de/10010271958

Monetary policy transmission and house prices : European cross-country evidence

Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009

This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...

Persistent link: https://www.econbiz.de/10010271967

Higher education reform and the renewed Lisbon Strategy: role of member states and the European Commission

van der Ploeg, Frederick; Veugelers, Reinhilde - 2007

This paper discusses rising enrolment rates, access, governance, underperformance in research and teaching, lack of internationalisation, private returns to education and the funding problems of European universities. Our proposals for reform are based on more autonomy for universities, higher...

Persistent link: https://www.econbiz.de/10010276203

Reforming European universities: scope for an evidence-based process

Veugelers, Reinhilde; van der Ploeg, Frederick - 2008

Universities are key players in the successful transition to a knowledge-based economy and society. However, this crucial sector of society needs restructuring if Europe is not to lose out in the global competition in education, research and innovation. To allow a more evidence based process of...

Persistent link: https://www.econbiz.de/10010276223

The making of cultural policy : a European perspective

van der Ploeg, Frederick - 2005

governments of Europe spend substantial resources on culture and cultural sectors contribute significantly to employment and …

Persistent link: https://www.econbiz.de/10010261319