Showing 1 - 10 of 30
Persistent link: https://www.econbiz.de/10010314055
, we observe interesting patterns in the skill composition, employment opportunities and wages for migrants to the …
Persistent link: https://www.econbiz.de/10010264459
We apply German Mikrozensus data for the period 1996 to 2004 to investigate the employment status of mothers … differences in the employment behavior of East and West German mothers. German family policy sets incentives particularly for low … employment differences as East German women with low earnings potentials appear to adopt West German low employment patterns over …
Persistent link: https://www.econbiz.de/10010274751
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
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
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel cointegration techniques developed by...
Persistent link: https://www.econbiz.de/10010264310
This paper estimates forward-looking Taylor rules for the euro area. Using the asymmetries in inflation and cyclical output developments across countries, we investigate the adequacy of the single monetary policy for each of the European Monetary Union (EMU) member countries. Notable differences...
Persistent link: https://www.econbiz.de/10010264325
The financial integration in Europe concentrates on cross-border mergers rather than cross-border lending and emphasizes the need for harmonizing bank regulation and supervision. We study the impact of cross-border lending in a theoretical model where banks acquire either hard or soft...
Persistent link: https://www.econbiz.de/10010264346
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10010264579
Persistent link: https://www.econbiz.de/10010267050