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(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade … unions lower their claims for wage mark-ups resulting in lower wage growth and lower unemployment. This paper uses …
Persistent link: https://www.econbiz.de/10010274904
market outcomes do not benefit significantly from naturalization. Naturalization reduces the risks of unemployment and …
Persistent link: https://www.econbiz.de/10012908608
costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …
Persistent link: https://www.econbiz.de/10012844422
less time at work outweighs the negative emotional effect of unemployment during leisure episodes, such that the unemployed …
Persistent link: https://www.econbiz.de/10012888992
We study how carbon pricing has affected inflation ex-post, using dynamic panel estimation of New-Keynesian Phillips … carbon taxes. We find that an increase in prices of ETS by $10 per ton of CO2 equivalents increases energy CPI inflation by 0 ….8 percentage points (pp), and headline inflation by 0.08pp, but has no significant effects on food and core CPI inflation. We also …
Persistent link: https://www.econbiz.de/10013305654
In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...
Persistent link: https://www.econbiz.de/10014242006
economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the …
Persistent link: https://www.econbiz.de/10010281454
, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the … former country this applies both to the zero and the seasonal frequencies, in the case of Italy the nonstationarity comes … exclusively from the long-run or zero frequency. In the UK, inflation seems to be stationary with a component of long memory at …
Persistent link: https://www.econbiz.de/10010271959
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of transactions in our sample invoiced in neither sterling nor the exporter’s currency. We then study the relationship between invoicing currency...
Persistent link: https://www.econbiz.de/10012867016
behaviour of investors and on Bitcoin price co-movements. Further, the probability of Bitcoin exchanges shutdowns is higher in …
Persistent link: https://www.econbiz.de/10012841932