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Unemployment Persistence in Europe : Evidence from the 27 EU Countries
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; Trejo, … - 2021
This paper investigates unemployment persistence in the 27 EU member states by applying fractional integration methods …
Persistent link: https://www.econbiz.de/10013322015
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Pay and Unemployment Determinants of Migration Flows in the European Union
Afonso, António; Alves, José; Beck, Krzysztof - 2022
-2019 period, we use Bayesian Model Averaging and quantile regression to assess notably the relevance of unemployment and earnings …. Moreover, one percentage point increase in the difference in the unemployment rate is associated with an increase in net …
Persistent link: https://www.econbiz.de/10014240478
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Unemployment in the Euro Area and Unconventional Monetary Policy Surprises
Hülsewig, Oliver; Rottmann, Horst - 2022
2010-2018. Using Jordà’s (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …
Persistent link: https://www.econbiz.de/10014241612
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Public Finances Solvency in the Euro Area : True or False?
Afonso, António; Coelho, Jose Carlos - 2022
We assess public finances solvency for Euro Area countries using quarterly data between 1999Q1 and 2020Q4. Through a country-by-country analysis, the answer to the title question is true. For most countries, (i) the primary budget balance reacts positively to the lagged public debt ratio and...
Persistent link: https://www.econbiz.de/10014076999
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The Euro Area Periphery Sovereigns' Fiscal Positions and Unconventional Monetary Policy
Hülsewig, Oliver - 2020
We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...
Persistent link: https://www.econbiz.de/10012843420
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Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?
Larch, Martin; Orseau, Eloise; der Wielen, Wouter van - 2021
Rather than stabilising aggregate demand, discretionary fiscal policy tends to amplify cyclical fluctuations of output. The commonly accepted reasons are political economy and uncertainty. In the EU, the pro-cyclical nature of discretionary fiscal policy has also been associated with the...
Persistent link: https://www.econbiz.de/10013315041
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The Effects of International Sanctions on Military Spending of Iran : A Synthetic Control Analysis
Farzanegan, Mohammad Reza - 2019
We use the synthetic control method to estimate the effect of international banking and energy sanctions from 2012 to 2015 on military spending of Iran. We create a synthetic control group that mimics the socioeconomic characteristics of Iran before the international sanctions of 2012. We then...
Persistent link: https://www.econbiz.de/10012859051
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Military Spending and Innovation : Learning from 19th Century World Fair Exhibition Data
Danzer, Alexander; Danzer, Natalia; Feuerbaum, Carsten - 2023
We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation towards war...
Persistent link: https://www.econbiz.de/10014358399
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What do we really know about fiscal sustainability in the EU?: a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
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
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Estimating incentive and welfare effects of non-stationary unemployment benefits
Launov, Andrey; Wälde, Klaus - 2010
The distribution of unemployment duration in our equilibrium matching model with spell-dependent unemployment benefits … aggregate unemployment rate. Structural estimation using a German micro-data set (SOEP) allows us to discuss the effects of a … recent unemployment benefit reform (Hartz IV). The reform reduced unemployment by only 0.3%. Contrary to general beliefs, we …
Persistent link: https://www.econbiz.de/10010270493