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Current account imbalances and structural adjustment in the euro area: how to rebalance competitiveness

Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009

Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...

Persistent link: https://www.econbiz.de/10010271100

When does it hurt? The exchange rate pain threshold for German exports

Belke, Ansgar; Goecke, Matthias; Guenther, Martin - 2009

This paper deals with the impact of the $/¿ exchange rate on German exports in the period from 1995Q1 to 2008Q4. Our main aim is to identify pain thresholds for German exporters. We rely on a non-linear model according to which suddenly strong spurts of exports occur when changes of the EXR go...

Persistent link: https://www.econbiz.de/10010271139

Real convergence, capital flows, and competitiveness in central and Eastern Europe

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

Persistent link: https://www.econbiz.de/10010276616

Current account imbalances and structural adjustment in the euro area: How to rebalance competitiveness?

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009

Persistent link: https://www.econbiz.de/10010327336

Labor market reforms and current account imbalances: Beggar-thy-neighbor policies in a currency union?

Baas, Timo; Belke, Ansgar - 2014

Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

Persistent link: https://www.econbiz.de/10010435398

Beyond Balassa and Samuelson: Real convergence, capital flows, and competitiveness in Greece

Belke, Ansgar; Haskamp, Ulrich; Schnabl, Gunther; … - 2015

We scrutinize the role of capital flows in competitiveness in a set of seven euro-area member countries (Estonia, Greece, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A specific focus is on Greece. The paper extends the seminal...

Persistent link: https://www.econbiz.de/10011622962

The role of sickness in the evaluation of job search assistance and sanctions

Van den Berg, Gerard J.; Hofmann, Barbara; Uhlendorff, Arne - 2016

Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However … sanctions on the unemployment duration and the quality of job matches, in conjunction with the possibility to report sick. We … relative attractiveness of vacancy referrals increases over the time spent in unemployment. Overall, around 9% of sickness …

Persistent link: https://www.econbiz.de/10011415298

Social networks, job search methods and reservation wages: Evidence for Germany

Caliendo, Marco; Schmidl, Ricarda; Uhlendorff, Arne - 2010

In this paper we analyze the relationship between social networks and the job search behavior of unemployed individuals. It is believed that networks convey useful information in the job search process such that individuals with larger networks should experience a higher productivity of informal...

Persistent link: https://www.econbiz.de/10010285749