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This paper contributes to the old theme of testing for rationality of inflation expectations in surveys, using two very different surveys in parallel. Focusing on the euro area and using two well-known surveys that include questions on inflation expectations, the Consensus Forecast survey and...
Persistent link: https://www.econbiz.de/10011604767
This paper contributes to the old theme of testing for rationality of inflation expectations in surveys, using two very different surveys in parallel. Focusing on the euro area and using two well-known surveys that include questions on inflation expectations, the Consensus Forecast survey and...
Persistent link: https://www.econbiz.de/10012777896
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks operating in the European Union. We find that reductions...
Persistent link: https://www.econbiz.de/10013142777
This survey aims at providing the reader with a thread through the literature on the topic of panel econometrics of labour supply, reporting also on the evaluation of the data used in these studies, and summarizing their substantive results. It documents the present trend away from models that...
Persistent link: https://www.econbiz.de/10011622753
Persistent link: https://www.econbiz.de/10013427858
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business …
Persistent link: https://www.econbiz.de/10011604602
This paper evaluates the appropriateness of the standard methodologies and the quality of the data frequently used to analyse labour market dynamics in Europe. Our results indicate that, due to recall error and heterogeneous survey design, the retrospective approach tends to result in a...
Persistent link: https://www.econbiz.de/10001597535
Persistent link: https://www.econbiz.de/10003401007
Persistent link: https://www.econbiz.de/10012486459
with sticky prices and matching frictions. Furthermore I consider the role of real wage rigidities. Optimal policy features … power is higher than the share of unemployed people in the matching technology and viceversa. This is so since when the …
Persistent link: https://www.econbiz.de/10012778042