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Safe haven flows, natural interest rates and secular stagnation : empirical evidence for euro area countries

Belke, Ansgar; Klose, Jens - 2019

This article introduces a new measure to capture safe haven flows for twelve Euro area countries. Since those flows are suspected to alter the natural rate of interest, which is at the heart of the discussion whether certain countries face a period of secular stagnation, we estimate the natural...

Persistent link: https://www.econbiz.de/10012134351

Labor productivity, effort and the euro area business cycle

Lewis, Vivien; Villa, Stefania; Wolters, Maik H. - 2019

three margins: employment, hours, and eﬀort. We estimate the model with Bayesian methods and ﬁnd evidence for a signiﬁcant …

Persistent link: https://www.econbiz.de/10012134398

Searching for carbon leaks in multinational companies

Dechezleprêtre, Antoine; Gennaioli, Caterina; Martin, Ralf - 2019

Persistent link: https://www.econbiz.de/10011983150

Is there only one way out of in-work poverty? : difference by gender and race in the US

Struffolino, Emanuela; Van Winkle, Zachary - 2019

The persistency of in-work povert y during the last de cades challenges the idea that employment is sufficient to … longitudinal data sources (NLSY79, NLSY97, and PSID) to establish a typo logy of employment pathways out of in-work poverty and … into stable employment outside of poverty, while Black men and women likely remain vulnerable and at-risk of social …

Persistent link: https://www.econbiz.de/10012014974

Divisia monetary aggregates for a heterogeneous euro area

Brill, Maximilian; Nautz, Dieter; Sieckmann, Lea - 2019 - This version: June 25, 2019

We introduce a Divisia monetary aggregate for the euro area that accounts for the heterogeneity across member countries both, in terms of interest rates and the decomposition of monetary assets. In most of the euro area countries, the difference between the growth rates of the country-specific...

Persistent link: https://www.econbiz.de/10012023395

QE in the euro area : has the PSPP benefited peripheral bonds?

Belke, Ansgar; Gros, Daniel - 2019

The asset purchase programme of the euro area, active between 2015 and 2018, constitutes an interesting special case of Quantitative Easing (QE) because the ECB’s Public Sector Purchase Programme (PSPP) involved the purchase of peripheral euro area government bonds, which were clearly not...

Persistent link: https://www.econbiz.de/10011994801

Associations of childhood health and financial situation with quality of life after retirement : regional variation across Europe

Börnhorst, Claudia; Heger, Dörte; Mensen, Anne - 2019

Many studies have shown that childhood circumstances can have long term consequences that persist until old age. To better understand the transmission of early life circumstances, this paper analyses the effects of health and financial situation during childhood on quality of life after...

Persistent link: https://www.econbiz.de/10011998811

Fiscal policy and the assessment of output gaps in real time : an exercise in risk management

Larch, Martin; Cugnasca, Alessandro; Kumps, Diederik; … - 2019

Fiscal policymakers are expected to conduct countercyclical policies to mitigate cyclical fluctuations of output, but the assessment of cyclical conditions in real time is subject to considerable uncertainty. They face two types of risk: (i) launching discretionary measures to support or dampen...

Persistent link: https://www.econbiz.de/10011999053

Employment and performance effects of circular economy innovations

Horbach, Jens; Rammer, Christian - 2019

paper looks at the economic and social dimensions by investigating the performance and employment effects of CE innovations … positive. The results of quantile regressions show that this is also the case for employment effects. …

Persistent link: https://www.econbiz.de/10011999582

Lawyers, governance, and globalization : the diverging paths of "public interest law" across the Americas

Silva, Fábio de Sá e - 2017

In recent years, "public interest law" (PIL) has become a frequent component in conversations about law and policy around the globe. While this worldwide manifestation of a professional and political script that thus far seemed to be typically so American suggests a remarkable process of...

Persistent link: https://www.econbiz.de/10012060042