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has been found in some studies. The incidence and the impact of training depend on the national education and training …
Persistent link: https://www.econbiz.de/10013428327
Union. In the first three chapters we address the micro level of individual life courses: education, employment and income …
Persistent link: https://www.econbiz.de/10010430026
Persistent link: https://www.econbiz.de/10001604240
This paper investigates relative earnings of individuals leaving tertiary education without a degree across 18 European … enrolling into tertiary education, but 25% less than university graduates. Moreover, university dropouts do not appear to have … than those graduating from tertiary education. We document substantial heterogeneity across countries concerning whether …
Persistent link: https://www.econbiz.de/10012389510
Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation-price dispersion nexus is predicted to be asymmetrically...
Persistent link: https://www.econbiz.de/10003952539
This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function of the ECB, we use qualitative survey data on expectations about the future interest rate, inflation, and output to discover...
Persistent link: https://www.econbiz.de/10008796249
This paper looks at some implications of data uncertainty for monetary policy. We combine national accounts data revisions with optimal control and filtering experiments on a calibrated model to discuss policy implications of price-versus-volume data uncertainty in GDP data for the United...
Persistent link: https://www.econbiz.de/10003384150
This paper investigates economic convergence in real income per capita between 27 European Union countries. We employ a non-linear latent factor framework to study transitional behavior among economies between 1970 and 2010. Our results offer important insights on the economic catch-up exhibited...
Persistent link: https://www.econbiz.de/10009784195
Persistent link: https://www.econbiz.de/10011438236
We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...
Persistent link: https://www.econbiz.de/10010471858