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Industry compensation under relocation risk : a firm-level analysis of the EU emissions trading scheme

Martin, Ralf; Muûls, Mirabelle; De Preux, Laure B.; … - 2012

Persistent link: https://www.econbiz.de/10009746102

Environmental policy and directed technological change : evidence from the European carbon market

Calel, Raphael; Dechezleprêtre, Antoine - 2012

Persistent link: https://www.econbiz.de/10009746111

Sovereign default swap market efficiency and country risk in the eurozone

Gündüz, Yalın; Kaya, Orcun - 2013

This paper uses sovereign CDS spread changes and their volatilities as a proxy for the informational efficiency of the sovereign markets and persistency of country risks. Specifically, we apply semi-parametric and parametric methods to the sovereign CDSs of 10 eurozone countries to test the...

Persistent link: https://www.econbiz.de/10009731982

Paying for performance : incentive pay schemes and employees' financial participation

Bryson, Alex; Freeman, Richard B.; Lucifora, Claudio; … - 2012

Persistent link: https://www.econbiz.de/10009411865

Collateral imbalances in intra-European trade? : accounting for the differences between gross and value added trade balances

Nagengast, Arne J.; Stehrer, Robert - 2014

One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences between...

Persistent link: https://www.econbiz.de/10010384148

Ethnic diversity, public goods provision and social cohesion : lessons from an inconclusive literature

Schaeffer, Merlin - 2013

Over the last two decades there has been a growing debate on the supposedly negative relation between ethnic diversity, public goods production and social cohesion. Despite the amount of evidence, existing in-depth qualitative reviews conclude that the literature is inconclusive. Advancing upon...

Persistent link: https://www.econbiz.de/10010195349

The evolution of economic convergence in the European Union

Borsi, Mihály Tamás; Metiu, Norbert - 2013

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

A single composite financial stress indicator and its real impact in the euro area

Islami, Mevlud; Kurz-Kim, Jeong-Ryeol - 2013

the real economy in the euro area. Our FSI was shown to perform better than the Euro STOXX 50 volatility index for the … recent banking crisis and the euro-area sovereign debt crisis and to be able to serve as an early warning indicator for …

Persistent link: https://www.econbiz.de/10009792981

Monetary and macroprudential policy in an estimated DSGE model of the euro area

Quint, Dominic; Rabanal, Pau - 2014

the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential …

Persistent link: https://www.econbiz.de/10010258716

Is it really more dispersed? : measuring and comparing the stress from the common monetary policy in the euro area

Quint, Dominic - 2014

The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of … within the euro area has been steadily decreasing prior to the recent financial crisis. Current stress levels are not only … lower today than in the late 1990s, they are also in line with what is commonly observed among U.S. states or pre-euro …

Persistent link: https://www.econbiz.de/10010349426