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Co-movements between public and private wages in the EU : which factors play a role?

Marzinotto, Benedicta; Turrini, Alessandro - 2016

This paper assesses the relationship between government and manufacturing wages. We find that the long-run relation between the two wages is stronger when the government is a large employer. Manufacturing wages are better aligned with productivity and unemployment when public wages, to which...

Persistent link: https://www.econbiz.de/10011480768

Identification of New Keynesian Phillips Curves from a global perspective

Dées, Stephane; Pesaran, M. Hashem; Smith, L. Vanessa; … - 2008

number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first …

Persistent link: https://www.econbiz.de/10003652695

Infinite dimensional VARs and factor models

Chudik, Alexander (contributor); … - 2007

This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...

Persistent link: https://www.econbiz.de/10003646695

Phillips curves and unemployment dynamics : a critique and a holistic perspective

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2006

"The conventional wisdom that inflation and unemployment are unrelated in the long-run implies that these phenomena can be analysed by separate branches of economics. The macro literature tries to explain inflation dynamics and estimates the NAIRU. The labour macro literature tries to explain...

Persistent link: https://www.econbiz.de/10003359297

International migration with heterogeneous agents : theory and evidence

Brücker, Herbert (contributor); … - 2006

investigation of the cointegration relationships of German migration stocks and flows since 1967. We find that (i) panel-unit root … migration stocks and the explanatory variables are all I(1) variables, and (ii) the hypothesis of cointegration cannot be … rejected for the stock model. -- international migration ; temporary migration ; panel cointegration …

Persistent link: https://www.econbiz.de/10003376850

Cross-country connectedness in inflation and unemployment: measurement and macroeconomic consequences

Binh Thai Pham; Sala, Hector - 2021

We bring the notion of connectedness (Diebold and Yilmaz, 2012) to a set of two critical macroeconomic variables as inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro setting – to explore the extent and consequences of...

Persistent link: https://www.econbiz.de/10012491801

Uniform and nonuniform staggering of wage contracts

Danziger, Leif - 2010

This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...

Persistent link: https://www.econbiz.de/10003983623

What matters for environmental quality in the Next-11 countries : economic growth or income inequality?

Padhan, Hemachandra; Haouas, Ilham; Sahoo, Bhagaban; … - 2018

This study uses 1971-2013 panel data to explore the implications of growth, wealth disparities and energy consumption on carbon emissions in a sample of Next-Eleven (N-11) countries. It uses modern econometric techniques to highlight a long-run interplay between selected variables in the carbon...

Persistent link: https://www.econbiz.de/10011816704

The determinants of crude oil prices : evidence from ARDL and nonlinear ARDL approaches

Ben Salem, Leila; Nouira, Ridha; Jeguirim, Khaled; … - 2022

) approach is used to explore this asymmetry. The use of an asymmetric error correction model with asymmetric cointegration …

Persistent link: https://www.econbiz.de/10013429325

China's emergence in the world economy and business cycles in Latin America

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2011

The international business cycle is very important for Latin America's economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of...

Persistent link: https://www.econbiz.de/10009311486

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