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Manufacturing employment and exchange rates in the Portuguese economy : the role of openness, technology and labour market rigidity

Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010

In this paper, we explore empirically the role of openness, technology and labour market rigidity in the determination of the effect of the exchange rate on employment in Portugal. We develop an index that allows us to measure labour market flexibility at the sector level. This index shows that...

Persistent link: https://www.econbiz.de/10009153576

Employment, exchange rates and labour market rigidity

Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010

There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...

Persistent link: https://www.econbiz.de/10003959141

Aggregate savings and external imbalances in China

Yang, Dennis Tao - 2012

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …

Persistent link: https://www.econbiz.de/10009656609

China's high saving puzzle

Ma, Guonan; Yang, Dennis Tao - 2013

jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the … policies ; China …

Persistent link: https://www.econbiz.de/10009716768

Are entrepreneurs aware of covered interest parity and dollar shortage?

Nariman, Farhad; Heshmati, Almas - 2022

The purpose of this study is demonstrating why entrepreneurs should monitor the broad dollar index. This paper explains the reason why the broad dollar index has become a risk (leverage) gauge since 2008 using the Covered Interest Parity (CIP). CIP can be viewed as a reflection of the shadow...

Persistent link: https://www.econbiz.de/10013173246

Asymmetric labor market institutions in the EMU and the volatility of inflation and unemployment differentials

Abbritti, Mirko; Müller, Andreas - 2012

How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions and real wage rigidities. In our analysis, we...

Persistent link: https://www.econbiz.de/10009536516

How do trade and financial integration affect the relationship between growth and volatility?

Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2006

The influential work of Ramey and Ramey (1995) highlighted an empirical relationship that has now come to be regarded as conventional wisdom that output volatility and growth are negatively correlated. We reexamine this relationship in the context of globalization a term typically used to...

Persistent link: https://www.econbiz.de/10003464194

Trade and capital flows: substitutes or complements? : an empirical investigation

Belke, Ansgar; Domnick, Clemens - 2019

This paper examines the linkages between the trade of goods and financial assets. Do both flows behave as complements (implying a positive correlation) or as substitutes (negative correlation)? Although a classic topic in international macroeconomics, the empirical evidence has remained...

Persistent link: https://www.econbiz.de/10012099470

Exchange rate volatility and employment growth : empirical evidence from the CEE economies

Belke, Ansgar (contributor); Setzer, Ralph (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001937672

Exchange rate volatility effects on the German labour market : a survey of recent results and extensions

Buscher, Herbert S.; Mueller, Claudia - 1999

In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different volatility measures and four country groups. In...

Persistent link: https://www.econbiz.de/10011294706