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Instability of the Eurozone? : On monetary policy, house prices and labor market reforms
Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2007
"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary …
Persistent link: https://www.econbiz.de/10003429626
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Structural reforms, growth and inequality : an overview of theory, measurement and evidence
Campos, Nauro; De Grauwe, Paul; Ji, Yuemei - 2017
This chapter provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between...
Persistent link: https://www.econbiz.de/10011763836
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Close encounters of the European kind: economic integration, sectoral heterogeneity and structural reforms
Campos, Nauro; Eichenauer, Vera; Sturm, Jan-Egbert - 2020
This paper addresses two main questions: (a) Has European integration hindered the implementation of labour, financial and product market structural reforms? (b) Do the effects of these reforms vary more across sectors than across countries? Using more granular reform measures, longer time...
Persistent link: https://www.econbiz.de/10012291227
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Institutional integration and productivity growth: evidence from the 1995 enlargement of the European Union
Campos, Nauro; Coricelli, Fabrizio; Franceschi, Emanuele - 2021
This paper studies the productivity effects of integration deepening. The identification strategy exploits the 1995 … integration, the average Norwegian region would have experienced an increase in yearly productivity growth of about 0.6 percentage …
Persistent link: https://www.econbiz.de/10012698068
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Economic growth and political integration : estimating the benefits from membership in the European Union using the synthetic counterfactuals method
Campos, Nauro; Coricelli, Fabrizio; Moretti, Luigi - 2014
counterfactuals method, we estimate how GDP per capita and labour productivity would have behaved for the countries that joined the …
Persistent link: https://www.econbiz.de/10010350820
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Financial crises and liberalization : progress or reversals?
Saka, Orkun; Campos, Nauro; De Grauwe, Paul; Ji, Yuemei; … - 2019
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012022690
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Understanding inter-industry wage structures in the euro area
Genre, Véronique; Kohn, Karsten; Momferatou, Daphne - 2009
firm-related characteristics (e.g., capital intensity, productivity) contribute significantly. However, considerable wage …
Persistent link: https://www.econbiz.de/10003831202
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On the multivariate analysis of the "Lisbon process"
Tausch, Arno (contributor); Heshmati, Almas (contributor);  … - 2007
are facing four underlying and contradictory processes including a Lisbon productivity factor; high eco-social exclusion …
Persistent link: https://www.econbiz.de/10003646699
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Knowledge spillovers, ICT and productivity growth
Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cécilia - 2014
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits … a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU …-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10010374120
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Resource misallocation in European firms : the role of constraints, firm characteristics and managerial decisions
Gorodnichenko, Yuriy; Revoltella, Debora; Švejnar, Jan; … - 2018
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10011815929