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Investigating first-stage exchange rate pass-through : sectoral and macro evidence from euro area countries
Cheikh, Nidhaleddine Ben; Rault, Christophe - 2017
Eurozone, as the responsiveness of import prices to exchange rate fluctuations tends to decline in a low and more stable …
Persistent link: https://www.econbiz.de/10011613008
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Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the Euro area
Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...
Persistent link: https://www.econbiz.de/10012099559
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The pass-through of exchange rate in the context of the European sovereign debt crisis
Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011376318
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Rising concentration and wage inequality
Cortes, Guido Matias; Tschopp, Jeanne - 2020
Wage inequality has risen in many countries over recent decades. At the same time, production has become increasingly concentrated in a small number of firms. In this paper, we show that these two phenomena are linked. Theoretically, we show that shocks that increase concentration will also lead...
Persistent link: https://www.econbiz.de/10012257969
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Innovation and employment in patenting firms : empirical evidence from Europe
Van Roy, Vincent; Vertesy, Daniel; Vivarelli, Marco - 2015
This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors …
Persistent link: https://www.econbiz.de/10011288522
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European innovation dynamics and US economic impact : theory and empirical analysis
Welfens, Paul J. J.; Irawan, Tony - 2014
can offer a broad analysis of product innovation dynamics in Europe which should be the basis for not only better supply … communication in relation to product innovation dynamics. Moreover, the approach provides new important arguments in favor of the … TTIP negotiations between the US and the EU and it suggests a broader analytical link between trade, FDI, innovation …
Persistent link: https://www.econbiz.de/10010409773
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Cross-sectional heterogeneity in price-cost margins and the extent of rent sharing at the sector and firm level in France
Dobbelaere, Sabien (contributor);  … - 2005
This paper studies cross-sectional heterogeneity in price-cost margins and the extent of rent sharing among 48 sectors and 10738 (mainly manufacturing) firms in France. At the sectoral level, the average price-cost mark-up and the average extent of rent sharing amount to 1.701 and 0.368...
Persistent link: https://www.econbiz.de/10003227220
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Labor market power and development
Armangué-Jubert, Tristany; Guner, Nezih; Ruggieri, … - 2023
Imperfect competition in labor markets can lead to efficiency losses and lower aggregate output. In this paper, we study whether differences in competitiveness of labor markets can help explain differences in GDP per capita across countries. We structurally estimate a model of oligopsony with...
Persistent link: https://www.econbiz.de/10014394242
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Product market reforms and unemployment in Europe
Gersbach, Hans; Schniewind, Achim - 2001
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms...
Persistent link: https://www.econbiz.de/10011391687
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The distribution of well-being among Europeans
Brandolini, Andrea; Rosolia, Alfonso - 2019
We analyse the evolution of EU citizens' living standards, considering the EU as a single country. Average living standards have improved considerably as the European integration process has unfolded. EU28 income inequality has steadily declined, mostly as a result of the macroeconomic...
Persistent link: https://www.econbiz.de/10012015871