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Constant, Amelie (contributor); D'Agosto, Elena (contributor) - 2008

Persistent link: https://www.econbiz.de/10003651002

Hysteresis and persistence in the course of unemployment : the EU and US experience

Dreger, Christian (contributor); … - 2006

We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by …. Hysteresis in EU unemployment is attributed to the idiosyncratic, but not to the common component. In contrast, idiosyncratic … component. These findings might reflect a lower degree of migration of the unemployed in the EU from starving into prosperous …

Persistent link: https://www.econbiz.de/10003304447

On the role of stock market for real economic activity : evidence for Europe

Siliverstovs, Boriss (contributor); … - 2006

In this study we have addressed the relationship between the stock market, the measure of real economic activity (represented by the real GDP), the economic sentiment indicator, and real interest rate for the five European countries: Germany, France, Italy, the Netherlands, and the UK. We find...

Persistent link: https://www.econbiz.de/10003338244

How does EU enlargement affect social cohesion?

Keck, Wolfgang (contributor); Krause, Peter (contributor) - 2006

focus is on the two core life domains that are currently taking center stage in EU policy debates: (1) employment and …. With the enlargement the situation becomes more diverse in the enlarged EU. In particular the postsocialist countries have … to make great efforts to catch up with their EU counterparts. We can identify three emerging clusters of countries that …

Persistent link: https://www.econbiz.de/10003338256

The dynamics of European inflation expectations

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - 2006

We investigate the relevance of the Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation expectations we argue that the model adequately captures the...

Persistent link: https://www.econbiz.de/10003315624

Migration in an enlarged EU : a challenging solution?

Kahanec, Martin (contributor); … - 2008

analysis of the available literature and empirical evidence shows that (i) EU enlargement had a significant impact on migration … hard to detect, (iv) post-enlargement migration contributes to growth prospects of the EU, (v) these immigrants are … out the difficulties that restrictions on the free movement of workers bring about. -- Migration ; migration effects ; EU …

Persistent link: https://www.econbiz.de/10003793104

Common and spatial drivers in regional business cycles

Artis, Michael J.; Dreger, Christian; Cholodilin, … - 2009

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model with spatial correlation indicate that the relevance of common business cycle factors is rather stable over the past two decades in the euro area and the US. Ongoing business...

Persistent link: https://www.econbiz.de/10003807457

Liquidity and asset prices : how strong are the linkages?

Dreger, Christian; Wolters, Jürgen - 2009

The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the...

Persistent link: https://www.econbiz.de/10003807460

Trade specialisation and economic convergence : evidence from two eastern European countries

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2009

-à-vis the core EU member states (EU-15) over the period 1990-2006. Specifically, we focus on whether there is a shift towards …

Persistent link: https://www.econbiz.de/10003824097

The importance of global shocks for national policymakers : rising challenges for central banks

Belke, Ansgar; Rees, Andreas - 2009

We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...

Persistent link: https://www.econbiz.de/10003879570