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Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find evidence in favour of a stable long run money demand function. The equation appears to be increasingly unstable if more recent data are used. If the link between money balances and...
Persistent link: https://www.econbiz.de/10003726115
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
This paper shows that the measurement of hand grip strength provides a non-invasive and reliable objective health indicator for social science research and is easy to collect in general population surveys. Grip strength is not only a useful complement of self-reported indicators of health, but...
Persistent link: https://www.econbiz.de/10003315463
Using micro panel data, labor market transitions are analyzed for the EU-member states by cumulative year … analyses mainly refer to female labor supply. In search for important determinants of these transitions, six EU-countries with …
Persistent link: https://www.econbiz.de/10003346298
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
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
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
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
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
The European Union made a number of steps not least of them the introduction of a common currency to foster the integration of the European financial markets. A number of papers have tried to gauge the degree of integration for various financial markets looking at the convergence of interest...
Persistent link: https://www.econbiz.de/10003818738