Showing 1 - 10 of 24
The paper analyses whether communication and actual interventions in FX markets are successful in moving exchange rates over the medium- to long-run. It compares empirical evidence based on time-series analysis with that obtained from an eventstudy approach. Both the time-series approach based...
Persistent link: https://www.econbiz.de/10011604574
The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These monetary authorities exhibit somewhat different status and tasks, which reflect different historical conditions and national characteristics. However, widespread changes in central...
Persistent link: https://www.econbiz.de/10012777320
This paper presents information on wage bargaining institutions, collected using a standardised questionnaire. Our data provide information from 1995 and 2006, for four sectors of activity and the aggregate economy, considering 23 European countries, plus the US and Japan. Main findings include...
Persistent link: https://www.econbiz.de/10012768345
sector employment and wages on the labour market, particularly on private sector wages. Our empirical evidence shows that the … growth of public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover …
Persistent link: https://www.econbiz.de/10011605017
We characterize optimal monetary policy in a New Keynesian search-and-matching model where multiple-worker firms satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions reduce steady state hours per worker below the efficient...
Persistent link: https://www.econbiz.de/10011605758
This paper exploits a unique cross-country, firm-level survey to study the responses of European firms to the sharp demand and credit contraction triggered by the global Great Recession of 2009. The analysis reveals that cost reduction—particularly labour cost reduction through the adjustment...
Persistent link: https://www.econbiz.de/10011605823
credit relationships with affected banks experienced a significant decline in employment and in labor compensation relative … to firms whose credit relationships were with healthy banks. We also find that the employment effect increases, and the … wage effect decreases with firm size. The decline in employment at firms attached to affected banks appears to be more long …
Persistent link: https://www.econbiz.de/10011605866
investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the … banks. Yet, findings also indicate that employment consequences of credit shortages have been essentially detrimental for …
Persistent link: https://www.econbiz.de/10011853305
evidence on the impacts of labour market reforms, which seem to have a potential to address impediments towards employment …
Persistent link: https://www.econbiz.de/10011916857
that on average employment shares have increased in occupations more exposed to AI. This is particularly the case for … Technological Change theory. While there exists heterogeneity across countries, only very few countries show a decline in employment … pace of technology diffusion and education, but also to the level of product market regulation (competition) and employment …
Persistent link: https://www.econbiz.de/10014374775