Showing 1 - 10 of 63
This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...
Persistent link: https://www.econbiz.de/10013323904
This paper analyses differences in employment volatility in foreign-owned and domestic companies using firm-level data … from 24 European countries. The presence of foreign-owned companies may lead to higher employment volatility because … more exposed to external shocks. We assess the conditional employment volatility of firms with foreign and domestic owners …
Persistent link: https://www.econbiz.de/10013051164
We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We … results point to a negative effect of downward wage rigidities on employment at the firm level …
Persistent link: https://www.econbiz.de/10012945757
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …
Persistent link: https://www.econbiz.de/10012831402
This paper describes a machine learning technique to timely identify cases of individual bank financial distress. Our work represents the first attempt in the literature to develop an early warning system specifically for small European banks. We employ a machine learning technique, and build a...
Persistent link: https://www.econbiz.de/10012857756
We investigate the effect of sovereign stress and of unconventional monetary policy on small firms' financing patterns during the euro area debt crisis. We find that after the crisis started, firms in stressed countries were more likely to be credit rationed, both in the quantity and in the...
Persistent link: https://www.econbiz.de/10013019629
The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across both countries and firm types. This dispersion was an important manifestation of the "financial fragmentation" which hampered the smooth transmission of accommodative monetary...
Persistent link: https://www.econbiz.de/10012949926
Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals' earnings in 31 …
Persistent link: https://www.econbiz.de/10013317360
Increasing fragmentation of production across borders is changing the nature of international competition. As a result, conventional indicators of competitiveness based on gross exports become less informative and new measures are needed. In this paper we propose an ex-post accounting framework...
Persistent link: https://www.econbiz.de/10013072991
protection laws. In contrast to the findings for employment, we find little evidence for a relationship between wages and … 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 …
Persistent link: https://www.econbiz.de/10014346583