Similar Search Results

Shocks and Labour Cost Adjustment : Evidence from a Survey of European Firms

Mathä, Thomas Y. - 2019

shock (demand shock, access-to-finance shock, ‘availability of supplies' shock), but differs according to the direction of … the shock (positive or negative), its size and persistence. In 2010-13, firms responding to negative shocks were most … likely to reduce employment, then hourly wages and then hours worked, regardless of the source of the shock. Results for the …

Persistent link: https://www.econbiz.de/10012871877

Policy Spillovers and Synergies in a Monetary Union

Arce, Oscar - 2016

We provide a general equilibrium framework for analyzing the effects of supply and demand side policies, and the potential synergies between them, in an asymmetric monetary union that faces a liquidity trap and a slow deleveraging process in its 'periphery'. We find that the joint implementation...

Persistent link: https://www.econbiz.de/10012984386

Labor Adjustment and Productivity in the OECD

Dossche, Marteen; Gazzani, Andrea Giovanni; Lewis, Vivien - 2021

Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized fact, we propose a business cycle model with employment adjustment costs, variable hours and labor effort. We show that, in our model with variable effort, greater labor market...

Persistent link: https://www.econbiz.de/10013222414

The Euro's Influence Upon Trade : Rose Effect Versus Border Effect

Cafiso, Gianluca - 2009

This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the so-called “Rose Effect”, while the second is the “Border Effect”. The former measures how much a country within a currency union trades more with its partners than with...

Persistent link: https://www.econbiz.de/10013154597

Euro's Influence upon Trade : Rose Effect versus Border Effect

Cafiso, Gianluca - 2008

This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the so-called quot;Rose Effectquot;, while the second is the quot;Border Effectquot;. The former measures how much a country within a currency union trades more with its partners...

Persistent link: https://www.econbiz.de/10012770431

Can Non-Linear Real Shocks Explain the Persistence of PPP Exchange Rate Disequilibria?

Peltonen, Tuomas A. - 2011

A core stylized fact of the empirical exchange rate literature is that half-life deviations of equilibrium real exchange rates from levels implied by Purchasing Power Parity (PPP) are very persistent. Empirical efforts to explain this persistence typically proceed along two distinct paths,...

Persistent link: https://www.econbiz.de/10013134541

Market Power and Fiscal Policy in OECD Countries

Afonso, António - 2010

We compute average mark-ups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of 14 OECD countries covering the period 1970-2007, show...

Persistent link: https://www.econbiz.de/10013145150

Structural Reforms and Macroeconomic Performance in the Euro Area Countries : A Model-Based Assessment

Gomes, Sandra - 2011

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...

Persistent link: https://www.econbiz.de/10013127922

Adjusting to the Euro

Fagan, Gabriel - 2007

In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...

Persistent link: https://www.econbiz.de/10012778006

Necessity As the Mother of Invention : Monetary Policy after the Crisis

Blinder, Alan S. - 2017

We ask whether recent changes in monetary policy due to the financial crisis will be temporary or permanent. We present evidence from two surveys—one of central bank governors, the other of academic specialists. We find that central banks in crisis countries are more likely to have resorted to...

Persistent link: https://www.econbiz.de/10012958182

1
2
3
4
5
6
7
8
9
10
Next
Last