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Vulnerable Growth in the Euro Area : Measuring the Financial Conditions
Figueres, Juan Manuel - 2020
This paper examines which measures of nancial conditions are informative about the tailrisks to output growth in the euro area. The Composite Indicator of Systemic Stress (CISS)is more informative than indicators focusing on narrower segments of nancial markets ortheir simple aggregation in the...
Persistent link: https://www.econbiz.de/10012825353
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Trade in Value Added : Do We Need New Measures of Competitiveness?
Lommatzsch, Kirsten - 2016
It has been argued that the increasing importance of global value chains necessitates a modification of conventional competitiveness measures. We compile a broad dataset including value added trade, gross exports and conventional and value added based real exchange rates. To sharply focus on...
Persistent link: https://www.econbiz.de/10012985331
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Banking Sector Output Measurement in the Euro Area - A Modified Approach
Colangelo, Antonio - 2010
Banks do not charge explicit fees for many of the services they provide but the service payment is bundled with the offered interest rates. This output therefore has to be imputed using estimates of the opportunity cost of funds. We argue that rather than using the single short-term, low-risk...
Persistent link: https://www.econbiz.de/10013143332
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Do EU Structural Funds Promote Regional Employment? Evidence from Dynamic Panel Data
Mohl, Philipp - 2011
is directly aimed at reducing disparities in the employment sector. Against this background, the paper analyses the … impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 …
Persistent link: https://www.econbiz.de/10013118136
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Labour Force Participation in the Euro Area - A Cohort Based Analysis
Balleer, Almut - 2009
We use a cohort based model to analyze determinants of labour force participation for disaggregated groups of workers in the euro area and the five largest euro area countries. The model captures age and cohort effects as indicators of (unobserved) determinants of participation behaviour. We use...
Persistent link: https://www.econbiz.de/10013160420
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Asymmetric Wage Adjustment and Employment in European Firms
Marotzke, Petra - 2017
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
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Are Foreign-Owned Firms Different? Comparison of Employment Volatility and Elasticity of Labour Demand
Meriküll, Jaanika - 2014
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
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Nowcasting Employment in the Euro Area
Banbura, Marta; Belousova, Irina; Bodnár, Katalin; … - 2023
develop a suite of models to provide a more timely estimate (nowcast) of euro area quarterly employment growth based on a … timely assessment of employment developments with unemployment rates and sentiment indicators containing most of the relevant …
Persistent link: https://www.econbiz.de/10014354741
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Surprising Comparative Properties of Monetary Models : Results from a New Model Database
Taylor, John B. - 2010
In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new database of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...
Persistent link: https://www.econbiz.de/10013136676
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Interest Rate Volatility : A Consol Rate-Based Measure
Brousseau, Vincent - 2013
In this paper we propose a new methodology to estimate the volatility of interest rates in the euro area money market. In particular, our approach aims at avoiding the limitations of currently available measures, i.e. the dependency on arbitrary choices in terms of maturity and frequencies...
Persistent link: https://www.econbiz.de/10013088954