Similar Search Results

Can adjustment costs explain the variability and counter-cyclicality of the labour share at the firm and aggregate level?

Vermeulen, Philip - 2007

This paper shows that adjustment costs modelled as firing costs of moderate size go a long way in explaining the variability and counter-cyclicality of the labour share at the firm and aggregate level. Firing costs cause firms to hire less in recessions and hire less in booms causing wage costs...

Persistent link: https://www.econbiz.de/10011604818

Price, wage and employment response to shocks: evidence from the WDN survey

Bertola, Giuseppe; Dabusinskas, Aurelijus; Hoeberichts, … - 2010

This paper analyses information from survey data collected in the framework of the Eurosystem’s Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in...

Persistent link: https://www.econbiz.de/10011605210

A Framework for Assessing the Costs of Pension Reform Reversals

Baksa, Daniel - 2020

Several European countries are currently considering reversing parts of their pension reforms that were adopted previously to improve sustainability. In this paper we present a framework that allows us to quantify the macroeconomic and fiscal costs of such reversals. We thereby integrate the...

Persistent link: https://www.econbiz.de/10012836379

Price, Wage and Employment Response to Shocks : Evidence from the WDN Survey

Bertola, Giuseppe - 2011

This paper analyses information from survey data collected in the framework of the Eurosystem's Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response...

Persistent link: https://www.econbiz.de/10013133770

Can Adjustment Costs Explain the Variability and Counter-Cyclicality of the Labour Share at the Firm and Aggregate Level?

Vermeulen, Philip - 2021

This paper shows that adjustment costs modelled as firing costs of moderate size go a long way in explaining the variability and counter-cyclicality of the labour share at the firm and aggregate level. Firing costs cause firms to fire less in recessions and hire less in booms causing wage costs...

Persistent link: https://www.econbiz.de/10013317041

Bank mergers, competition and liquidity

Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003

Persistent link: https://www.econbiz.de/10011604338

Organized crime and banks: Assessing the effects of anti-mafia police actions on lending

Buchetti, Bruno; Fabrizi, Michele; Ipino, Elisabetta; … - 2025

667 such firms and loan-level data from the European Central Bank, our analysis shows that anti-Mafia operations precede … an increase in bank loans to businesses that operate in areas that are directly affected by these actions. Specifically …, overall loan volumes increase by approximately 0.8 percent, which translates to an increase of €1.38 billion in bank loans to …

Persistent link: https://www.econbiz.de/10015432198

The expert's edge? Bank lending specialization and informational advantages for credit risk assessment

Simoens, Mathieu; Tamburrini, Fabio - 2025

We examine whether loan portfolio sectoral specialization provides informational advantages to banks, enabling better credit risk assessment. Using euro area credit register data, we compare probabilities of default assigned by specialized and non-specialized banks to the same borrowing firm...

Persistent link: https://www.econbiz.de/10015432215

Mergers and acquisitions and bank performance in Europe: the role of strategic similarities

Altunbas, Yener; Marqués-Ibáñez, David - 2004

-merger financial performance. We find that, on average, bank mergers in the European Union resulted in improved return on capital. By …

Persistent link: https://www.econbiz.de/10011604444

Banking system stability: a cross-Atlantic perspective

Hartmann, Philipp; Straetmans, Stefan; de Vries, Casper - 2005

assess the relative importance of cross-border bank spillovers as compared to domestic bank spillovers. The results suggest …

Persistent link: https://www.econbiz.de/10011604573