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Unemployment, hysteresis and transition
McAdam, Peter; León-Ledesma, Miguel A. - 2003
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence of … structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECs' unemployment presents features of …
Persistent link: https://www.econbiz.de/10011604280
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Firm-Level Employment, Labour Market Reforms, and Bank Distress
Stieglitz, Moritz - 2019
We explore the interaction between labour market reforms and financial frictions. Our study combines a new cross-country reform database on labour market reforms with matched firm-bank data for nine euro area countries over the period 1999 to 2013. While we find that labour market reforms are...
Persistent link: https://www.econbiz.de/10012858395
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Why Do Europeans Work Part-Time? A Cross-Country Panel Analysis
Mourre, Gilles; Buddelmeyer, Hielke; Ward-Warmedinger, … - 2021
This empirical paper seeks to determine the relative contribution of the business cycle and structural factors to the development of part-time employment in the EU-15 countries over the 1980s and 1990s, exploiting a panel of EU countries. In the short-run, the business cycle is found to exert a...
Persistent link: https://www.econbiz.de/10013316586
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Part-time work in EU countries: labour market mobility, entry and exit
Buddelmeyer, Hielke; Mourre, Gilles; Ward-Warmedinger, … - 2005
This paper looks at the role of part-time work in labour mobility for 11 European countries. We find some evidence of part-time work being used as a stepping stone into full-time employment, but for a small proportion of individuals (less than 5%). Part-time jobs are also found to be more...
Persistent link: https://www.econbiz.de/10011604506
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The Employment Consequences of SMEs’ Credit Constraints in the Wake of the Great Recession
Cornille, David - 2017
This article takes advantage of access to confidential matched bank-firm data relative to the Belgian economy to investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the wake of the Great Recession. Variability in banks'...
Persistent link: https://www.econbiz.de/10012940882
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Seasonal adjustment and the detection of business cycle phases
Matas Mir, Antonio; Osborn, Denise R - 2004
To date, there has been little investigation of the impact of seasonal adjustment on the detection of business cycle expansion and recession regimes. We study this question both analytically and through Monte Carlo simulations. Analytically, we view the occurrence of a single business cycle...
Persistent link: https://www.econbiz.de/10011604403
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Micro and macro data: a comparison of the Household Finance and Consumption Survey with financial accounts in Austria
Andreasch, Michael; Lindner, Peter - 2014
This paper compares the survey results on savings deposits and estimates on total financial assets from the Household Finance and Consumption Survey (HFCS) in Austria with administrative records from the national accounts for the household sector. The micro data newly generated through the HFCS...
Persistent link: https://www.econbiz.de/10011605718
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Economic policy uncertainty in the euro area: An unsupervised machine learning approach
Azqueta-Gavaldón, Andrés; Hirschbühl, Dominik; … - 2020
We model economic policy uncertainty (EPU) in the four largest euro area countries by applying machine learning techniques to news articles. The unsupervised machine learning algorithm used makes it possible to retrieve the individual components of overall EPU endogenously for a wide range of...
Persistent link: https://www.econbiz.de/10012389562
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Political referenda and investment: Evidence from Scotland
Azqueta-Gavaldon, Andres - 2020
We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised machine learning algorithm over the period 2008-2017, we construct three important uncertainty indices underlying reports in the Scottish news media: Scottish independence...
Persistent link: https://www.econbiz.de/10012422065
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Labour shortages and wage growth
Frohm, Erik - 2021
in 2020 than qualitative surveys or the vacancy-unemployment ratio. (2), the reason is that RLS contains a time …
Persistent link: https://www.econbiz.de/10012605272