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Does uncertainty affect participation in the European Central Bank's Survey of Professional Forecasters?
López Pérez, Víctor - 2015
This paper explores how changes in macroeconomic uncertainty have affected the decision to participate in the European …. First, a time-series analysis explores if changes in measures of uncertainty over time have led to changes in aggregate … response rates. And second, a discrete-choice model for panel data is estimated to test if changes in uncertainty measures have …
Persistent link: https://www.econbiz.de/10011605852
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Does Uncertainty Affect Participation in the European Central Bank's Survey of Professional Forecasters?
López-Pérez, Víctor - 2015
This paper explores how changes in macroeconomic uncertainty have affected the decision to participate in the European …. First, a time-series analysis explores if changes in measures of uncertainty over time have led to changes in aggregate … response rates. And second, a discrete-choice model for panel data is estimated to test if changes in uncertainty measures have …
Persistent link: https://www.econbiz.de/10013020645
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Inter-Industry Wage Differentials in EU Countries : What Do Cross-Country Time Varying Data Add to the Picture?
Lamo, Ana - 2011
This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...
Persistent link: https://www.econbiz.de/10013133674
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Nominal and Real Wage Rigidities - In Theory and in Europe
Knell, Markus - 2010
In this paper I study the relation between real wage rigidity (RWR) and nominal price and wage rigidity. I show that in a standard DSGE model RWR is mainly affected by the interaction of the two nominal rigidities and not by other structural parameters. The degree of RWR is, however,...
Persistent link: https://www.econbiz.de/10013144860
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National Prices and Wage Setting in a Currency Union
Sanchez, Marcelo - 2021
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typically predicts more aggressive wage setting under monetary union. This insight has not been confirmed by the EMU experience, which has been characterised by wage moderation, thereby eliciting criticism from Posen...
Persistent link: https://www.econbiz.de/10013316374
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National prices and wage setting in a currency union
Sánchez, Marcelo - 2009
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typically predicts more aggressive wage setting under monetary union. This insight has not been confirmed by the EMU experience, which has been characterised by wage moderation, thereby eliciting criticism from Posen...
Persistent link: https://www.econbiz.de/10011605104
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Public and private sector wages interactions in a general equilibrium model
Fernàndez-de-Córdoba, Gonzalo; Pérez, Javier J.; … - 2009
This paper develops a dynamic general equilibrium model in which the public and the private sector interact in the labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly assumed exogenous rules for public wage and public employment....
Persistent link: https://www.econbiz.de/10011605145
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Learning, uncertainty and central bank activism in an economy with strategic interactions
Ellison, Martin; Valla, Natacha - 2000
uncertainty, learning and strategic interactions. We calibrate the model using G7 data and find that the presence of strategic …. An active policy designed to help learning and reduce future uncertainty creates extra volatility in inflation …
Persistent link: https://www.econbiz.de/10011604074
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The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey
Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, preferences, and, hence, spending....
Persistent link: https://www.econbiz.de/10012661627
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The COVID-19 Consumption Game-Changer : Evidence from a Large-Scale Multi-Country Survey
Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie; … - 2021
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, p references, and, hence, spending....
Persistent link: https://www.econbiz.de/10013324580