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The Role of Labor Markets for Euro Area Monetary Policy

Christoffel, Kai - 2009

In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible labor market would alter the business cycle behaviour...

Persistent link: https://www.econbiz.de/10012764518

The Effects of Emu on Structural Reforms in Labour and Product Markets

Duval, Romain - 2006

Will EMU accelerate or retard structural reform in labour and product markets? The theoretical literature is ambiguous … in five specific areas of labour and product market policies. Based on pooled cross-country/time series Probit …

Persistent link: https://www.econbiz.de/10012780843

A Narrative Database of Labour Market Reforms in Euro Area Economies

Aumond, Romain; Di Tommaso, Valerio; Rünstler, Gerhard - 2022

We present a quarterly narrative database of important labour market reforms in selected euro area economies in between …

Persistent link: https://www.econbiz.de/10013296525

Labour at Risk

Botelho, Vasco; Foroni, Claudia; Renzetti, Andrea - 2023

We propose a Bayesian VAR model with stochastic volatility and time varying skewness to estimate the degree of labour … risks have been contained by the resilient performance of the labour market in both areas. The degree of labour at risk is …

Persistent link: https://www.econbiz.de/10014352662

Monetary Policy and Stock Market Boom-Bust Cycles

Christiano, Lawrence J.; Ilut, Cosmin L.; Motto, Roberto; … - 2021

We explore the dynamic effects of news about a future technology improvement which turns out ex post to be overoptimistic. We find that it is difficult to generate a boom-bust cycle (a period in which stock prices, consumption, investment and employment all rise and then crash) in response to...

Persistent link: https://www.econbiz.de/10013316465

The Employment Consequences of SMEs’ Credit Constraints in the Wake of the Great Recession

Cornille, David - 2017

affected by a credit constraint and, in turn, to adjust their labour input downwards than pre-crisis clients of more healthy …

Persistent link: https://www.econbiz.de/10012940882

Labour market reform and the sustainability of exchange rate pegs

Castrén, Olli; Takalo, Tuomas; Wood, Geoffrey - 2004

adjustments. We formalise this notion by incorporating labour market rigidities into an “escape clause” model of currency crises … or labour markets flexible. …

Persistent link: https://www.econbiz.de/10011604452

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

Understanding Inter-Industry Wage Structures in the Euro Area

Genre, Véronique - 2009

information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross …

Persistent link: https://www.econbiz.de/10012765057

Real Wages over the Business Cycle : OECD Evidence from the Time and Frequency Domains

Messina, Julián - 2009

influence the adjustment of both quantities and prices in the labour market …

Persistent link: https://www.econbiz.de/10012765447