of individual countries; (iv) expected real GDP growth, political cycles and the strength of fiscal rules also contribute …

of individual countries; (iv) expected real GDP growth, political cycles and the strength of fiscal rules also contribute …

adjustment costs and indivisibility of labor in the employment stickiness of manufacturing firms with less than 75 employees …. When small firms have to adjust employment in units of at least one employee, indivisibility becomes an important source of … explains around 50% of the stickiness of employment, adjustment costs explain the other 50%. …

sector employment and wages on the labour market, particularly on private sector wages. Our empirical evidence shows that the … growth of public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover …

Euro area labour market variables are published with a considerable lag, longer than in the case of real GDP. We … 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 …

investment although rentals for owner occupied households is imputed into GDP. We argue that households de facto treat the … consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting …

area GDP (at current prices) between 0.16 and 0.27 percent. …

a significant and long-lasting negative impact on real GDP following an exogenous shock to the banking sector’s write …