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Intra- and extra-euro area import demand for manufactures

Anderton, Robert; Baltagi, Badi H.; Skudelny, Frauke; … - 2005

and across equations. We find that there are significant substitution effects between intra- and extra-euro area imports … volatility and leads to substitution of trade away from higher-volatility regions towards lower-volatility regions. …

Persistent link: https://www.econbiz.de/10011604578

Substitution between domestic and foreign currency loans in Central Europe. Do central banks matter?

Brzoza-Brzezina, Michał; Chmielewski, Tomasz; … - 2010

significant and probably strong substitution between these loans. Restrictive monetary policy leads to a decrease in domestic …

Persistent link: https://www.econbiz.de/10011605233

The effect of monetary policy on inflation heterogeneity along the income distribution

Ampudia, Miguel; Ehrmann, Michael; Strasser, Georg - 2023

This paper studies the effect of monetary policy on inflation along the income distribution in several euro area countries. It shows that monetary policy has differential effects and identifies two channels which point in opposite directions. On the one hand, different consumption shares imply...

Persistent link: https://www.econbiz.de/10014543661

Inflation heterogeneity across households

Kiss, Regina; Strasser, Georg - 2024

household behaviour, a significant and time-varying inflation difference between income groups emerges. Substitution is strongly … behaviour-driven and largely detached from the relative price. The dispersion of the household-level elasticity of substitution … does not fully account for the heterogeneity of substitution behaviour. Substitution does not reduce the dispersion of …

Persistent link: https://www.econbiz.de/10014543685

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

The Margins of Labour Cost Adjustment : Survey Evidence from European Firms

Babecký, Jan - 2009

Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. We broaden the analysis beyond downward rigidity in base wages by investigating the use of other margins of labour cost adjustment at the firm level. Using data...

Persistent link: https://www.econbiz.de/10013155116

The Link between Labor Cost and Price Inflation in the Euro Area

Bobeica, Elena - 2019

This paper documents, for the first time in a systematic manner, the link between labor cost and price inflation in the euro area. Using country and sector quarterly data over the period 1985Q1-2018Q1 we find a strong link between labor cost and price inflation in the four major economies of the...

Persistent link: https://www.econbiz.de/10012893508

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Shocks and Labour Cost Adjustment : Evidence from a Survey of European Firms

Mathä, Thomas Y. - 2019

We use firm-level survey data from 25 EU countries to analyse how firms adjust their labour costs (employment, wages and hours) in response to shocks. We develop a theoretical model to understand how firms choose between different ways to adjust their labour costs. The basic intuition is that...

Persistent link: https://www.econbiz.de/10012871877

Costs, Demand, and Producer Price Changes

Sevestre, Patrick - 2010

We estimate an ordered probit model in order to explain the occurrence and magnitude of producer price changes in the French manufacturing sector. We use data consisting essentially of the Banque de France monthly business surveys, pooled over the years 1998-2005. Our results show that changes...

Persistent link: https://www.econbiz.de/10013144849

Labour Cost and Employment Across Euro Area Countries and Sectors

Pierluigi, Beatrice; Roma, Moreno - 2021

This paper studies the role of wage moderation and labour and product market regulation for employment creation. To this end, labour demand estimates are presented for the five largest euro area countries at the aggregate level and for three macro sectors: manufacturing, construction and...

Persistent link: https://www.econbiz.de/10013316513