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Exchange Rates and Wages in an Integrated World
Spilimbergo, Antonio - 2009
We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between … domestic and foreign labor markets. Using data from 66 countries over the period 1981–2005, we find that the elasticity of … domestic wages to real exchange rate is 0.1 after a year for countries with high barriers to external labor mobility, but about …
Persistent link: https://www.econbiz.de/10014403912
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German bond yields and debt supply : is there a "bund premium"?
Paret, Anne-Charlotte; Weber, Anke - 2019
Are Bunds special? This paper estimates the 'Bund premium' as the difference in convenience yields between other sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and swap market frictions. A higher premium suggests less substitutability of sovereign...
Persistent link: https://www.econbiz.de/10012154614
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Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy
International Monetary Fund - 2005
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
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Cointegration of International Stock Market Indices
Chou, Ray Yeu-Tien - 1994
country stock price indices, including that of the United States, Canada, the United Kingdom, France, Germany, and Japan are …
Persistent link: https://www.econbiz.de/10014395829
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Can policies affect employment intensity of growth? : a cross-country analysis
Crivelli, Ernesto; Furceri, Davide; Toujas-Bernaté, Joël - 2012
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the period 1991 - 2009, the results suggest that structural...
Persistent link: https://www.econbiz.de/10009621620
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Elasticity Optimism
International Monetary Fund - 2009
trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates …
Persistent link: https://www.econbiz.de/10014402215
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Employment and Wages in the Public Sector : A Cross-Country Study
International Monetary Fund - 1995
We study the determinants of employment and wages in the public sector, using a new set of panel data for 34 LDCs and … countries and private employment for OECD countries). Certain measures of government wages are positively associated with …
Persistent link: https://www.econbiz.de/10014398143
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Innocent bystanders? : monetary policy and inequality in the U.S.
Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009621686
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The U.S. oil supply revolution and the global economy
Mohaddes, Kamiar; Raissi, Mehdi - 2015
This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through...
Persistent link: https://www.econbiz.de/10011445835
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Global liquidity and drivers of cross-border bank flows
Cerutti, Eugenio M.; Claessens, Stijn; Ratnovski, Lev - 2014
Persistent link: https://www.econbiz.de/10010388630