Showing 1 - 10 of 49
This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of Sahin and others (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third...
Persistent link: https://www.econbiz.de/10013170581
We use high-frequency indicators to analyze the economic impact of COVID-19 in Europe and the United States during the early phase of the pandemic. We document that European countries and U.S. states that experienced larger outbreaks also suffered larger economic losses. We also find that the...
Persistent link: https://www.econbiz.de/10012299321
This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U.S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all three areas in that each area’s real wage responds...
Persistent link: https://www.econbiz.de/10014398207
The United Kingdom allowed workers from the ten new European Union member countries immediate access to its labor market after the accession in 2004. This paper uses a general equilibrium framework to explore the dynamic adjustment of the UK economy to the postaccession surge in immigration....
Persistent link: https://www.econbiz.de/10014400579
The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic...
Persistent link: https://www.econbiz.de/10014402508
The paper reviews key macroeconomic challenges with EU accession in Southeastern Europe (SEE). Most of the countries in the region are years away from EU accession and need substantial progress to meet the key macroeconomic criteria-the establishment of a functioning market economy and...
Persistent link: https://www.econbiz.de/10014402982
Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF''s Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help...
Persistent link: https://www.econbiz.de/10014401741
This paper examines the economic effects of policies to contain Covid-19, by extracting lessons from Sweden …'s experience during the 'Great Lockdown'. Sweden's approach was less stringent and based more on social responsibility than legal … obligations compared to European peers. First, we provide an account of Sweden's strategy and the health outcomes. Second, drawing …
Persistent link: https://www.econbiz.de/10012302076
Persistent link: https://www.econbiz.de/10010441876
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, and Sveriges Riksbank using the Flesch-Kincaid grade level, a standard readability...
Persistent link: https://www.econbiz.de/10014411635