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In search of the Euro area fiscal stance

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumption, obtain a large public consumption multiplier, a small fraction of non-Ricardian households and,...

Persistent link: https://www.econbiz.de/10011529025

Identifying the shocks behind business cycle asynchrony in Euroland

Trenkler, Carsten; Weber, Enzo - 2012

This paper investigates which shocks drive asynchrony of business cycles in the euro area. Thereby, it unites two strands of literature, those on common features and on structural VAR analysis. In particular, we show that the presence of a common cycle implies collinearity of structural impulse...

Persistent link: https://www.econbiz.de/10011489953

Asymmetric Labor Market Institutions in the Emu and the Volatility of Inflation and Unemployment Differentials

Abbritti, Mirko - 2012

and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

Persistent link: https://www.econbiz.de/10013107467

Macroeconomic Volatilities and the Labor Market : First Results from the Euro Experiment

Merkl, Christian - 2010

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … on inflation volatility, which can also be rationalized by our theoretical model …

Persistent link: https://www.econbiz.de/10013143682

Implications of macroeconomic volatility in the Euro area

Hauzenberger, Niko; Böck, Maximilian; Pfarrhofer, Michael - 2018

In this paper we estimate a Bayesian vector autoregressive model with factor stochastic volatility in the error term to assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a latent quantity during estimation. Only a limited number of...

Persistent link: https://www.econbiz.de/10011978764

Real Wage Cyclicality in the Eurozone Before and During the Great Recession : Evidence from Micro Data

Verdugo, Gregory - 2015

We study the response of real wages to the business cycle in eight major Eurozone countries before and during the Great …

Persistent link: https://www.econbiz.de/10013012041

Modelling dynamic relationships between energy prices and inflation in Euro area using wavelets

Alqaralleh, Huthaifa; Canepa, Alessandra - 2024

Persistent link: https://www.econbiz.de/10015324792

Automatic Stabilizers and Economic Crisis : US Vs. Europe

Dolls, Mathias - 2009

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Persistent link: https://www.econbiz.de/10013157746

The effectiveness of forward guidance in an estimated DSGE model for the Euro area : the role of expectations

Cardani, Roberta; Paccagnini, Alessia; Bekiros, Stelios - 2016

-VAR models. DSGE model with expectations outperforms others for inflation; while for output and short term-interest rate the DSGE …

Persistent link: https://www.econbiz.de/10011583778

Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries

Pereira, Pedro Telhado; Martins, Pedro S. - 2021

, Ireland, Netherlands, Norway, Spain, Sweden, Switzerland, UK; 3) a neutral role - Denmark and Italy; and 4) a negative impact …

Persistent link: https://www.econbiz.de/10013321313