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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

Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment : Evidence for the Euro Area

Belke, Ansgar Hubertus - 2019

The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...

Persistent link: https://www.econbiz.de/10012863789

Productivity Premia for German Manufacturing Firms Exporting to the Euro-Area and Beyond : First Evidence from Robust Fixed Effects Estimations

Verardi, Vincenzo - 2010

estimates of the productivity premium of German firms exporting to the Euro-zone and beyond, controlling for unobserved time … invariant firm specific effects, and tests for self-selection of more productive firms into exporting beyond the Euro-zone. (3 … Euro-zone only is no longer much smaller that the premium of firms that export beyond the Euro-zone, too, and the premium …

Persistent link: https://www.econbiz.de/10013141754

Enlarging the EMU to the East : What Effects on Trade?

Belke, Ansgar Hubertus; Spies, Julia - 2021

The purpose of this paper is to assess the implications of the Economic and Monetary Union (EMU) accession of eight Central and Eastern European Countries (CEECs) on their share in EMU-12 imports. Overcoming biases related to endogeneity, omitted variables and sample selection, our results...

Persistent link: https://www.econbiz.de/10013325027

The Weight of the Crisis : Evidence from Newborns in Argentina

Bozzoli, Carlos - 2010

Argentina hit headlines around the world in 2002 on account of the largest debt default in history and a sudden economic collapse that generated statistics reminiscent of those from the Great Depression. In this article we focus on other consequences of the crisis that are not so obvious but...

Persistent link: https://www.econbiz.de/10013136302

Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Pesaran, M. Hashem - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...

Persistent link: https://www.econbiz.de/10013119292

Does Anti-Competitive Regulation Matter for Productivity? Evidence from European Firms

Arnold, Jens Matthias - 2011

Using firm-level data for a sample of European countries, we focus on the effects that product-market regulations have on firm-level TFP growth. We proxy regulatory burdens using the OECD indicators of sectoral non-manufacturing regulations. These allow accounting for both the direct effects of...

Persistent link: https://www.econbiz.de/10013129907

Social Spending Generosity and Income Inequality : A Dynamic Panel Approach

Niehues, Judith - 2010

This paper explores if more generous social spending polices in fact lead to less income inequality, or if redistributive outcomes are offset by behavioral disincentive effects. To account for the inherent endogeneity of social policies with regard to inequality levels, I apply the System GMM...

Persistent link: https://www.econbiz.de/10013138256

The Reservation Wage Unemployment Duration Nexus

Addison, John T. - 2010

A thorny problem in identifying the determinants of reservation wages and particularly the role of continued joblessness in their evolution is the simultaneity issue. We deploy a natural control function approach to the problem that involves conditioning elapsed duration on completed...

Persistent link: https://www.econbiz.de/10013139949

Welfare, Labor Supply and Heterogeneous Preferences : Evidence for Europe and the US

Bargain, Olivier - 2011

Following the report of the Stiglitz Commission, measuring and comparing well-being across countries has gained renewed interest. Yet, analyses that go beyond income and incorporate non-market dimensions of welfare most often rely on the assumption of identical preferences to avoid the...

Persistent link: https://www.econbiz.de/10013118277