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national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but …. Fifth, our survey evidence suggests that elevated uncertainty is exerting only mild restraint on capital investment plans …
Persistent link: https://www.econbiz.de/10013406440
We quantify and study state-level economic policy uncertainty. Tapping digital archives for nearly 3,500 local newspapers, we construct three monthly indexes for each state: one that captures state and local sources of policy uncertainty (ΕPU-S), one that captures national and international...
Persistent link: https://www.econbiz.de/10014083791
This paper provides new evidence for the evolution of regional unemployment rates in Spain over the 1980-2000 period … techniques, we estimate a structural labour market model for each group and evaluate the unemployment contributions of investment …
Persistent link: https://www.econbiz.de/10013141696
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10013236401
A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers … the U.S. Census Bureau for approximately 25,000 manufacturing plants. We find three key results. First, investment is … associated with about a 6% reduction in investment. Second, uncertainty is also negatively related to employment growth and …
Persistent link: https://www.econbiz.de/10014240723
This paper analyses the labour markets of Spain and Ireland, which have experienced a severe downturn in the recent … global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and …
Persistent link: https://www.econbiz.de/10013124467
The evolution of Spanish unemployment has been quite idiosyncratic. The full employment levels of the early seventies were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price shocks. While unemployment was extremely persistent in most...
Persistent link: https://www.econbiz.de/10013324958
financial markets work, and stress the vital need of preventing financial devices that result in productive investment crowding-out …
Persistent link: https://www.econbiz.de/10013084673
Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and building prices. European countries, especially France,...
Persistent link: https://www.econbiz.de/10013086230
level, raises the amount of investment per worker in the economy compared to a one-tier bargaining scheme, in which earnings … investment per worker and the presence of a two-tier bargaining agreement that we find in a representative sample of Italian …
Persistent link: https://www.econbiz.de/10012906465