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The European Commission's new NAIRU : does it deliver?
Gechert, Sebastian; Rietzler, Katja; Tober, Silke - 2014
of Spain from 26.6% to 20.7% for 2015. To test the dependence of the new NAIRU on unemployment versus structural factors …, we run counterfactual simulations applying one-standard deviation shocks to actual unemployment and to the structural … unemployment. This calls in question both the interpretation of potential output estimates as barriers to more vigorous inflation …
Persistent link: https://www.econbiz.de/10010458229
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Driving forces behind the sectoral wage costs differentials in Europe
Logeay, Camille; Stephan, Sabine; Zwiener, Rudolf - 2011
Im Jahr 2004 begann Eurostat für alle Mitgliedsländer der Europäischen Union harmonisierte Zahlen zu den Arbeitskosten je Stunde zu veröffentlichen. Damit sind zum ersten Mal international vergleichbare Daten über einen längeren Zeitraum (ab 1995) verfügbar, die Ländervergleiche und...
Persistent link: https://www.econbiz.de/10009530389
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Disequilibrium macroeconomic dynamics, income distribution and wage-price Phillips curves : evidence from the US and the euro area
Proaño Acosta, Christian; Flaschel, Peter; Ernst, Ekkehard - 2006
The authors of this paper formulate a disequilibrium AS-AD model based on sticky wages and prices, perfect foresight of current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model consists of a wage and a price Phillips curves, a...
Persistent link: https://www.econbiz.de/10003744531
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Indirect jobs in activities related to coal, peat and oil shale : A RHOMOLO-IO analysis on the EU regions
Mandras, Giovanni; Salotti, Simone - 2021
The European Commission is working in order to ensure a smooth transition to cleaner forms of energy production away from fossil fuels in order to meet the EU objective of reaching climate neutrality by 2050. The Just Transition Mechanism was launched to manage this transition, under the...
Persistent link: https://www.econbiz.de/10012797912
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Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement
Hein, Eckhard; Truger, Achim - 2006
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
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Hysteresis and NAIRU in the Euro area
Logeay, Camille; Tober, Silke - 2005 - This version: July 2005
actual unemployment and long-term unemployment is estimated and found to be significant for the Euro Area and Germany …
Persistent link: https://www.econbiz.de/10003744523