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Service trade liberalization as a handmaiden of competitiveness in manufacturing : an industrialized or developing country issue?

Langhammer, Rolf J. (contributor) - 2006

liberalization and deregulation than the direct effect of lowering ERP in intermediate service industries for downstream … manufacturing industries which is relevant. Developed countries on the other hand enjoy a much lower level of protection in … important intermediate services like banking and telecom and thus these industries can be instrumental to help downstream …

Persistent link: https://www.econbiz.de/10003370335

Some lessons from the Japanese bubble

Siebert, Horst - 1999

In the second part of the 80s, Japan was under political pressure to expand aggregate demand. It followed suit in increasing its money supply. This caused severe inflation and the financial bubble which collapsed in 1990 resulting in capital losses and in a sizable loss of GDP. This paper draws...

Persistent link: https://www.econbiz.de/10011477065

Estimating the shape of economic crises under heterogeneity

Dovern, Jonas; Jannsen, Nils - 2009

During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....

Persistent link: https://www.econbiz.de/10003832101

The aggregate effects of long run sectoral reallocation

Reicher, Christopher Phillip - 2011

In this paper, I estimate a series of long run reallocative shocks to sectoral employment using a stochastic volatility model of sectoral employment growth for the United States from 1960 through 2011. Reallocative shocks (which primarily measure construction and technology busts) have little...

Persistent link: https://www.econbiz.de/10009232259

Do large recessions reduce output permanently?

Hosseinkouchack, Mehdi; Wolters, Maik H. - 2012

The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile autoregression unit root test we check whether shocks to real GDP...

Persistent link: https://www.econbiz.de/10009682078

Spillover effects from euro area monetary policy across the EU : a factor-augmented VAR approach

Potjagailo, Galina - 2016

I analyze spillover effects from Euro area monetary policy shocks to thirteen EU countries outside the Euro area, i.e., ten countries from Central and Eastern Europe (CEE) and three Western EU members. The analysis is based on a FAVAR model with two blocks which exploits a large cross-country...

Persistent link: https://www.econbiz.de/10011440779

Monetary union and macroeconomic stabilization

Groll, Dominik - 2014 - This version: February 14, 2014

It is conventionally held that countries are worse off by forming a monetary union when it comes to macroeconomic stabilization. However, this conventional view relies on assuming that monetary policy is conducted optimally. Relaxing the assumption of optimal monetary policy not only uncovers...

Persistent link: https://www.econbiz.de/10011415479

Financial market integration in the US : lessons for Europe?

Buch, Claudia M. - 2000

The introduction of the euro is expected to increase capital mobility in Euroland. While, as in the US, a common monetary policy is now performed, institutional structures are inherently more heterogenous. This paper argues that experience of the US with financial market integration can...

Persistent link: https://www.econbiz.de/10011472491

Labour supply and labour force participation in Europe : a discussion of some recent developments and projections

Chagny, Odile; Döpke, Jörg; Plane, Mathieu; Schmidt, … - 2001

The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...

Persistent link: https://www.econbiz.de/10011473881

Venture capital in Europe's common market : a quantitative description

Schertler, Andrea - 2001

This paper offers a quantitative description of European private equity markets and compares the recent development in these markets with the development of the US venture capital market. Moreover, the paper addresses the differences between private equity investors acting in a single national...

Persistent link: https://www.econbiz.de/10011476014