Showing 1 - 10 of 13
Using firm-level data for Belgium over the period 1997-2005, we evaluate the elasticity of firms' labour and real …
Persistent link: https://www.econbiz.de/10011506679
This paper investigates the effects of monetary policy on firms' investment behaviour. The analysis relies on a comprehensive database of Belgian firms covering all sectors of economic activity and firms of all sizes. We proceed in two steps. First, we estimate a reduced-form investment equation...
Persistent link: https://www.econbiz.de/10011506540
In this paper we investigate how demand and output price uncertainty affect investment plans of Belgian manufacturing firms. We obtain time-varying uncertainty measures at the firm and industry level from the Belgian monthly business cycle survey and investment plans from the half-yearly...
Persistent link: https://www.econbiz.de/10011506546
We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and price...
Persistent link: https://www.econbiz.de/10011506567
This paper presents a simple model of state-dependent pricing that allows identifying the relative importance of both nominal and real factors in price rigidity. Using two rich datasets consisting of a large fraction of the price quotes used to compute the Belgian and French Consumer Price...
Persistent link: https://www.econbiz.de/10011506622
in Belgium over the period 1990-2002. Our results show that Belgium is characterised by strong real wage rigidity and …
Persistent link: https://www.econbiz.de/10011506645
net flows of employment. The analysis relies on an administrative employer-employee dataset of individual annual earnings … matched with firms' annual accounts for Belgium over the period 1997-2001. Results point to asymmetric behaviour depending on … economic conditions. On average, wage bill contractions result essentially from employment cuts in spite of wage increases …
Persistent link: https://www.econbiz.de/10011506648
) developed by Dickens and Goette (2006) and rely on a large administrative matched employer-employee dataset for Belgium over the …
Persistent link: https://www.econbiz.de/10011506676
This paper examines whether multinational companies differ in their employment adjustment from domestic firms, on the … largest fraction of net employment creation, especially among multinational firms (MNFs). We obtain structural estimates of … substitution between workers). To adjust white-collar employment seems to be around half as costly for MNFs as for domestic firms …
Persistent link: https://www.econbiz.de/10011506727
This paper revisits the "footloose" nature of multinational firms (MNFs) hypothesis. Using firm-level data for Belgium …
Persistent link: https://www.econbiz.de/10011506743