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Do EU structural funds promote regional employment? : evidence from dynamic panel data

Mohl, Philipp; Hagen, Tobias - 2011

is directly aimed at reducing disparities in the employment sector. Against this background, the paper analyses the … impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … funds ; dynamic panel models ; spatial panel econometrics ; regional employment effects …

Persistent link: https://www.econbiz.de/10009405602

Labor supply after transition : evidence from the Czech Republic

Bičáková, Alena (contributor); … - 2008

We extend the scarce evidence on labor supply in post-transition countries by estimating the wage elasticity of labor force participation in the Czech Republic. Using the household income survey data of 2002, we find that a one-percent rise in the gross wage increases the probability of working...

Persistent link: https://www.econbiz.de/10003778446

Debt overhang and deleveraging in the US household sector : gauging the impact on consumption

Albuquerque, Bruno; Krustev, Georgi - 2015

Persistent link: https://www.econbiz.de/10011349814

Will US inflation awake from the dead? : the role of slack and non-linearities in the Phillips curve

Albuquerque, Bruno; Baumann, Ursel - Task Force on Low Inflation (LIFT) - 2017

The response of US inflation to the high levels of spare capacity during the Great Recession of 2007-09 was rather muted. At the same time, it has been argued that the short-term unemployment gap has a more prominent role in determining inflation, and either the closing of this gap or...

Persistent link: https://www.econbiz.de/10011636747

The natural rate of interest and the financial cycle

Krustev, Georgi - 2018

I extend the model of Laubach and Williams (2003) by introducing an explicit role for the financial cycle in the joint estimation of the natural rates of interest, unemployment and output, and the sustainable growth rate of the US economy. By incorporating the financial cycle - arguably an...

Persistent link: https://www.econbiz.de/10011871950

Employment and productivity growth in service and manufacturing sectors in France, Germany and the US

Wachter, Till von - 2001

Persistent link: https://www.econbiz.de/10001599423

Security fungibility and the cost of capital : evidence from global bonds

Miller, Darius P. (contributor); … - 2005

This paper examines the potential benefits of security fungibility by conducting the first comprehensive analysis of Global bonds. Unlike other debt securities, Global bonds’ fungibility allows them to be placed simultaneously in bond markets around the world; they trade, clear and settle...

Persistent link: https://www.econbiz.de/10002811369

Cross-border diversification in bank asset portfolios

Buch, Claudia M. (contributor); … - 2005

Taking the mean-variance portfolio model as a benchmark, we compute the optimally diversified portfolio for banks located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We compare these optimal portfolios to the actual cross-border assets of banks...

Persistent link: https://www.econbiz.de/10002812657

Transparency, disclosure and the federal reserve

Ehrmann, Michael (contributor); … - 2005

This paper assesses the change in Federal Reserve policy introduced in 1999, with the publication of statements about the outlook for monetary policy (and later about the balance of risks) immediately after each FOMC meeting. We find that markets anticipated monetary policy decisions equally...

Persistent link: https://www.econbiz.de/10002817417

Inflation persistence in the European Union, the Euro Area, and the United States

Gadzinski, Gregory (contributor); … - 2004

Persistent link: https://www.econbiz.de/10002555506