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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

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

Unions, wage setting and monetary policy uncertainty

Grüner, Hans Peter (contributor); Hayo, Bernd (contributor) - 2005

Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...

Persistent link: https://www.econbiz.de/10003014303

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

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

New Keynesian versus old Keynesian government spending multipliers

Cogan, John F.; Cwik, Tobias; Taylor, John B. - 2009

estimated stimulus is extremely small with GDP and employment effects only onesixth as large. -- Fiscal multiplier ; New …

Persistent link: https://www.econbiz.de/10003963764

Monetary policy, housing booms and financial (im)balances

Eickmeier, Sandra; Hofmann, Boris - 2010

This paper uses a factor-augmented vector autoregressive model (FAVAR) estimated on U.S. data in order to analyze monetary transmission via private sector balance sheets, credit risk spreads and asset markets in an integrated setup and to explore the role of monetary policy in the three...

Persistent link: https://www.econbiz.de/10003972695

Relative house price dynamics across euro area and US cities: convergence or divergence?

Hiebert, Paul; Roma, Moreno - 2010

This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries compared with those in the United States. Using available city-level data over the period 1987-2008, it tests for price convergence and analyses key factors explaining price...

Persistent link: https://www.econbiz.de/10003973532