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Do firms provide wage insurance against shocks? : evidence from Hungary

Kátay, Gábor - 2008

. Using matched employer-employee dataset, I adopted the estimation strategy proposed by Guiso et al. (2005) to evaluate wage … response differs depending on the nature of the shock. Broadly speaking, the wage response to permanent shocks is twice as high …

Persistent link: https://www.econbiz.de/10003825822

Responses to monetary policy shocks in the east and the west of Europe : a comparison

Jarociński, Marek - 2008

the NMS, by using a Bayesian estimation that combines information across countries. The impulse responses in the NMS are …

Persistent link: https://www.econbiz.de/10003825885

Does the euro make a difference? : spatio-temporal transmission of global shocks to real effective exchange rates in an infinite VAR

Bussière, Matthieu; Chudik, Alexander; Mehl, Arnaud - 2011

dollar shock, generalised impulse response function shocks and a global shock to risk aversion. Our results show that the way … depends crucially on the nature of the shock. This result is noteworthy given the apparent divergence in competitiveness …

Persistent link: https://www.econbiz.de/10008901483

Transmission of government spending shocks in the euro area : time variation and driving forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010

This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

Persistent link: https://www.econbiz.de/10003986626

Supply, demand and monetary policy shocks in a multi-country New Keynesian Model

Dées, Stéphane; Pesaran, M. Hashem; Smith, L. Vanessa - 2010

. We discuss estimation of impulse response functions and variance decompositions in such large systems, and present … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …