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A narrative database of labour market reforms in euro area economies
Aumond, Romain; Di Tommaso, Valerio; Rünstler, Gerhard - 2022
We present a quarterly narrative database of important labour market reforms in selected euro area economies in between …
Persistent link: https://www.econbiz.de/10013168212
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Effects of labour and product market regulation on worker flows : evidence for the euro area using micro data
Anderton, Bob; Di Lupidio, Benedetta - 2019
from the Eurostat Labour Force Survey to investigate whether a similar change can be found at the micro level. We estimate … significant reforms during the crisis. Indicators of labour and product market rigidities provide a statistically significant …
Persistent link: https://www.econbiz.de/10012059053
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What are the main obstacles to hiringafter recessions in Europe?
Savšek, Simon - 2018
labour laws. While negative (firm-level) demand and finance shocks negatively affect firms' perceptions of obstacles to … are high uncertainty, shortage of skilled labour, high payroll taxes, high wages and the risks associated with changes to … hiring, labour market structures and firms'/employees' characteristics are also found significant. In particular, our …
Persistent link: https://www.econbiz.de/10011856489
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Monetary policy and stock market boom-bust cycles
Christiano, Lawrence J.; Ilut, Cosmin; Motto, Roberto - 2008
We explore the dynamic effects of news about a future technology improvement which turns out ex post to be overoptimistic. We find that it is difficult to generate a boom-bust cycle (a period in which stock prices, consumption, investment and employment all rise and then crash) in response to...
Persistent link: https://www.econbiz.de/10003803289
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Identifying the role of labor markets for monetary policy in an estimated DSGE model
Christoffel, Kai (contributor); Kuester, Keith (contributor) - 2006
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...
Persistent link: https://www.econbiz.de/10003337206
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Real wages over the business cycle : OECD evidence from the time and frequency domains
Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2009
influence the adjustment of both quantities and prices in the labour market. -- Real wages ; business cycle ; dynamic … correlation ; labour market institutions …
Persistent link: https://www.econbiz.de/10003831747
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Understanding inter-industry wage structures in the euro area
Genre, Véronique; Kohn, Karsten; Momferatou, Daphne - 2009
information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross … literature. -- Euro area ; inter-industry wage differentials ; panel estimation ; firm and workforce characteristics ; labour …
Persistent link: https://www.econbiz.de/10003832004
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The role of labor markets for euro area monetary policy
Christoffel, Kai; Küster, Keith; Linzert, Tobias - 2009
In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible labor market would alter the business cycle behaviour...
Persistent link: https://www.econbiz.de/10003832582
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Price, wage and employment response to shocks : evidence from the WDN survey
Bertola, Giuseppe; Dabusinskas, Aurelijus; Hoeberichts, … - 2010
collective wage agreements tend to make this pass-through stronger. - Wage bargaining ; Labour-market institutions ; Survey data …
Persistent link: https://www.econbiz.de/10003971260
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Downward nominal wage rigidity in the OECD
Holden, Steinar (contributor);  … - 2007
Recent micro studies have documented extensive downward nominal wage rigidity (dnwr) for job stayers in many oecd countries, but the effect on aggregate variables remains disputed. Using data for hourly nominal wages, we explore the existence of dnwr on wages at the industry level in 19 oecd...
Persistent link: https://www.econbiz.de/10003507042