New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for … the NMS, by using a Bayesian estimation that combines information across countries. The impulse responses in the NMS are …

impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … dynamic panel econometric approaches to control for heteroscedasticity, serial and spatial correlation as well as for … funds ; dynamic panel models ; spatial panel econometrics ; regional employment effects …

within the EU. - Real wage flexibility ; bargaining institutions ; central and eastern Europe ; euro area ; panel …In this paper we estimate the degree of real wage flexibility in 19 EU countries in a wage Phillips curve panel …

specific panel unit root test to investigate the meanreverting behaviour of general government expenditure and revenue ratios …. Secondly, we apply the bootstrap panel cointegration techniques that account for the time series and cross … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …

We study state dependence in the impact of monetary policy shocks over the leverage cycle for a panel of 10 euro area … countries. We use a Bayesian Threshold Panel SVAR with regime classifications based on credit and house prices cycles. We find …

advanced economies during the past 20 years. This is done by estimating fiscal reaction functions using dynamic panel …

-growth nexus in two alternative empirical set-ups: the traditional cross-county panel regressions and mean group estimations. We …