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A narrative database of labour market reforms in euro area economies
Aumond, Romain; Di Tommaso, Valerio; Rünstler, Gerhard - 2022
protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of …
Persistent link: https://www.econbiz.de/10013168212
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The macroeconomic impact of euro area labour market reforms : evidence from a narrative panel VAR
Rünstler, Gerhard - 2021
Using new quarterly narrative evidence, this paper examines the macroeconomic impact of reforms of unemployment …
Persistent link: https://www.econbiz.de/10012627869
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Macroeconomic stabilisation properties of a euro area unemployment insurance scheme
Kaufmann, Christoph; Attinasi, Maria Grazia; … - 2020
supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …
Persistent link: https://www.econbiz.de/10012241162
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A methodology for automatised outlier detection in high-dimensional datasets : an application to euro area banks' supervisory data
Farnè, Matteo; Vouldis, Angelos T. - 2018
Outlier detection in high-dimensional datasets poses new challenges that have not been investigated in the literature. In this paper, we present an integrated methodology for the identification of outliers which is suitable for datasets with higher number of variables than observations. Our...
Persistent link: https://www.econbiz.de/10011881086
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Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach
Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2018
We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...
Persistent link: https://www.econbiz.de/10011792134
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What’s going on behind the euro area Beveridge curve(s)?
Bonthuis, Boele; Jarvis, Valerie; Vanhala, Juuso - 2013
Persistent link: https://www.econbiz.de/10010195425
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Disaggregating Okun's law : decomposing the impact of the expenditure components of GDP on euro area unemployment ; 2012 structural issues report
Anderton, Bob; Aranki, Ted; Bonthuis, Boele; Jarvis, Valerie - 2014
Persistent link: https://www.econbiz.de/10010482489
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Consumption effects of job loss expectations : new evidence for the euro area
Silva, António Dias da; Rusinova, Desislava; Weißler, … - 2023
lower levels of liquid wealth. This supports the notion that the persistence of the unemployment shock is an important …
Persistent link: https://www.econbiz.de/10014315230
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Temporary shocks and unavoidable transitions to a high-unemployment regime
Den Haan, Wouter J. - 2003
This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …
Persistent link: https://www.econbiz.de/10009635968
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Tracking growth in the euro area subject to a dimensionality problem
Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2021
We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging task due to dimensionality problems: a large set of potential determinants, limited data, and the prospect that some variables could be non-stationary. We assemble a set of 35...
Persistent link: https://www.econbiz.de/10012625874