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Persistent link: https://www.econbiz.de/10010210583
This paper relates the size of the cyclical inflation differentials, currently observed for euro area countries, to the differences in labor market institutions across the same set of countries. It does that by using a DSGE model for a currency area with sticky prices and labor market frictions....
Persistent link: https://www.econbiz.de/10003320758
We study the convergence properties of inflation rates among the countries of the European Monetary Union over the period 1980-2004. Given the Maastricht agreements and the adoption of the single currency, the sample can be naturally split into two parts, before and after the birth of the euro....
Persistent link: https://www.econbiz.de/10003250374
Monetary policy in the euro area is conducted within a multi-country, multicultural, and multi-lingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand and to anticipate monetary policy by the ECB? Using a...
Persistent link: https://www.econbiz.de/10003250445
Union. We employ a model where regional inflation dynamics are explained by common euro area and country specific factors as … well as an idiosyncratic regional component. Our findings indicate a substantial common area wide component, that can be … taken place before the mid 90s. Analysing US regional inflation developments yields similar results regarding the relevance …
Persistent link: https://www.econbiz.de/10003396460
Persistent link: https://www.econbiz.de/10001702814
policy across euro area regions. By exploiting a novel regional dataset on housing-related variables, a structural panel VAR … regional inequality via its stimulus to the economy. …
Persistent link: https://www.econbiz.de/10013448726
This paper focuses on the euro area wage structure and its potential determinants from a sectoral viewpoint. Merging information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross-country panel of 22 industries in 8 euro area countries for...
Persistent link: https://www.econbiz.de/10003832004
This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...
Persistent link: https://www.econbiz.de/10003972857
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