. For these purposes, panel unit root tests are employed to improve power against univariate counterparts. Since cross … section correlation is a distinct feature of the underlying panel data, results are based on various second generation panel …

Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however … problems, is overcome by adopting a Bayesian Model Averaging approach. I apply this method to a panel data set that covers 17 … indicators are identified as significant determinants of unemployment. Endogeneity due to reverse causality is also considered by …

We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed …-term unemployment and find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, 5 …

This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment … occurrence of shocks and hysteresis effects, the (mis-)measurement of important variables such as in ation expectations …

panel random coefficient model, we show that financial experts have systematically misperceived the ECB's interest rate rule …. -- Central bank communication ; Interest rate forecasts ; Survey expectations ; Panel random coefficient model …

as well as pooled mean group and mean group estimators, the latter in a dynamic heterogeneous panel framework. We find … share ; dynamic heterogeneous panel models …

This paper is concerned with fiscal externalities arising from local taxation of a mobile factor. Using a panel of more …