Showing 1 - 10 of 598
This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run relationships, interpreted as a labor demand and a wage...
Persistent link: https://www.econbiz.de/10011446670
This paper presents a methodology to identify net demand shocks as well as wage rigidities in heterogeneous labor markets on the basis of nonparametric regression. We show how this approach can be used to make suggestions for immigration policy in economies with labor market rigidities. In an...
Persistent link: https://www.econbiz.de/10011447106
This paper assesses the consequences of EU enlargement for East West migration. In the theoretical part, we identify … several factors in addition to the reduction of moving costs by which EU membership influences migration. Specifically, EU … increased current migration. Additionally, casual evidence from the 1980s EU South enlargement is examined. Since then no …
Persistent link: https://www.econbiz.de/10011443914
The paper attempts to provide an appropriate model specification for identifying technology and other macroeconomic shocks in a structural VAR framework. The investigation is conducted based on two seminal structural VAR studies by Gali (1999) and King et al. (1991). The models of these studies...
Persistent link: https://www.econbiz.de/10003634805
country are identified, and the corresponding shock propagation channels are computed. We establish the statistical properties … of the cyclical fluctuations and investigate the role of each structural common and country-specific shock in the …
Persistent link: https://www.econbiz.de/10003824053
In an influential recent paper, Beaudry and Portier (2006) propose a sequential approach for identifying technological news shocks. Thereby, the correlation coefficient between news shocks of a short-run identification scheme and technology shocks of a long-run identification scheme in the VAR...
Persistent link: https://www.econbiz.de/10010225546
investigate (i) the extent to thich two prominent structural VAR approaches can be usefull in recuperating news shock dynamics …
Persistent link: https://www.econbiz.de/10010225547
worked to a shock to technology on the basis of the real business cycle model. Irrespective of the problem being addressed …. 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 …
Persistent link: https://www.econbiz.de/10003314703
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 …
Persistent link: https://www.econbiz.de/10003989026
problems, is overcome by adopting a Bayesian Model Averaging approach. I apply this method to a panel data set that covers 17 … applying an instrumental variable estimation approach. -- Unemployment ; institutions ; labor and product markets ; model …
Persistent link: https://www.econbiz.de/10008652532