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Robots worldwide : the impact of automation on employment and trade

Carbonero, Francesco; Ernst, Ekkehard; Weber, Enzo - 2020

, finding that robots in developed countries decrease off-shoring just as employment in emerging economies. …The impact of robots on employment and trade is a highly discussed topic in the academic and public debates … advantage. We provide evidence on the effects of robots on worldwide employment, including emerging economies. To instrument the …

Persistent link: https://www.econbiz.de/10012431525

Robots worldwide: the impact of automation on employment and trade

Carbonero, Francesco; Ernst, Ekkehard; Weber, Enzo - 2020

, finding that robots in developed countries decrease offshoring just as employment in emerging economies. …The impact of robots on employment and trade is a highly discussed topic in the academic And public debates … advantage. We provide evidence on the effects of robots on worldwide employment, including emerging economies. To instrument the …

Persistent link: https://www.econbiz.de/10012175271

The impact of institutions on the employment performance in European labour markets

Buscher, Herbert S.; Dreger, Christian; Ramos, Raúl; … - 2005

. Labour demand is expressed by its structural parameters, such as the elasticities of employment to output and factor prices …. Institutional variables include employment protection legislation, the structure of wage bargaining, measures describing the tax and … transfer system and active labour market policies. As cointegration between employment, output and factor prices is detected …

Persistent link: https://www.econbiz.de/10003085749

What happened to the transatlantic capital market relations?

Weber, Enzo (contributor) - 2007

This paper investigates the capital market relations between Euroland and the USA from 1990 until 2006. Formally based …

Persistent link: https://www.econbiz.de/10003633549

Who leads financial markets?

Weber, Enzo (contributor) - 2007

The present paper embarks on an analysis of interactions between the US and Euroland in the capital, foreign exchange, money and stock markets from 1994 until 2006. Considering influences on financial market volatility, the estimations are carried out in multivariate EGARCH models using...

Persistent link: https://www.econbiz.de/10003633556

Simultaneous causality in international trade

Weber, Enzo (contributor) - 2007

This paper proposes estimating causalities in bilateral international trade in simultaneous systems, including domestic and foreign GDP as well as mutual trade flows. Conventional macroeconomic theory mainly follows partial approaches like import functions or exportled growth. Focusing on the US...

Persistent link: https://www.econbiz.de/10003633581

International transmission and monetary policy cooperation

Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - 2008

We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...

Persistent link: https://www.econbiz.de/10003636288

British interest rate convergence between the US and Europe : a recursive cointegration analysis

Weber, Enzo (contributor) - 2006

This paper addresses the question of the British state of convergence towards the Euro area, compared to the USA …

Persistent link: https://www.econbiz.de/10003324208

Hysteresis and persistence in the course of unemployment : the EU and US experience

Dreger, Christian (contributor); … - 2006

We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by means of first and second generation panel unit root tests. While the former tests assume independent cross sections, the latter control for dependencies. The first generation tests...

Persistent link: https://www.econbiz.de/10003304447

Common and spatial drivers in regional business cycles

Artis, Michael J.; Dreger, Christian; Cholodilin, … - 2009

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model with spatial correlation indicate that the relevance of common business cycle factors is rather stable over the past two decades in the euro area and the US. Ongoing business...

Persistent link: https://www.econbiz.de/10003807457