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Unit labor cost growth differentials in the Euro area, Germany, and the US : lessons from PANIC and cluster analysis

Fritsche, Ulrich; Kuzin, Vladimir - 2007

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses …

Persistent link: https://www.econbiz.de/10010426362

How bad is divergence in the Euro-zone? : lessons from the United States of America and Germany

Dullien, Sebastian; Fritsche, Ulrich - 2006 - This version: October 06

This paper compares relative unit labour cost developments in the countries of the euro-area since the beginning of the European Monetary Union (EMU) both with historical developments and with intra-regional unit labour cost developments in the United States of America and Germany. To this end,...

Persistent link: https://www.econbiz.de/10010426369

The dynamics of European inflation expectations

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - 2006

We investigate the relevance of the Carroll's sticky information model of inflation expectations for four major … European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation … expectations we argue that the model adequately captures the dynamics of household inflation expectations. We estimate two …

Persistent link: https://www.econbiz.de/10010426367

Sticky information Phillips curves : European evidence

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - 2006

professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …

Persistent link: https://www.econbiz.de/10010426368

Real-Time Information Content of Macroeconomic Data and Uncertainty: An Application to the Euro Area

Glass, Katharina; Fritsche, Ulrich - 2014

Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions of data is an important source of uncertainty about the state of the economy. This paper evaluates the quality of major real macroeconomic Euro area variables, published by...

Persistent link: https://www.econbiz.de/10010420867

Real-time macroeconomic data and uncertainty

Glass, Katharina; Fritsche, Ulrich - 2015

Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions of data is an increasingly important source of uncertainty about the state of the economy and offer an alternative channel of uncertainty - data uncertainty. This paper adds on...

Persistent link: https://www.econbiz.de/10011341024