Showing 1 - 10 of 56,277
collapse and rising unemployment, this paper stresses that the impact of the crisis is rather diverse, reflecting differences … ; unemployment ; macroeconomic policy ; labour market policy …
Persistent link: https://www.econbiz.de/10003962631
unemployment. Using a matching function approach, the author finds that such a shock implies an unemployment rate of no more than 7 ….1 percent, much below the actual unemployment rate during the past two years. Hence, the recent patterns in unemployment and …
Persistent link: https://www.econbiz.de/10013118496
In this paper we study international linkages when forecasting unemployment rates in a sample of 24 OECD economies. We … propose a Global Unemployment Factor (GUF) and test its predictive ability considering in-sample and out-of-sample exercises … information to predict domestic unemployment rates, at least for these last seven countries …
Persistent link: https://www.econbiz.de/10012845239
Persistent link: https://www.econbiz.de/10011345153
In the last decade of XX century, has expanded the area of capital movements, which included the former socialist countries. Thus, the countries that are attracting some of the centers of the capital and at the same time, participate in the export of capital, it is impossible not to have engaged...
Persistent link: https://www.econbiz.de/10011811706
Persistent link: https://www.econbiz.de/10010357318
This paper documents the novel fact that Regional Trade Agreements (RTA) decrease bilateral trade imbalances as measured by conventional measure of the net export share in gross trade. While on average an RTA decreases bilateral trade imbalance by 7%, greater trade integration through a deeper...
Persistent link: https://www.econbiz.de/10011490953
This paper shows that a regional bias resulting from trade integration alters the transmission of a countryś monetary policy by shifting the burden of the exchange rate adjustment towards the less integrated trading partners. I first develop a simple model which illustrates how a concentration...
Persistent link: https://www.econbiz.de/10011490957
We estimate the effect of RTAs on bilateral exports by means of a gravity model analyzing its sensitivity to different specifications and methods. RTAs generate a sizable positive effect. However, shifting to country-pair and time-varying fixed effects systematically reduces coefficients....
Persistent link: https://www.econbiz.de/10012406025
This paper shows that regional trade integration shifts the burden of the exchange rate adjustment towards the less integrated trading partners. Thus, they bear the cost of trade balance expansion, while competitive exchange rate moves vis-a-vis RTA trading partners result in no expansion or...
Persistent link: https://www.econbiz.de/10011615589