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What effects is EMU having on the euro area and its member countries? An overview
Mongelli, Francesco Paolo; Vega, Juan Luis - 2006
This paper addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro -- on economic and financial structures, institutions and performance. What type of changes is the euro fostering? What forces is it setting in motion that were not there before?...
Persistent link: https://www.econbiz.de/10011604645
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The Labour Market and the Job Miracle
Heckman, James J.; Agell, Jonas; Gertser, Florian; … - In: CESifo Forum 04 (2003) 2, pp. 29-48
Persistent link: https://www.econbiz.de/10011695729
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Characteristics of unemployment dynamics: The chain reaction approach
Karanassou, Marika; Snower, Dennis J. - 2000
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …
Persistent link: https://www.econbiz.de/10010273099
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Wage rigidities in Western Germany? Microeconometric evidence from the 1990s
Puhani, Patrick A. - 2001
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …
Persistent link: https://www.econbiz.de/10010297774
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Sources of German unemployment: evidence from a structural VAR model
Linzert, Tobias - 2001
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 … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …
Persistent link: https://www.econbiz.de/10010297779
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Wage Rigidities in Western Germany?
Puhani, Patrick A. - 2001
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …
Persistent link: https://www.econbiz.de/10010262540
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Measuring the Business Cycle Similarity and Convergence Trends in the CEECs Towards the Eurozone with Respect to some Unclear Methodological Aspects
Rozmahel, Petr - 2009
discussion on the process of joining the Eurozone by the Czech Republic and other candidate countries. The paper provides an …. Measures of business cycle similarity are ordinarily used to evaluate preparedness of candidate countries to join the Eurozone …. The results indicate continuing convergence of the business cycle similarity between the candidate and Eurozone member …
Persistent link: https://www.econbiz.de/10011435274
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Endogeneities of optimum currency areas: what brings countries sharing a single currency closer together?
De Grauwe, Paul; Mongelli, Francesco Paolo - 2005
This paper brings together several strands of the literature on the endogenous effects of monetary integration: i.e., whether sharing a single currency may set in motion forces bringing countries closer together. The start of EMU has spurred a new interest in this debate. Four areas are...
Persistent link: https://www.econbiz.de/10011604514
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Unemployment in the European Union: institutions, prices, and growth
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2003
This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …
Persistent link: https://www.econbiz.de/10010271739
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Unemployment in the European Union: Institutions, prices, and growth
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2004
This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …
Persistent link: https://www.econbiz.de/10010276423