Existing methods for data interpolation or backdating are either univariate or based on a very limited number of series, due to data and computing constraints that were binding until the recent past. Nowadays large datasets are readily available, and models with hundreds of parameters are fastly...

In this paper we study the zero frequency spectral properties of fractionally cointegrated long memory processes and introduce a new frequency domain principal components estimator of the cointegration space and the factor loading matrix for the long memory factors. We find that for fractionally...

Existing methods for data interpolation or backdating are either univariate or based on a very limited number of series, due to data and computing constraints that were binding until the recent past. Nowadays large datasets are readily available, and models with hundreds of parameters are fastly...

This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...

We examine job flows in the 1990s for a sample of 13 European countries. By using a dataset of continuing firms that covers all sectors, we find firm characteristics to be important determinants of job flows, with smaller and younger firms within services typically having a larger degree of job...

Globalisation is the stepping stone for plenty of articles, essays and papers on social transformation, as it is for this one. Of the many questions raised by globalisation, one that has attracted much attention lately, is how this so-called globalisation affects the national and international...

The European Year of Mobility 2006 recognises that geographic and job mobility raises flexibility in the labour market and may contribute to job growth in the European Union. It is frequently claimed that the European Employment Strategy focuses mainly on creating more jobs and less effort is...

This research aimed at investigating how the high level of observed job mobility relates to social stratification and social class. An obvious assumption would be that intensifying employment mobility has weakened social inequalities across a wide range of life prospects, and social class has...

This report begins by elaborating upon the different factors that appear to influence the degree to which people change employers. It then formulates a number of hypotheses regarding the influence of biographical characteristics, country characteristics, previous job mobility history, job...