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In 2005 the current account deficit attained 7½% of GDP, its worst position of the last 25 years, and in 2006 it might reach 8½%. Traditionally, Spain’s trade deficit has been partially offset by surpluses in other external balances, particularly service trade, as a result of large net...
Persistent link: https://www.econbiz.de/10009641117
The document describes the evolution of intra-EU current account asymmetries. Some experimental results obtained using a modelling approach to derive asymmetry-free European aggregates are presented. The results are not usable at the national (Member State) level and they will not eliminate...
Persistent link: https://www.econbiz.de/10009636362
Persistent link: https://www.econbiz.de/10009636455
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …
Persistent link: https://www.econbiz.de/10009635882
Persistent link: https://www.econbiz.de/10009637069
Tarifverhandlungssysteme dargestellt und erörtert sowie die Verbindung zwischen Lohn- und Produktivitätsentwicklungen (in Bezug auf nominale …
Persistent link: https://www.econbiz.de/10010352923
The issue of wages has attracted particular attention at European level since the onset of the economic crisis. Changes in economic governance, notably within the European semester, have prompted discussions on wage‑setting mechanisms. While, overall, wage‑bargaining regimes have remained...
Persistent link: https://www.econbiz.de/10010352924
National wage-bargaining institutions are crucial in achieving pay outcomes that help to increase employment and economic growth within the context of avoiding macroeconomic imbalances within the European Monetary Union. Using a large set of empirical macroeconomic data from a variety of...
Persistent link: https://www.econbiz.de/10011335318
Published on International Women's Day 2013, this survey presents the views of European citizens on gender equality and the empowerment of women in developing countries. It also tests how people believe to what extent certain problems affect men and women in these countries.
Persistent link: https://www.econbiz.de/10011799362
Recent empirical studies on the inflation-growth-relationship underline that inflation has negative growth effects … influence of inflation on factor substitution. It turns out that already in a simple neoclassical monetary growth model this … potential positive effects of inflation along the convergence path. In a more general perspective the paper contributes to a …
Persistent link: https://www.econbiz.de/10009635886