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Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...

Persistent link: https://www.econbiz.de/10009639401

Equilibrium unemployment, job flows and inflation dynamics

Trigari, Antonella - 2004

general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …

Persistent link: https://www.econbiz.de/10009636527

Inter-industry wage differentials in EU countries

Du Caju, Philip; Kátay, Gábor; Lamo, Ana; Nicolitsas, … - 2010

This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...

Persistent link: https://www.econbiz.de/10009640359

The determination of wages of newly hired employees

Galuščák, Kamil; Keeney, Mary; Nicolitsas, Daphne; … - 2010

This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers. The evidence suggests...

Persistent link: https://www.econbiz.de/10009640406

Inter-industry wage differentials: how much does rent sharing matter?

Caju, by Philip Du; Rycx, François; Tojerow, Ilan - 2009

This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials among workers with the same observed characteristics...

Persistent link: https://www.econbiz.de/10009640484

Unemployment in Austria: low, but…

Sherwood. Monika - 2006

On the face of it, Austria’s labour market performs very well, which is reflected in one of the lowest unemployment … rates in the EU. However, while many of the euro area members have recently succeeded in reducing unemployment, the Austrian …. In addition the unemployment statistics are distorted by the relatively low labour force participation of older workers …

Persistent link: https://www.econbiz.de/10009661734

Structural unemployment: a blot on the Finnish success story

Maiväli, Mart - 2006

feature of the Finnish economy compared with that of Sweden and Denmark is the higher level of unemployment. In the early 1990 … adapt. The spectacular recovery of the Finnish economy has pushed up labour demand. While unemployment has fallen back from …

Persistent link: https://www.econbiz.de/10009668588

High unemployment in Poland - not only a labour market problem

Narożny, Michał - 2006

Persistent link: https://www.econbiz.de/10009668589

An analysis of systemic risk in alternative securities settlement architectures

Iori, Giulia - 2004

This paper compares securities settlement gross and netting architectures. It studies settlement risk arising from exogenous operational delays and compares settlement failures between the two architectures as functions of the length of the settlement interval under different market conditions....

Persistent link: https://www.econbiz.de/10009639464

In dubio pro CES

León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2010

Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income distribution models. In the context of a Monte Carlo exercise embodying balanced and near balanced growth, we demonstrate that the estimation of the substitution elasticity can be...

Persistent link: https://www.econbiz.de/10009640366