Showing 1 - 10 of 18
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
Capital quality improvement is a general phenomenon. Therefore quality correction is needed in price indexes. There is substantial evidence of biases in the official price indexes of capital equipment. We apply to euro area statistics estimates of these biases based on US data thus deriving...
Persistent link: https://www.econbiz.de/10009639422
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks operating in the European Union. We find that reductions...
Persistent link: https://www.econbiz.de/10009640329
private physical capital per worker. We use a semiparametric analysis, computing Malmquist productivity indexes, and we also …
Persistent link: https://www.econbiz.de/10009640405
Persistent link: https://www.econbiz.de/10012116924
Seit Ausbruch der Wirtschaftskrise findet das Thema Löhne besondere Beachtung auf europäischer Ebene, wobei die Mechanismen zur Lohnfestsetzung immer mehr in den Mittelpunkt der Diskussion rücken. Insgesamt blieben die Tarifverhandlungssysteme relativ unverändert, allerdings waren in den...
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 … different wage‑bargaining regimes and looks into the link between pay and productivity developments. It also investigates the … different systems and levels of minimum wages in Europe at present, carrying out an accounting exercise through a hypothetical …
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
Persistent link: https://www.econbiz.de/10009635931
the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated …
Persistent link: https://www.econbiz.de/10009636531