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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 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
The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a … France, the strongest ex0Bect on output is produced by shocks on government expenditure on wages and transfers. …
Persistent link: https://www.econbiz.de/10009635887
This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...
Persistent link: https://www.econbiz.de/10009635905
Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...
Persistent link: https://www.econbiz.de/10009635969
Strukturen der allgemeinen und beruflichen Bildung und der Erwachsenenbildung in Europa Wer die allgemeine Organisation der Bildungssysteme in Europa kennen lernen möchte, findet die entsprechende Basisinformation in den ca. 40-Seiten umfassenden Länderberichten. Diese Monografien werden...
Persistent link: https://www.econbiz.de/10009636183
This paper uses data on German government bond futures options to examine the behaviour of market expectations around monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market expectations, as measured by the skewness of...
Persistent link: https://www.econbiz.de/10009636538
Member States are permanently excluded. However, there remains a risk that France and Germany will use the idea of a … whether the core is driven by France and Germany or led by a trilateral grouping including the UK. The future of core Europe … depends on Germany. The idea of a core Europe still has enormous appeal in Germany, given its long intellectual tradition and …
Persistent link: https://www.econbiz.de/10009636640
Persistent link: https://www.econbiz.de/10009636733