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This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...
Persistent link: https://www.econbiz.de/10009635883
This paper attempts to characterise an anti-inflationary monetary targeting (MT) regime. In order to derive a formal representation of this regime, we formulate the central bank’s optimisation problem under the assumption that it is possible for the monetary targeted variable to have an impact...
Persistent link: https://www.econbiz.de/10009640355
Growth of wages, unemployment, employment and vacancies exhibit strong asymmetries between expansionary and contractionary phases. In this paper we analyze to what degree downward wage rigidities in the bargaining process affect other variables of the economy. We introduce asymmetric wage...
Persistent link: https://www.econbiz.de/10009640697
Persistent link: https://www.econbiz.de/10009639972
One of the most recurring themes about immigrants in Western Europe is their effect on national culture and identity. When anti immigrant parties gain votes in Member States one of the enduring responses is to question the role of immigrants themselves in eliciting their separation from the main...
Persistent link: https://www.econbiz.de/10009640604
The return of illegally-staying third-country nationals is one of the main pillars of the EU’s policy on migration and asylum. However, recent Eurostat data show that return rates at EU level have not improved despite the important increase in the number of rejected asylum applications and in...
Persistent link: https://www.econbiz.de/10012036399
This Synthesis Report presents the main findings of the 2017 EMN Study Approaches to Unaccompanied Minors Following Status Determination in the EU plus Norway. The study covers the period 2014-2017, thereby following up on previous EMN research on unaccompanied minors. It may serve to inform...
Persistent link: https://www.econbiz.de/10012056057
Persistent link: https://www.econbiz.de/10012056058
The following synthesis report presents an overview of the important challenges faced by national authorities in EU Member States and Norway in their efforts to establish and verify the identity of third-country nationals within the context of various migration procedures and of national...
Persistent link: https://www.econbiz.de/10012056060
The EMN Annual Report on Immigration and Asylum 2015 is based on information collected from all Member States and Norway in late 2015 and early 2016. It provides an overview of the main legal and policy developments taking place at EU level and within participating countries. It is a...
Persistent link: https://www.econbiz.de/10012056062