Showing 1 - 10 of 412
We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub-indicators, for 23 industrialised countries. The first four sub-indicators are u0093opportunityu0094 indicators that take into account administrative, education and health outcomes...
Persistent link: https://www.econbiz.de/10009635959
This paper analyses the degree of inflation persistence in the EU15, the euro area and each of its member states using disaggregate price indices from the Harmonised Index of Consumer Prices. Our results reveal substantial heterogeneity across countries and indices. The overall results, based on...
Persistent link: https://www.econbiz.de/10009639475
Heterogeneity in the response of banks to a change in monetary policy is an important element in the transmission of this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal factors influencing banks’ reaction in terms of lending...
Persistent link: https://www.econbiz.de/10009640307
In this paper we compare the in-sample fit and out-of-sample forecasting performance of no-arbitrage quadratic and essentially affine term structure models, as well as the dynamic Nelson-Siegel model. In total eleven model variants are evaluated, comprising five quadratic, four affine and two...
Persistent link: https://www.econbiz.de/10009640335
In a cross section of OECD countries we replace the macroeconomic production function by a production possibility frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods 1970, 1980, 1990, 2000, one output: GDP per worker; three...
Persistent link: https://www.econbiz.de/10009640405
This paper addresses the estimation of Phillips curve equations for the euro area while employing less stringent assumptions on the functional correspondence between price inflation, inflation expectations, and marginal costs. Expectations are not assumed to be an unbiased predictor of actual...
Persistent link: https://www.econbiz.de/10009640460
This paper presents a set of probability density functions for Euribor outturns in three months’ time, estimated from the prices of options on Euribor futures. It is the first official and freely available dataset to span the complete history of Euribor futures options, thus comprising over...
Persistent link: https://www.econbiz.de/10009640514
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 jobless rate has been on a clearly rising path since...
Persistent link: https://www.econbiz.de/10009661734
The purpose of the evaluation is to provide a comprehensive and independent assessment of the European Union (EU …
Persistent link: https://www.econbiz.de/10012036340
associés pour mener une évaluation conjointe de leur coopération avec le Burundi sur la période 2005-2011. L’évaluation … Donneurs Parties à l’Evaluation (DPE) à la consolidation de la paix et au développement du pays, l’évaluation se concentre sur … macro-économique. L’évaluation porte sur un champ temporel (2005-2011) et sur une palette d’interventions extrêmement larges …
Persistent link: https://www.econbiz.de/10011799349