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Equilibrium unemployment, job flows and inflation dynamics
Trigari, Antonella - 2004
In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. Then, it estimates a set of structural parameters...
Persistent link: https://www.econbiz.de/10009636527
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The impact of the labour legislation reform in Germany : labour market reforms and the "jobs miracle" in Germany
Knuth, Matthias - 2014
Radical labour market reforms were implemented in Germany between 2002 and 2005, reforms that overturned the received … idea that Germany was suffering from "reform paralysis". However, the part of these reforms that specifically concerned … controversial and changed the party-political landscape in Germany. Shortly after the reforms were introduced, a trend reversal took …
Persistent link: https://www.econbiz.de/10010520704
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Trade advantages and specialisation dynamics in acceding countries
Zaghini, Andrea - 2003
The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in 2004, by studying the dynamics of their comparative advantages over the period 1993-2000. The study finds that, although some countries are still broadly relying on natural...
Persistent link: https://www.econbiz.de/10009635952
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Import prices and pricing-to-market effects in the euro area
Warmedinger, Thomas - 2004
Pricing-to-market (PTM) behaviour implies that exporters adjust their prices to the prevailing prices in their export markets. For the importing country, PTM effects can be interpreted as a measure of the stability of domestic prices against foreign price and exchange rate developments. PTM...
Persistent link: https://www.econbiz.de/10009636522
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Trade with central and eastern Europe
Polgár, Éva Katalin; Wörz, Julia - 2010
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it is possible to control for unobserved heterogeneity at...
Persistent link: https://www.econbiz.de/10009640296
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Is China climbing up the quality ladder?
Pula, Gabor; Santabárbara, Daniel - 2011
There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China … values reflect quality the prevailing view of the literature is that China exports low quality varieties of the same products …. We derive the quality of Chinese exports to the European Union by estimating disaggregated demand functions from a …
Persistent link: https://www.econbiz.de/10009640686
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Comparing economic dynamics in the EU and CEE accession countries
Süppel, Ralph - 2003
This paper presents evidence for structural differences in economic growth dynamics between the current EU and the central- and eastern European accession countries. Two important results emerge from the analysis. First, accession countries have posted higher average growth and wider output...
Persistent link: https://www.econbiz.de/10009635910
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Swiss monetary policy targeting 1974 - 1996
Rich, Georg - 2003
After the switch to a floating exchange rate in 1973, the Swiss National Bank at first adopted annual monetary targets and in the 1990s shifted to a medium-term targeting strategy. In this paper I review the SNBu0092s internal policy analysis, an aspect of Swiss monetary targeting that has...
Persistent link: https://www.econbiz.de/10009635971
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Similarities and convergence in G-7 cycles
Canova, Fabio; Ciccarelli, Matteo; Ortega, Eva - 2004
This paper examines the properties of G-7 cycles using a multicountry Bayesian panel VAR model with time variations, unit specific dynamics and cross country interdependences. We demonstrate the presence of a significant world cycle and show that country specific indicators play a much smaller...
Persistent link: https://www.econbiz.de/10009636535
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Stylised features of price setting behaviour in Portugal
Dias, Mónica; Dias, Daniel; Neves, Pedro D. - 2004
This paper identifies the empirical stylized features of price setting behaviour in Portugal using the micro-datasets underlying the consumer and the producer price indexes. The main conclusions are the following: 1 in every 4 prices change each month; there is a considerable degree of...
Persistent link: https://www.econbiz.de/10009636702