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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 … helps to explain the sluggishness of inflation and the persistence of output after a monetary policy shock. The ability of … the model to account for the joint dynamics of output and inflation rely on its ability to explain the dynamics in the …

Persistent link: https://www.econbiz.de/10009636527

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

Import prices and pricing-to-market effects in the euro area

Warmedinger, Thomas - 2004

higher than one half. The results from illustrative simulations suggest that the increase in euro-area inflation during the …

Persistent link: https://www.econbiz.de/10009636522

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

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 imposes a threat to the market positions of advanced economies. While China’s export structure is very similar to that of the advanced world, its export unit values are well below...

Persistent link: https://www.econbiz.de/10009640686

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

Swiss monetary policy targeting 1974 - 1996

Rich, Georg - 2003

adoption of monetary targets, the SNB was able to reduce the inflation trend to low levels. However, it was less successful in … preemptive policy stance. At the end of 1999, the SNB abandoned monetary targeting in favour of an approach based on inflation …

Persistent link: https://www.econbiz.de/10009635971

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

Stylised features of price setting behaviour in Portugal

Dias, Mónica; Dias, Daniel; Neves, Pedro D. - 2004

price setting patterns at the consumer level seem to depend on the level of inflation as well as on the type of outlet. …

Persistent link: https://www.econbiz.de/10009636702

The great inflation of the 1970s

Collard, Fabrice; Dellas, Harris - 2004

Was the high inflation of the 1970s mostly due to incomplete information about the structure of the economy (an … unavoidable mistake as suggested by Orphanides, 2000)? Or, to weak reaction to expected inflation and/or excessive policy activism … overall empirical performance. We find that both explanations do a good job in accounting for the great inflation. Even with …

Persistent link: https://www.econbiz.de/10009639390