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Gross job flows and institutions in Europe

Gómez-Salvador, Ramón; Messina, Julián; Vallanti, … - 2004

flows. Similarly, countries with higher unemployment benefits and more coordinated wage bargaining systems are characterised …

Persistent link: https://www.econbiz.de/10009636541

Did the pattern of aggregate employment growth change in the euro area in the late 1990s?

Mourre, Gilles - 2004

The paper examines whether the pattern of growth in euro area employment seen in the period 1997-2001 differed from that recorded in the past and what could be the reasons for that. First, a standard employment equation is estimated for the euro area as a whole. This shows that the lagged impact...

Persistent link: https://www.econbiz.de/10009639412

Foreign direct investment and international business cycle comovement

Jansen, W. Jos; Stokman, Ad C. J. - 2004

This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982–2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995–2001. Before 1995, we...

Persistent link: https://www.econbiz.de/10009639461

Investors with too many options?

Dorn, Daniel - 2010

During the last decade, markets for covered warrants (bank-issued options) have flourished in Europe and Asia. In these markets, investors often face a choice between many instruments that differ only slightly from each other. Based on retail trades in call options on the German DAX index, this...

Persistent link: https://www.econbiz.de/10009640343

The ECB's New Multi-Country Model for the euro area

Dieppe, Alistair; González Pandiella, Alberto; Hall, … - 2011

Rational expectations has been the dominant way to model expectations, but the literature has quickly moved to a more realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form their expectations. A standard assumption is that...

Persistent link: https://www.econbiz.de/10009640692

Business cycle dynamics under rational inattention

Maćkowiak, Bartosz; Wiederholt, Mirko - 2011

We develop a dynamic stochastic general equilibrium model with rational inattention by households and firms. Consumption responds slowly to interest rate changes because households decide to pay little attention to the real interest rate. Prices respond quickly to some shocks and slowly to other...

Persistent link: https://www.econbiz.de/10009640770

Unemployment in Austria: low, but…

Sherwood. Monika - 2006

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 …. In addition the unemployment statistics are distorted by the relatively low labour force participation of older workers …

Persistent link: https://www.econbiz.de/10009661734

Structural unemployment: a blot on the Finnish success story

Maiväli, Mart - 2006

feature of the Finnish economy compared with that of Sweden and Denmark is the higher level of unemployment. In the early 1990 … adapt. The spectacular recovery of the Finnish economy has pushed up labour demand. While unemployment has fallen back from …

Persistent link: https://www.econbiz.de/10009668588

High unemployment in Poland - not only a labour market problem

Narożny, Michał - 2006

Persistent link: https://www.econbiz.de/10009668589

Shifts in the job structure in Europe during the Great Recession

Hurley, John; Storrie, Donald; Jungblut, Jean-Marie - 2011

[...] this report will show the value of the jobs approach in analysing the changing structure of employment in the two turbulent years of the Great Recession.

Persistent link: https://www.econbiz.de/10011902453