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Macroeconomic aspects of European integration : fiscal policy, trade integration and the European business cycle

Crespo Cuaresma, Jesús; Pfaffermayr, Michael; Amador, … - 2011

We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …

Persistent link: https://www.econbiz.de/10011392349

The effect of asymmetries in fiscal policy conducts on business cycle correlation in the EU

Rozmahel, Petr; Grochová, Ladislava Issever; Litzman, Marek - 2014

The paper examines the effects of asymmetries in fiscal policy conduct upon the correlation of business cycles in the European Union. In particular the paper estimates the effects of fiscal indiscipline and dissimilarity on business cycle correlation in the period 1996-2012 using a panel of 27...

Persistent link: https://www.econbiz.de/10010429842

Business cycle correlation between the Euro area and the Balkan countries

Gouveia, Sofia - In: International journal of economic sciences and applied … 7 (2014) 1, pp. 33-49

This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...

Persistent link: https://www.econbiz.de/10010459812

Has the non-oil sector decoupled from oil sector? A case study of Gulf Cooperation Council Countries

Basher, Syed Abul - Volkswirtschaftliche Fakultät, … - 2010

the determinants of business cycle synchronization is also provided. …

Persistent link: https://www.econbiz.de/10008583550

Business cycle synchronization in the EMU : core vs. periphery

Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016

This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core …-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our … panel data estimates suggest that it is countries belonging to the core that are faced with increased synchronization among …

Persistent link: https://www.econbiz.de/10011570812

Does short-time work save jobs? : a business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...

Persistent link: https://www.econbiz.de/10009763124

Does short-time work save jobs? : a business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2014

Persistent link: https://www.econbiz.de/10010249718

Forecasting and policy making

Wieland, Volker; Wolters, Maik H. - 2012

Persistent link: https://www.econbiz.de/10010394237

Does short-time work save jobs? : a business cycle analysis ; conference paper

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline scenario the rule based component of short-time work (i.e.,...

Persistent link: https://www.econbiz.de/10010344643

The German labor market during the Great Recession : shocks and institutions

Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2018

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...

Persistent link: https://www.econbiz.de/10011916540