Showing 1 - 10 of 10,155
responsibility for the Eurozone crisis from the private to the public sector. Focusing on Greece, I argue that the ECB constructed … the morality of the public debtor in such a way as to make this transfer of responsibility easier and the imposition of … exclusively in terms of public sector responsibility. However, the ECB also employed a range of non-linguistic policy measures …
Persistent link: https://www.econbiz.de/10012029091
Persistent link: https://www.econbiz.de/10014428524
We estimate the public-private sector pay gap for 27 European countries, using the 2008 EU SILC. The coefficients of … conditional (on personal and job characteristics) public sector controls give a first impression on wage differences, while … decomposition analyses show that the public-private pay gap is, generally, negatively related to income quantiles. …
Persistent link: https://www.econbiz.de/10010209737
European states highly differ and reflect in some way the functioning of the welfare states. Taking public service obligation … as a starting point does not automatically imply to regard SSGI production and finance a solely public affair. Rather …, this is mostly done in some way of public-private governance and investment arrangements, depending on the concrete SSGI …
Persistent link: https://www.econbiz.de/10011514226
Persistent link: https://www.econbiz.de/10013177940
This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...
Persistent link: https://www.econbiz.de/10009635957
Persistent link: https://www.econbiz.de/10011430939
This paper analyses the Nairu in the Euro Area and the influence that monetary policy had on its development. Using the Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique is applied here for the first time using explicit...
Persistent link: https://www.econbiz.de/10011438545
In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient...
Persistent link: https://www.econbiz.de/10011538633
Persistent link: https://www.econbiz.de/10011540537