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labor, which results in lower productivity, investment, and value added. Without a rise in zombie credit, inflation in …. Granular European data on inflation, firms, and banks confirm this mechanism. Industry-country pairs affected by a rise of …
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. Meanwhile, inflation is no longer driven by energy import prices, but by domestic factors. The increased profit margins of … companies are a major reason for persistent inflation. In this difficult environment, the trade unions are faced with the …
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This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and institutions, and runs it on recent data featuring dramatic shocks and controversial institutional change. Theoretical insights and empirical results suggest that reforms and...
Persistent link: https://www.econbiz.de/10011557882
This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and institutions, and runs it on recent data featuring dramatic shocks and controversial institutional change. Theoretical insights and empirical results suggest that reforms and...
Persistent link: https://www.econbiz.de/10013315479