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Increased investment in clean electricity generation or the introduction of a carbon tax will most likely lead to …-level data, we find that rising electricity prices lead to a negative impact on labor demand and investment in sectors most …
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We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...
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