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On the Response of Inflation and Monetary Policy to an Immigration Shock
Garcia, Benjamin - 2020
An immigration shock has an ambiguous effect on inflation. On one hand, aggregate consumption increases with a suddenly …. The response of an inflation-targeting central bank to an immigration shock is, therefore, not obvious. We study these … country that has experienced a substantial immigration flow in recent years …
Persistent link: https://www.econbiz.de/10012834823
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Monetary Policy Shocks and Skill Differences in the U.S. Labor Market
Chaudhuri, Pritha - 2020
This paper studies the effect of monetary policy shocks on different demographic groups in the U.S. labor market. I look at the effect of a contractionary monetary policy shock on unemployment rates of high and low-skill workers, finding that the low-skill group is more sensitive to these shocks...
Persistent link: https://www.econbiz.de/10012842815
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Time-Varying Wage Phillips Curves in the Euro Area with a New Measure for Labor Market Slack
Bonam, Dennis - 2018
Recently, the unemployment gap in the euro area has fallen markedly. However, wages increased less than predicted by … in the Netherlands after the crisis. In Germany (Spain), both measures suggest a recent flattening (steepening) of the …
Persistent link: https://www.econbiz.de/10012925564
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Monetary policy transmission and the labour market in the non‑eurozone Visegrad Group Countries in 2000-2014 : evidence from a SVAR Analysis
Włodarczyk, Przemysław - In: Comparative economic research : Central and Eastern Europe 20 (2017) 4, pp. 23-43
This paper is aimed at filling the gap in existing economic research by delivering new evidence on the money‑labour nexus in the emerging markets of the non‑eurozone Visegrad group countries (i.e. Czech Republic, Hungary and Poland). Analyses are based on the Strucutral VAR (SVAR) models of...
Persistent link: https://www.econbiz.de/10011877095
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Unemployment in the euro area and unconventional monetary policy surprises
Hülsewig, Oliver; Rottmann, Horst - 2022
We examine the impact of the European Central Bank's monetary policy on the euro area labor markets over the period 2010-2018. Using Jordà's (2005) local projection method, we find that unemployment rates decline in response to expansionary monetary policy surprises that can be related to...
Persistent link: https://www.econbiz.de/10013453816
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A single monetary policy for heterogeneous labour markets : the case of the euro area
Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023
Differences in labour market institutions and regulations between countries of the monetary union can cause divergent responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that differs across Ricardian and hand-to-mouth households....
Persistent link: https://www.econbiz.de/10013492935
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Monetary policy and European unemployment
Schettkat, Ronald; Sun, Rongrong - 2008
legislation, unions, wages, wage structure, unemployment insurance, etc. – have been alleged and found guilty to have caused this …
Persistent link: https://www.econbiz.de/10003836935
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A Single Monetary Policy for Heterogeneous Labour Markets : The Case of the Euro Area
Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023
Differences in labour market institutions and regulations between countries of the monetary union can cause divergent responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that differs across Ricardian and hand-to-mouth households....
Persistent link: https://www.econbiz.de/10014258210
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EMU enlargement, policy uncertainty and economic reforms
Hefeker, Carsten (contributor) - 2006
Persistent link: https://www.econbiz.de/10003364637
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Recovery beating expectations : economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report autumn 2021
Astrov, Vasily; Bykova, Alexandra; Grieveson, Richard; … - Wiener Institut für Internationale Wirtschaftsvergleiche - 2021
The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies...
Persistent link: https://www.econbiz.de/10012663107