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The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...
Persistent link: https://www.econbiz.de/10010297617
The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...
Persistent link: https://www.econbiz.de/10011442518
This paper presents a 'hybrid' model of the yield curve that systematically incorporates the cross-equation restrictions of a structural dynamic stochastic general equilibrium model into an affine macro-factor model of interest rates. News, factors identified by interest rates that help to...
Persistent link: https://www.econbiz.de/10014217887
A model of nominal labor-price dynamics is derived from the choice of an efficient strategy to adjust wages for …
Persistent link: https://www.econbiz.de/10012728533
Persistent link: https://www.econbiz.de/10003991977
Persistent link: https://www.econbiz.de/10003376650
Persistent link: https://www.econbiz.de/10012582470
We study the effects of public evaluation of university research on the pay structures of academic departments. A … inherent in the research evaluation process. We then analyse the pay-performance relationship using data on the salary of all … UK university full professors, matched to the performance of their departments from the 2014 UK government evaluation of …
Persistent link: https://www.econbiz.de/10012935817
suggested by Garen (1988), we find negative associations between risk and wages for all workers, which is against the notion of … obtain reasonable VSLs, but the association between risk and wages is not statistically significant. We conclude that if …
Persistent link: https://www.econbiz.de/10014055662
This paper considers recent proposals of introductory-level macroeconomic models that drop the LM apparatus in favour of the straightforward use of the Taylor rule as a means to determine the nominal interest rate and to link the monetary block with the real block of the economy. Whilst one can...
Persistent link: https://www.econbiz.de/10012730124