"Mit zunehmender internationaler Verflechtung und Integration wird aus konjunkturellen und strukturellen Gesichtspunkten eine Beobachtung der auslaendischen Arbeitsmaerkte notwendig. Die Interpretation der Arbeitsmarktentwicklung des Auslandes erfordert die Kenntnis der dort verwendeten...

"Beschäftigungsschwierigkeiten von Jugendlichen existieren in anderen Ländern meist schon seit längerer Zeit als in der Bundesrepublik Deutschland. Als generelle Ursache der Arbeitslosigkeit von Jugendlichen wird insbesondere das Zusammentreffen der demographisch bedingten Zunahme von...

Die Arbeitskosten eines Landes dienen oft als Erklärung für seine Wettbewerbsstärke, die Standortattraktivität und die Arbeitsmarktlage. Daher stoßen internationale Arbeitskostenvergleiche auf großes öffentliches Interesse. Es existiert jedoch keine eindeutige Definition des Begriffs...

Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...

We test for mean reversion in real exchange rates using a recently developed unit root test for non-normal processes based on quantile autoregression inference in semi-parametric and non-parametric settings. The quantile regression approach allows us to directly capture the impact of different...

We use tests for multiple breaks at unknown points in the sample, and the Stock-Watson (1996, 1998) time-varying parameters median-unbiased estimation methodology, to investigate changes in the equilibrium rate of growth of labor productivity–both per hour and per worker–in the United...

This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of competition can consider the entire banking market...

Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at the frequency ω=0 has exhibited little variation–being, most of the time, close to one–in the U.S., the U.K., and several other countries, thus implying that the fraction...

We explore the macroeconomic impact of a compression in the long-term bond yield spread within the context of the Great Recession of 2007-2009 via a Bayesian time-varying parameter structural VAR. We identify a ‘pure’ spread shock which, leaving the short-term rate unchanged by construction,...