Showing 1 - 10 of 11
identify feedback loops, the European Systemic Risk Board has developed macroprudential surveys that ask banks and insurers how … they would behave in a macroeconomic stress scenario. In a pilot application of these surveys, we find evidence of herding … usefulness of macroprudential surveys in identifying feedback loops. …
Persistent link: https://www.econbiz.de/10011984886
With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended...
Persistent link: https://www.econbiz.de/10012520408
The Consumer Expectations Survey (CES) is an important new tool for analysing euro area household economic behaviour … and expectations. This new survey covers a range of important topical areas including consumption and income, inflation …
Persistent link: https://www.econbiz.de/10013331894
investigates the impact of gender norms on labor-supply expectations of adolescents. Chapter 3 analyzes the effects of the Corona … methodological debate around survey measurement by investigating belief elicitation in large-scale online surveys. …
Persistent link: https://www.econbiz.de/10012643580
We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the period 1995-2008. There is a broad consensus that the relationship between fiscal policy and business cycle comovements and between trade integration and cyclical synchronization are...
Persistent link: https://www.econbiz.de/10011345634
We argue for the resurrection of an old idea: electricity use as an indicator of U.S. economic activity. Our analysis relies on associations–the 40-year correlation between growth rates in real GDP and electricity use can be as high as 89% –and intuition. Electricity use and economic...
Persistent link: https://www.econbiz.de/10011416254
This paper studies real-time measures of the output gap and fiscal policy stance estimates for EU countries. We construct a comprehensive real-time data set on fiscal forecasts and study whether there are systematic differences between the European Commission and IMF estimates of the output gap...
Persistent link: https://www.econbiz.de/10012037657
This study was prepared by Beate Schirwitz while she was working at the Ifo Institute’s Dresden Branch. It was completed in February 2012 and accepted as a doctoral thesis by the Faculty of Law, Management, and Economics at the Johannes Gutenberg University Mainz in July 2012. It focuses on a...
Persistent link: https://www.econbiz.de/10011698337
The aim of the thesis is to gain a better understanding of the relationship between education, skills and labor-market outcomes. Based on high-quality skill data from the PIAAC Survey of Adult Skills, Chapter 2 studies the effect of schooling on cognitive skills, exploiting the staggered...
Persistent link: https://www.econbiz.de/10012237667
Despite notable improvements in the labour market since 2013, wage growth in the euro area was subdued and substantially overpredicted in 2013-17. This paper summarises the findings of an ESCB expert group on the reasons for low wage growth and provides comparable analyses on wage developments...
Persistent link: https://www.econbiz.de/10012141429