Showing 1 - 10 of 373,043
Persistent link: https://www.econbiz.de/10001363039
Persistent link: https://www.econbiz.de/10011950349
During the last decade The Netherlands witnessed an increase in the pace of job creation and job destruction. A sensitivity analysis using an empirical model of labour market flows shows thatthe congestion in the matching process due to the increase in the pace of job creation and destruction...
Persistent link: https://www.econbiz.de/10010336861
Persistent link: https://www.econbiz.de/10011435874
Persistent link: https://www.econbiz.de/10011960906
Persistent link: https://www.econbiz.de/10012425877
This paper analyses the Nairu in the Euro Area and the influence that hysteresis had on its development. Using the … is applied here using explicit exogenous variables. In order to test for hysteresis, the dependence of the Nairu on … respectively. The existence of hysteresis effects implies the possibility of a long-run non-superneutrality of monetary policy. …
Persistent link: https://www.econbiz.de/10003744523
evidence of the importance of sunk costs and hysteresis in international trade. …
Persistent link: https://www.econbiz.de/10011300368
Using European Commission real-time data, we show that potential output (PO) estimates were substantially and persistently revised downwards after the Great Recession. We decompose PO revisions into revisions of the capital stock, trend labor, and trend total-factor productivity (TFP)....
Persistent link: https://www.econbiz.de/10012026398
We argue that, under certain conditions described by a sunk cost hysteresis model, firms consider exports as a … and hysteresis in international trade between the member states of the Economic and Monetary Union (EMU). What is more … (Italy, Greece, and Portugal) the results underscore the empirical validity of the export hysteresis under uncertainty model. …
Persistent link: https://www.econbiz.de/10011778973