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The authors analyse the macroeconomic impact of the French work-sharing reform of 2000 (a reduction of standard working hours in combination with wage subsidies). Using a vector error correction model (VECM) for several labour market variables as well as inflation and output the authors produce...
Persistent link: https://www.econbiz.de/10003744522
This paper analyzes the determinants of German exports to the euro area, which is by far the biggest market for German products. Four conditional error-correction models based on regionally disaggregated data are developed. One specification includes EMU industrial production and a real external...
Persistent link: https://www.econbiz.de/10003744525
This paper deals with the estimation of employment equations for Germany, which are to be used for forecasting and …, however, is affected by German reunification and relative factor prices no longer play a significant role. The forecasting …
Persistent link: https://www.econbiz.de/10003744528
Central banks' operations and efficiency arguments would suggest that the intraday interest rate should be set to zero … of point and density forecasting. The relative accuracy is higher when the full distribution is predicted. We also …
Persistent link: https://www.econbiz.de/10011774178
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Among the most important tasks of central banks is to ensure the availability of cash to credit institutions and … retailers. Forecasting the demand for cash on a granular level is crucial in the process to keep logistics costs low, while … being resilient to demand or supply shocks. Whereas to date, cash forecasts with central banks mostly comprise structural …
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