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Eastern enlargement and EU-labour markets : perceptions, challenges and opportunities

Boeri, Tito; Brücker, Herbert - 2001

This paper summarises the key findings of a recent study on the impact of Eastern Enlargement of the European Union (EU … affect labour markets in the EU, namely i) trade, ii) foreign direct investment, and iii) migration. A main conclusion of the … the long-run stock of immigrants from the CEECs-10 in the EU will increase from 0.85 in 1998 to a peak of 3.9 million …

Persistent link: https://www.econbiz.de/10011391753

ICT, clusters and regional cohesion : a summary of theoretical and empirical research

Maignan, Carole; Pinelli, Dino; Ottaviano, Gianmarco I. P. - 2003

The question of the spatial impacts of the Information and Communication Technology (ICT) has animated the intellectual and policy debate for a long time. At the beginning of the 1990s the rise of the Internet brought a new surge of debate: it was argued that the Internet would free the economy...

Persistent link: https://www.econbiz.de/10011591412

Is training more frequent when wage compression is higher? : evidence from 11 European countries

Brunello, Giorgio - 2002

In this empirical paper, I use the 1996 wave of the ECHP dataset to investigate the relationship between measures of wage compression and training incidence in 11 European countries. I find that, after controlling for individual factors and country specific institutional differences, there is...

Persistent link: https://www.econbiz.de/10011596210

Estimating monetary policy reaction functions : a discrete choice approach

Boeckx, Jef - 2011

I propose a discrete choice method for estimating monetary policy reaction functions based on research by Hu and Phillips (2004). This method distinguishes between determining the underlying desired rate which drives policy rate changes and actually implementing interest rate changes. The method...

Persistent link: https://www.econbiz.de/10011596320

Wages, labor or prices : how do firms react to shocks?

Dhyne, Emmanuel; Druant, Martine - 2010

Survey results in 15 European countries for almost 15,000 firms reveal that Belgian firms react more than the average European firm to adverse shocks by reducing permanent and temporary employment. On the basis of a firm-level analysis, this paper confirms that the different reaction to shocks...

Persistent link: https://www.econbiz.de/10011596526

What determines euro area bank CDS spreads?

Annaert, Jan; De Ceuster, Marc J.; Van Roy, Patrick; … - 2010

This paper decomposes the explained part of the CDS spread changes of 31 listed euro area banks according to various risk drivers. The choice of the credit risk drivers is inspired by the Merton (1974) model. Individual CDS liquidity and other market and business variables are identified to...

Persistent link: https://www.econbiz.de/10011596544

Inter-industry wage differentials in EU countries : what do cross-country time-varying data add to the picture?

Du Caju, Philip; Kátay, Gábor; Lamo, Ana; Nicolitsas, … - 2010

EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, the Netherlands and Spain) at two different points in …

Persistent link: https://www.econbiz.de/10011596556

Implementing greenhouse gas trading in Europe : lessons from economic theory and international experiences

Boemare, Catherine; Quirion, Philippe - 2002

The European Commission (2001a) has recently presented a directive proposal to the Parliament and the Council in order to implement a tradable permits scheme. However, as stressed by the positive political economy, due to the influence of various interest groups, very few environmental policies...

Persistent link: https://www.econbiz.de/10011596941

The development of monetary policy in the 20th century - some reflections

Issing, Otmar - 2010

In this paper I outline - from a practitioner's as well as from a researcher's perspective - several of the key developments that took place during the last century in monetary policy. In particular, I describe how the monetary system evolved from gold standard, prevailing throughout most of the...

Persistent link: https://www.econbiz.de/10011596989

The margins of labour cost adjustment : survey evidence from European firms

Babeckij, Jan; Du Caju, Philip; Kosma, Theodora; … - 2009

Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. We broaden the analysis beyond downward rigidity in base wages by investigating the use of other margins of labour cost adjustment at the firm level. Using data...

Persistent link: https://www.econbiz.de/10011597045