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Automatic stabilizers, economic crisis and income distribution in Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010

country micro simulation model to analyse how shocks on market income and employment are mitigated by taxes and transfers. We …

Persistent link: https://www.econbiz.de/10010269797

Home-leaving decisions of daughters and sons

Chiuri, Maria Concetta; Del Boca, Daniela - 2010

In spite of relevant differences between countries, a common international pattern emerges: daughters leave parental homes earlier than sons. Drawing upon the European Community Household Panel, we explore the impacts of various factors that affect daughters' and sons' home-leaving decisions....

Persistent link: https://www.econbiz.de/10010269799

Systematic Mispricing in European Equity Prices?

Berneburg, Marian - 2007

One empirical argument that has been around for some time and that clearly contra- dicts equity market efficiency is that market prices seem too volatile to be optimal estimates of the present value of future discounted cash flows. Based on this, it is deduced that systematic pricing errors...

Persistent link: https://www.econbiz.de/10010269909

Determinants of International Fragmentation of Production in the European Union

Zeddies, Götz - 2007

The last decades were characterized by large increases in world trade, not only in absolute terms, but also in relation to world GDP. This was in large parts caused by increasing exchanges of parts and components between countries as a consequence of international fragmentation of production....

Persistent link: https://www.econbiz.de/10010269910

The gender wage gaps, 'sticky floors' and 'glass ceilings' of the European Union

Christofides, Louis N.; Polycarpou, Alexandros; … - 2010

We consider and attempt to understand the gender wage gap across 24 EU member states, all of which share the objective of gender equality, using 2007 data from the European Union Statistics on Income and Living Conditions. The size of the gender wage gap varies considerably across countries and...

Persistent link: https://www.econbiz.de/10010269934

Financial Crisis, Global Liquidity and Monetary Exit Strategies

Belke, Ansgar - 2010

We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off . Communicating about the exit strategy must be an integral part of the exit strategy....

Persistent link: https://www.econbiz.de/10010269980

Long-term Care Responsibility and its Opportunity Costs

Meng, Annika - 2010

, the effects of the number of hours spent on caregiving on the probability of employment as well as on the number of hours …. Finally, the probability of employment is only decreased in the female sample. Although the hours worked are not significantly … und 2006 werden genutzt, um Effekte auf dem europäischen Arbeitsmarkt zu analysieren. Deskriptive Statistiken zeigen eine …

Persistent link: https://www.econbiz.de/10010269984

Current Account Balances and Structural Adjustment in the Euro Area

Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2010

In the past decade, a set of euro area countries has accumulated large current account deficits. After a brief relaxation of the euro area internal imbalances in the wake of the financial crisis, it appears as if this pattern arises anew when times normalize again and Germany still sticks to...

Persistent link: https://www.econbiz.de/10010269989

Is Euro Area Money Demand (Still) Stable? – Cointegrated VAR versus Single Equation Techniques

Belke, Ansgar; Czudaj, Robert - 2010

In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows that the current financial and economic crisis that started in 2007 does not appear to have any noticeable impact on the stability of the euro area money demand function. We also...

Persistent link: https://www.econbiz.de/10010269994

(How) Do the ECB and the Fed React to Financial Market Uncertainty? – The Taylor Rule in Times of Crisis

Belke, Ansgar; Klose, Jens - 2010

We assess differences that emerge in Taylor rule estimations for the Fed and the ECB before and after the start of the subprime crisis. For this purpose, we apply an explicit estimate of the equilibrium real interest rate and of potential output in order to account for variations within these...

Persistent link: https://www.econbiz.de/10010269998