The 'currency war', as it has become known, has three aspects: 1) the inflexible pegs of undervalued currencies; 2) recent attempts by floating exchange-rate countries to resist currency appreciation; 3) quantitative easing. Europe should primarily be concerned about the first issue, which...

The paper investigates the effect of teacher characteristics (experience, level of education attainment and credentials, gender) on the achievement of eighth grade students using matched student-teacher data from the 1999, 2003 and 2007 TIMSS surveys. The analysis covers European countries, thus...

Highlights: - The European Union growth agenda has become even more pressing because growth is needed to support public and private sector deleveraging, reduce the fragility of the banking sector, counter the falling behind of southern European countries and prove that Europe is still a...

This paper examines the impact of EU enlargement on agro-food export performance across 12 new EU member states and 5 newly independent states in the EU markets covering the period 1999-2007. The performance is examined by duration of export and hazard model. We find larger duration for the...

This paper examines adult education in Hungary for the years 1999, 2001 and 2003 along three dimensions: (a) the fraction of individuals participating in adult education, (b) their demographic and socio-economic characteristics and (c) the probability of participating in adult education / adult...

In light of the importance of immigrants' labour market integration in the host countries, this study examines the employment convergence between foreign-born and native-born in the European Union (EU), by gender and broad region of origin - distinguishing between immigrants born within and...

To the extent minimum-wage regulation is effective in fighting against excessive earnings handicaps of those at the bottom of earnings distribution, it may have the side-effect of worsening their employment prospects. A demand-and-supply interpretation of data on the relative employment rate and...

The study presents a comprehensive overview of labour market forecasting activities, mostly quantitative, based on multi-sector models, in 12 countries and the European Union. The principal aim of this effort is to provide ideas, lessons and benchmarks for similar forecasting exercises in...

We explore the effect of volatility in the federal funds market on the expectations hypothesis in money markets. We find that lower volatility in the bank funding markets market, all else equal, leads to a lower term premium and thus longer-term rates for a given setting of the overnight rate....