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the COVID-19 pandemic on the auto sector and aggregate activity in Europe. Our results suggest that these labor supply … shocks would have a significant adverse impact on the major auto producers in Europe, with one-third of the decline in the …
Persistent link: https://www.econbiz.de/10013170591
This paper examines the role of sectoral spillovers in propagating sectoral shocks in the broader economy, both in the past and during the COVID-19 pandemic. In particular, we study how shocks that occur within a sector itself and spillovers from shocks to other sectors affect sectoral activity,...
Persistent link: https://www.econbiz.de/10013305634
In 2021-22, inflation in Europe soared to multidecade highs, consistently exceeding policymakers’ forecasts and … surprising with its wide cross-country dispersion. This paper analyzes the key drivers of the inflation surge in Europe and its … variation across countries. The analysis highlights significant differences in Phillips curve parameters across Europe …
Persistent link: https://www.econbiz.de/10014257255
pandemic might accelerate the automation of jobs across Europe, something which often happens following recessions. While …
Persistent link: https://www.econbiz.de/10014237478
economies albeit using diverse strategies. This paper introduces a novel daily database of sectoral reopening measures in Europe …
Persistent link: https://www.econbiz.de/10013314836
This study investigates the time-varying frequency of spillovers between European stock markets and oil during the COVID-19 pandemic and the Russia-Ukraine war. Using the spillover index by Diebold & Yilmaz, 2012 and Baruník & Křehlík, 2018, we analyze high-frequency data at a 5-min interval...
Persistent link: https://www.econbiz.de/10014635385
World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in international supply chains were widely reported as governments imposed containment measures (lockdowns) to halt the spread of the disease. At the same time, demand declined as...
Persistent link: https://www.econbiz.de/10013250078
This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of S¸ahin et al. (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third quarter...
Persistent link: https://www.econbiz.de/10013295149
The COVID-19 pandemic had posed a dramatic impact on labor markets across Europe. Forceful fiscal responses have …
Persistent link: https://www.econbiz.de/10014254891
In this paper we investigate the patents role in the relationship between R&D activity, spillovers and employment at the firm level. A reduced form labour demand equation is estimated. R&D expenditures can account for both product and process innovation. The analysis is based upon a new dataset...
Persistent link: https://www.econbiz.de/10013050031