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Mircheva, Borislava; Muir, Dirk - International Monetary Fund (IMF) - 2015

Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … of integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We …

Persistent link: https://www.econbiz.de/10011242239

Spillovers to and from the Nordic Economies: A Macroeconometric Model Based Analysis

Vitek, Francis - International Monetary Fund (IMF) - 2013

This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...

Persistent link: https://www.econbiz.de/10010790263

Financial Stability In An Evolving Regulatory And Supervisory Landscape

Xiao, Yingbin - International Monetary Fund (IMF) - 2013

This paper runs qualitative and quantitative analyses of the financial soundness of Danish banks. Helped by a series of Denmarkâ€™s financial policy initiatives, banks have made progress in improving financial stability. However, vulnerabilities remain. To mitigate risks, banks should...

Persistent link: https://www.econbiz.de/10011142084

Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?

Iossifov, Plamen; Podpiera, Jiri - International Monetary Fund (IMF) - 2014

The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the euro area inflation target. To shed light on this issue, we estimate an open-economy, New Keynsian Phillips curve, in which we control for...

Persistent link: https://www.econbiz.de/10010959481

Danish for All? Balancing Flexibility with Security; The Flexicurity Model

Zhou, Jian-Ping - International Monetary Fund (IMF) - 2007

The Danish flexicurity model has attracted attention among policymakers in Europe, because it suggests that a flexible labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960-2002, the paper identifies the elements of the...

Persistent link: https://www.econbiz.de/10005825613

Reforming Employment Protection Legislation in France

Zhou, Jian-Ping - International Monetary Fund (IMF) - 2006

Over the last 15 years, the reforms of employment protection legislation (EPL) in European countries have mainly eased hiring and firing restrictions for temporary employment while leaving the strict EPL provisions for regular or permanent contracts unchanged. Recent reforms in France follow...

Persistent link: https://www.econbiz.de/10005825839

Macroeconomics of Migration in New Member States

Bems, Rudolfs; Schellekens, Philip - International Monetary Fund (IMF) - 2008

This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor...

Persistent link: https://www.econbiz.de/10005825900

Wage Compression, Employment Restrictions and Unemployment; The Case of Mauritius

International Monetary Fund (IMF); International … - 2004

Governments often intervene in labor markets with the aim of reducing inequality and promoting employment. Such intervention often results in wage compression and restrictions on how firms use their workers. This paper investigates the impact of such interventions on the labor market conditions...

Persistent link: https://www.econbiz.de/10005826536

The Italian Labor Market; Recent Trends, Institutions, and Reform Options

Schindler, Martin - International Monetary Fund (IMF) - 2009

Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country...

Persistent link: https://www.econbiz.de/10005826596

Reforming Labor and Product Markets; Some Lessons From Two Decades of Experiments in Europe

Boeri, Tito - International Monetary Fund (IMF) - 2005

This paper evaluates European structural reforms over the last 20 years, in light of economic theory predictions about interactions between labor and product market reforms. Reforms in labor markets occur at higher frequencies than in product market, which are, however, more coherent. These...

Persistent link: https://www.econbiz.de/10005826643