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Labor productivities and labor costs in Euroland
Siebert, Horst - 1998
The paper presents labor productivities in the member countries of Euroland. The result is that there is quite a divergence in labor productivities (per head) in the European Monetary Union. The Netherlands and Italy reach 85 percent of the West German level, Spain 62 and Portugal 35. This...
Persistent link: https://www.econbiz.de/10010265352
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Durable goods and ICT: The drivers of Euro area productivity growth?
Jalava, Jukka; Kavonius, Ilja Kristian - 2008
productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer … durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity …
Persistent link: https://www.econbiz.de/10010273013
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Financial liberalization, growth, productivity and capital accumulation: The case of European integration
Gehringer, Agnieszka - 2012
, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10010311699
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Does the Dispersion of Unit Labor Cost Dynamics in the EMU Imply Long-run Divergence? Results from a Comparison with the United States of America and Germany
Dullien, Sebastian; Fritsche, Ulrich - 2007
Using unit labor cost (ULC) data from Euro area countries as well as US States and German L¨ander we investigate inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models. All in all we cannot reject convergence of ULC growth...
Persistent link: https://www.econbiz.de/10010260904
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The Educational and Professional Background of Central Bankers and its Effect on Inflation - An Empirical Analysis
Göhlmann, Silja; Vaubel, Roland - 2005
We assume that central banks can control inflation so that inflation rates reflect the preferences of the central bank council.The hypothesis to be tested is that these preferences depend on the central bankers? educational and/or professional background. In a panel data analysis for the euro...
Persistent link: https://www.econbiz.de/10010261030
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Equal size, equal role? Interest rate interdependence between the Euro area and the United States
Ehrmann, Michael; Fratzscher, Marcel - 2003
This paper investigates whether the degree and the nature of economic and monetary policy interdependence between the United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the perspective of financial markets by analysing the...
Persistent link: https://www.econbiz.de/10010298252
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Unit Labor Cost Growth Differentials in the Euro Area, Germany, and the US: Lessons from PANIC and Cluster Analysis
Fritsche, Ulrich; Kuzin, Vladimir N. - 2007
area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of …
Persistent link: https://www.econbiz.de/10010260899
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Arbeitsproduktivität und Löhne in der Europäischen Währungsunion
Siebert, Horst - In: Die Weltwirtschaft (1998) 2, pp. 115-120
Persistent link: https://www.econbiz.de/10010313950
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Central banks, trade unions and reputation - is there room for an expansionist manoeuvre in the European Union?
Pusch, Toralf; Heise, Arne - 2008
risk associated with employment expansion (if trade unions cooperate the risk pays off). Moreover, results change …, improves the likelihood of employment expansion. …
Persistent link: https://www.econbiz.de/10010302517
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EZB contra Gewerkschaften? Mit Reputationsaufbau zur Vollbeschäftigung in Europa
Pusch, Toralf - 2008
Wenige Jahre nach der Etablierung der EWU zeigt sich ein gespaltenes Bild. Trotz unbestreitbarer Erfolge bei der Sicherung von Preisstabilität scheint die Beschäftigungs-Performance des Euroraums getrübt. Im vorliegenden Beitrag wird die These vertreten, dass dies auch an einer mangelhaften...
Persistent link: https://www.econbiz.de/10010302523