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Persistent link: https://www.econbiz.de/10015316616
We compare the labour market response to region-specific shocks in Europe and the US and to national shocks in Europe and investigate changes over time. We employ a multi-level factor model to decompose regional labour market variables and then estimate the dynamic response of the employment...
Persistent link: https://www.econbiz.de/10015298703
This paper studies factors behind inflation dynamics in the euro area, the UK and the US. It introduces a factor-augmented vector autoregression (FAVAR) framework with sign restrictions to study the effects of fundamental macroeconomic shocks on inflation in the three economies. The FAVAR model...
Persistent link: https://www.econbiz.de/10015299048
' sources of influence (e.g., lobbying expenditures, proximity to the relevant legislative committee, prior affiliation with … sources of influence in actual regulatory treatment: Lobbying activities are more effective with increasing lobbying …
Persistent link: https://www.econbiz.de/10015298388
China's impressive export growth over past decades has raised concerns that European producers might be driven out of … exporters - particularly exporters from central, eastern and south-eastern Europe - performed in the 2000s relative to China … that is not yet served by China have become far less common, with Germany being the sole exception in this regard. Thus, we …
Persistent link: https://www.econbiz.de/10015301853
Persistent link: https://www.econbiz.de/10015298363
increased over time. Our results suggest that a 10% increase in geopolitical distance, like the observed increase in the US-China …
Persistent link: https://www.econbiz.de/10015275659
Persistent link: https://www.econbiz.de/10015285213
The management report is an integral part of the ECB's Annual Accounts and is designed to provide readers with contextual information related to the financial statements. Given that the ECB's activities and operations are undertaken in support of its policy objectives, its financial position and...
Persistent link: https://www.econbiz.de/10015285233
TARGET2-Securities (T2S) is a pan-European platform for securities settlement, developed and operated by the Eurosystem. By September 2017, 22 central securities depositories (CSDs), covering 20 European markets had joined the platform, and now settle euro securities transactions in T2S. The...
Persistent link: https://www.econbiz.de/10015285523