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This paper reviews recent approaches to modeling the labour market and assessestheir implications for in‡ation dynamics through both their e¤ect on marginalcost and on price-setting behaviour. In a search and matching environment, weconsider the following modeling setups: right-to-manage...
Persistent link: https://www.econbiz.de/10005866597
The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...
Persistent link: https://www.econbiz.de/10015297743
The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...
Persistent link: https://www.econbiz.de/10015297754
We use a cohort based model to analyse determinants of labour force participation fordisaggregated groups of workers in the euro area and the five largest euro areacountries. The model captures age and cohort effects as indicators of (unobserved)determinants of participation behaviour. We use...
Persistent link: https://www.econbiz.de/10005866625
The aim of this report, which has been prepared by a Task Force of the Monetary Policy Committee of the Eurosystem, is to describe and analyse the main developments in labour supply and its determinants in the euro area, review the links between labour supply and labour market institutions,...
Persistent link: https://www.econbiz.de/10015313444
The aim of this report, which has been prepared by a Task Force of the Monetary Policy Committee of the Eurosystem, is to describe and analyse the main developments in labour supply and its determinants in the euro area, review the links between labour supply and labour market institutions,...
Persistent link: https://www.econbiz.de/10015313445
This paper examines the usefulness of the Okun relationship as a "rule of thumb" for predicting changes in unemployment … differential reaction of unemployment to changes in the various expenditure components of GDP - significantly enhances the capacity … of the Okun relationship (in comparison to the aggregate "rule of thumb") for predicting movements in unemployment. The …
Persistent link: https://www.econbiz.de/10015301928
The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial …
Persistent link: https://www.econbiz.de/10015286797
The ECB's annual report on financial integration in Europe contributes to the advancement of the process of European …
Persistent link: https://www.econbiz.de/10015290855
The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial … Europe, especially in the euro area, as reflected in the Eurosystem's mission statement. Financial integration fosters a …
Persistent link: https://www.econbiz.de/10015294414