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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
This paper examines whether the minutes of the Bank of England's Monetary Policy Committee (MPC) have provided markets with additional information about the future course of monetary policy. The paper conducts an econometric approach based on an Ordered Probit model explaining future policy rate...
Persistent link: https://www.econbiz.de/10015298949
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typicallypredicts more aggressive wage setting under monetary union. This insight has not beenconfirmed by the EMU experience, which has been characterised by wage moderation,thereby eliciting criticism from Posen and...
Persistent link: https://www.econbiz.de/10005866574
This volume contains a collection of papers, commentaries and speeches that review the strategic and operational decisions taken by the central banks to combat the crisis and that reflect on the lessons for the future. The contributions are grouped around five broad topics: monetary policy...
Persistent link: https://www.econbiz.de/10009209883
This volume contains a collection of papers, commentaries and speeches that review the strategic and operational decisions taken by the central banks to combat the crisis and that reflect on the lessons for the future. The contributions are grouped around five broad topics: monetary policy...
Persistent link: https://www.econbiz.de/10009209884
This volume contains a collection of papers, commentaries and speeches concerning the first decade of the euro and the recent global financial crisis.
Persistent link: https://www.econbiz.de/10009209885
"unemployment volatility puzzle". We let new matches andcontinuing jobs differ by their productivity levels and by their sensitivity …
Persistent link: https://www.econbiz.de/10005866471
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
markets. Less robust evidence suggests that the unemployment-benefit replacement rate exerts a negative impact on part …-time employment - indicating the presence of unemployment traps for some potential part-time workers. Cross-country evidence also … supply, labor market policies, institutions, regulations, the business cycle, child benefits, unemployment benefits, trade …
Persistent link: https://www.econbiz.de/10015317427