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One of the most obvious consequences of a monetary union is that monetary policy is lost as an instrument of national macroeconomic policy. The loss of the exchange rate as a national policy instrument has important implications for macroeconomic stability in the presence of asymmetric shocks,...
Persistent link: https://www.econbiz.de/10005543258
In a big amount of economies (NUTS-I) the evolution of manufacturing production is analysed using Gross Domestic Product (GDP) and Gross Added Value (GAV) data from National Accounts. In Spain, the problem of using these data is that they are not available as soon as it would be desirable. In...
Persistent link: https://www.econbiz.de/10005817504
One aspect that has not been widely considered by the literature on the topic is differential overeducation, the existence of differences among men and women in terms of overeducation as a result of the geographical restrictions of married woman when searching for job. In this context, Büchel y...
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In applied regional analysis, statistical information is usually published at different territorial levels with the aim of providing information of interest for different potential users. When using this information, there are two different choices: first, to use normative regions (towns,...
Persistent link: https://www.econbiz.de/10005747913
One of the main questions to solve when analysing geographically added information consists of the design of territorial units adjusted to the objectives of the study. In fact, in those cases where territorial information is aggregated, ad-hoc criteria are usually applied as there are not...
Persistent link: https://www.econbiz.de/10005225206
Changes in production and employment are closely related over the course of the business cycle. However, as exemplified by the laws of Verdoorn (1949, 1993) and Okun (1962, 1970), thresholds seem to be present in the relationship. Due to capacity reserves of the firms, output growth must exceed...
Persistent link: https://www.econbiz.de/10005817382
In this paper, we use the Beveridge relationship to address the effectiveness of the matching process, that brings workers searching for jobs together with employers searching for workers. For a fixed matching technology, the curve yields a negative relation between the unemployment rate and the...
Persistent link: https://www.econbiz.de/10005817648