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Labour Market Adjustments in Europe and the US : How Different?

Beyer, Robert - 2015

We compare the labour market response to region-specific shocks in Europe and the US and to national shocks in Europe …-specific variables and the country factors. We find that both in Europe and the US labour mobility accounts for about 50% of the long run … adjustment to region-specific labour demand shocks and only a little more in the US than in Europe, where adjustment takes twice …

Persistent link: https://www.econbiz.de/10013025742

What Has Driven Inflation Dynamics in the Euro Area, the United Kingdom and the United States

Melolinna, Marko - 2015

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/10013020653

Housing, Consumption and Monetary Policy : How Different are the US and the Euro Area?

Musso, Alberto - 2012

The paper provides a systematic empirical analysis of the role of the housing market in the macroeconomy in the US and in the euro area. First, it establishes some stylised facts concerning key variables in the housing market, such as the real house price, residential investment and mortgage...

Persistent link: https://www.econbiz.de/10013116395

Quantifying the Qualitative Responses of the Output Purchasing Managers Index in the US and the Euro Area

Vermeulen, Philip - 2012

The survey based monthly US ISM production index and Eurozone manufacturing PMI output index provide early information on industrial output growth before the release of the official industrial production index. I use the Carlson and Parkin probability method to construct monthly growth estimates...

Persistent link: https://www.econbiz.de/10013111947

Asset Returns Under Model Uncertainty : Evidence From the Euro Area, the US and the UK

Sousa, João - 2013

The goal of this paper is to analyze predictability of future asset returns in the context of model uncertainty. Using data for the euro area, the US and the UK, we show that one can improve the forecasts of stock returns using a model averaging approach, and there is a large amount of model...

Persistent link: https://www.econbiz.de/10013078196

New Technologies and Jobs in Europe

Albanesi, Stefania; Silva, António Dias da; Jimeno, Juan F. - 2023

software in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level in Europe, we find …

Persistent link: https://www.econbiz.de/10014346583

Medium Run Redux : Technical Change, Factor Shares and Frictions in the Euro Area

McAdam, Peter - 2008

economies of continental Europe. A time-varying factor-augmenting production function (mimicking quot;directedquot; technical …

Persistent link: https://www.econbiz.de/10012771612

The Effect of Public Investment in Europe : A Model-Based Assessment

de Jong, Jasper - 2017

We consider the effect of an increase in public investments on output in Europe against the background of a sharp drop …

Persistent link: https://www.econbiz.de/10012962598

Bank Efficiency and Regional Growth in Europe : New Evidence from Micro-Data

Belke, Ansgar Hubertus - 2017

This paper examines whether European regions which incorporate banks with a higher intermediation quality grow faster and are more resilient to negative shocks than its less efficient peers. For this purpose, we measure a bank's intermediation quality by estimating its profit and cost efficiency...

Persistent link: https://www.econbiz.de/10012963950

Lobbying in Europe : New Firm-Level Evidence

Dellis, Konstantinos - 2017

Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed decisions. If going far beyond this, in particular if successfully influencing policy makers to unnecessarily tighten regulation or not opening already excessively regulated markets,...

Persistent link: https://www.econbiz.de/10012954407