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Following Germany's Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy

di Giovanni, Julian; McCrary, Justin; von Wachter, Till - 2005

policy was more independent of Germany. …

Persistent link: https://www.econbiz.de/10010262211

Causal effects of monetary shocks: semiparametric conditional independence tests with a multinomial propensity score

Angrist, Joshua D.; Kuersteiner, Guido M. - 2008

dependent data and allowing for first-step estimation of the propensity score. …

Persistent link: https://www.econbiz.de/10010270625

The European Phillips curve: does the NAIRU exist?

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2003

This paper has two aims. First, it provides simple theoretical models that highlight two channels whereby monetary shocks have permanent real effects and the interactions between these channels. Second, it presents an empirical dynamic model, covering a panel of EU countries, and derives the...

Persistent link: https://www.econbiz.de/10010265404

Anatomy of welfare reform evaluation: Announcement and implementation effects

Blundell, Richard; Francesconi, Marco; van der Klaauw, … - 2011

This paper formulates a simple model of female labor force decisions which embeds an in-work benefit reform and explicitly allows for announcement and implementation effects. We explore several mechanisms through which women can respond to the announcement of a reform that increases in-work...

Persistent link: https://www.econbiz.de/10010282467

Growth, volatility and political instability: non-linear time-series evidence for Argentina, 1896 - 2000

Campos, Nauro F.; Karanasos, Menelaos G. - 2007

What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …

Persistent link: https://www.econbiz.de/10010268236

Does the Glass Ceiling Exist? A Cross-National Perspective on

Gang, Ira N.; Landon-Lane, John S.; Yun, Myeong-Su - 2003

We compare male and female upward labor income mobility in Germany and the United States using the GSOEP-PSID Cross … is considerable evidence in favor of a glass ceiling both in Germany and the United States. In Germany the glass ceiling …

Persistent link: https://www.econbiz.de/10010274497

Gender Differences in German Upward Income Mobility

Gang, Ira N.; Landon-Lane, John S.; Yun, Myeong-Su - 2002

We examine the upward labor income mobility of men and women in Germany using the GSOEP Cross National Equivalent File …

Persistent link: https://www.econbiz.de/10010274499

The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics

Christoffel, Kai; Linzert, Tobias - 2005

In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions affect the transmission process of monetary policy. The...

Persistent link: https://www.econbiz.de/10010267287

Expected inflation, sunspots equilibria and persistent unemployment fluctuations

Dufourt, Frédéric; Lloyd-Braga, Teresa; Modesto, Leonor - 2009

European unemployment rates. They also generate positive comovements in macroeconomic variables and a large relative volatility …

Persistent link: https://www.econbiz.de/10010271258

Modelling volatilities and conditional correlations in futures markets with a multivariate t distribution

Pesaran, Bahram; Pesaran, Mohammad Hashem - 2007

than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on …-DCC specification. The t-DCC model also passes a number of VaR diagnostic tests over an evaluation sample. The estimation results … suggest a general trend towards a lower level of return volatility, accompanied by a rising trend in conditional cross …

Persistent link: https://www.econbiz.de/10010276254