Showing 1 - 10 of 81
Purpose – How many hours per week should workers in the USA and Germany spend at their paying jobs? The present paper aims to address this question by constructing policymakers' reaction functions capable of modelling the optimal length of working time as a function of the relevant labour...
Persistent link: https://www.econbiz.de/10004987113
This paper aims at analysing the dynamic properties of real wages over the business cycle. We apply a Bayesian vector autoregressive (BVAR) model and analyse the possible asymmetric behaviour of real wages in response to different macroeconomic shocks. Finally, we use the NBER business cycle...
Persistent link: https://www.econbiz.de/10009132761
Purpose – How many hours per week should workers in the USA and Germany spend at their paying jobs? The present paper aims to address this question by constructing policymakers' reaction functions capable of modelling the optimal length of working time as a function of the relevant labour...
Persistent link: https://www.econbiz.de/10010666610
Persistent link: https://www.econbiz.de/10005364085
Persistent link: https://www.econbiz.de/10007872816
This paper investigates the out-of-sample forecast performance of a set of competing models of exchange rate determination. We compare standard linear models with models that characterize the relationship between exchange rate and its underlying fundamentals by nonlinear dynamics. Linear models...
Persistent link: https://www.econbiz.de/10012754186
Persistent link: https://www.econbiz.de/10005426866
The aim of this paper is to explore the impact of intra- and inter-industry spillover components on productivity of large International firms. We use data from all EU R&D investment scoreboards editions issued every year until 2011 by the JRC-IPTS (scoreboards). The analysis is based upon a new...
Persistent link: https://www.econbiz.de/10011186479
This study contributes to existing literature on firms’ innovative activity examining the influence of both internal firms’ physical and R&D capital, and external national and international knowledge spillovers. The paper presents a cross national analysis of United States, Japan and Europe...
Persistent link: https://www.econbiz.de/10011191502
This study contributes to existing literature on firms’ innovative activity examining the relationship between the R&D rivalry and spillovers at the firm level. In particular, we present an empirical analysis in United States, Japan and Europe based upon a new dataset composed of 879 worldwide...
Persistent link: https://www.econbiz.de/10011234842