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Indeterminacy of rational expectations equilibria in sequential financial markets

Donati, Paola - 2003

We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...

Persistent link: https://www.econbiz.de/10009635915

Cyprus: immigration, wage indexation and the adjustment in EMU

Eliofotou, Polyvios S. - 2008

result in inappropriate real interest rates and wrong private expectations, thus hampering macroeconomic stability …

Persistent link: https://www.econbiz.de/10009641105

The Swedish labour market model: performance under outside pressures

Fischer, Jonas - 2006

Persistent link: https://www.econbiz.de/10009668619

Tackling the recession : Employment-related public initiatives in the EU Member States and Norway

Mandl, Irene; Salvatore, Lidia - European Foundation for the Improvement of Living and … - 2009

As European economies slide into recession, companies face increasing financial difficulties as sales decline and prospects for a quick recovery recede. Consequently, a growing number of businesses are coming under threat, putting the jobs of more workers at risk. Already across Europe many...

Persistent link: https://www.econbiz.de/10010254602

Does bargaining matter in the small firm's matching model?

l’Haridon, Olivier; Malherbet, Franck; Pérez-Duarte, … - 2011

's matching model of unemployment. To the best of our knowledge, this is the first attempt to implement and systematically compare … these solutions in search-matching economies. Our results are twofold. First from the theoretical and methodological … viewpoint, we extend a somewhat flexible search-matching economy to alternative bargaining solutions. In particular, we prove …

Persistent link: https://www.econbiz.de/10009639478

The longer term refinancing operations of the ECB

Linzert, Tobias; Nautz, Dieter; Bindseil, Ulrich - 2004

This paper employs individual bidding data to analyze the empirical performance of the longer term reﬁnancing operations (LTROs) of the European Central Bank (ECB). We investigate how banks’ bidding behavior is related to a series of exogenous variables such as collateral costs, interest...

Persistent link: https://www.econbiz.de/10009639413

Effects of ICT production on aggregate labour productivity growth

European Commission / Enterprise and Industry … - 2006

Persistent link: https://www.econbiz.de/10009637766

Nachhaltiges Produktivitätswachstum und Qualität des Arbeitsleben : Anhörungen am 12. Juni und 9. September 2008

Europäischer Wirtschafts- und Sozialausschuss - 2009

On 12 June and 9 September 2008 the EESC Labour Market Observatory organised two hearings on "Sustainable Productivity Growth and Quality of Working Life".

Persistent link: https://www.econbiz.de/10010260408

Financial market integration and loan competition

Kaas, Leo - 2004

The paper analyzes how the removal of barriers to entry in banking affect loan competition, bank stability and economic …

Persistent link: https://www.econbiz.de/10009639463

An empirical study of liquidity and information effects of order flow on exchange rate

Breedon, Francis; Vitale, Paolo - 2004

We propose a simple structural model of exchange rate determination which draws from the analytical framework recently proposed by Bacchetta and van Wincoop (2003) and allows us to disentangle the liquidity and information effects of order flow on exchange rates. We estimate this model employing...

Persistent link: https://www.econbiz.de/10009639485