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Georges-Kot, Simon; Goux, Dominique; Maurin, Eric - 2022

This paper explores the extent to which workers are willing to trade hours worked for leisure time shared with their spouse. This parameter is essential to properly assess contemporary trends in the regulation of work and leisure time. We use the fact that the number and timing of paid vacation...

Persistent link: https://www.econbiz.de/10013351744

Transmission of Business Cycle Shocks between Unequal Neighbours: Germany and Austria

Fenz, Gerhard; Schneider, Martin - 2007

This paper analyses the comovement of the German and Austrian economies and the transmission of German shocks to Austria. Static and dynamic correlation measures show a strong comovement and a change of the relative position in time of these two economies. The transmission of German shocks to...

Persistent link: https://www.econbiz.de/10013370054

The convergence evolution in Europe from a complex networks perspective

Papadimitriou, Theophilos; Gkonkas, Periklēs; … - In: Journal of Risk and Financial Management 15 (2022) 10, pp. 1-14

The evolution of the convergence among the European countries, including both Eurozone as well as non-Eurozone economies, is investigated in this paper. To do so, we construct correlation-based networks and study them by employing the Threshold Weighted-Minimum Dominating Set (TW-MDS) algorithm...

Persistent link: https://www.econbiz.de/10014332656

International macroeconomic vulnerability

Velloso, João; Garcia, Márcio Gomes Pinto; Guillen, Diogo - 2022

We propose and implement an index of macroeconomic vulnerability to foreign shocks based on a structural time-varying bayesianVARwith a block-exogeneity hypothesis for a given pair of a large economy and a small open economy. The index is based on the sum of the responses of the small open...

Persistent link: https://www.econbiz.de/10014388402

Institutions and business cycles

Altug, Sumru; Emin, Mustafa; Neyapti, Bilin - 2011

, we also examine the determinants of business cycle synchronization for the countries in our sample. In contrast to … earlier studies which seek to account for such synchronization using gravity arguments as well as trade intensity and …

Persistent link: https://www.econbiz.de/10010273647

Simultaneous Vehicle and Crew Routing and Scheduling for Partial- and Full-Load Long-Distance Road Transport

Drexl, Michael; Rieck, Julia; Sigl, Thomas; Press, Bettina - In: BuR - Business Research 6 (2013) 2, pp. 242-264

interdependencies between trucks and drivers and requires the synchronization of their routes. A solution heuristic based on a two …

Persistent link: https://www.econbiz.de/10010421389

Do Institutions and Culture Matter for Business Cycles?

Altug, Sumru; Canova, Fabio - 2012

cycle features. Business cycle synchronization is tightly related to similarities in the institutional environment …

Persistent link: https://www.econbiz.de/10010500213

Regionalization vs. Globalization

Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher - 2013

Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...

Persistent link: https://www.econbiz.de/10010500234

Short run dynamics of income disparities and regional cycle synchronization

Duran, Hasan Engin - 2011

Since the 1990s, the issue of regional income convergence and its long term tendencies has been thoroughly and heatedly discussed. Much less attention, however, has been devoted to the short-run dynamics of regional convergence. In particular, three important aspects have not yet been adequately...

Persistent link: https://www.econbiz.de/10011336229

Macroeconomic Aspects of European Integration: Fiscal Policy, Trade Integration and the European Business Cycle

Crespo-Cuaresma, Jesús; Pfaffermayr, Michael; Amador, … - 2011

We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …

Persistent link: https://www.econbiz.de/10011345634