Results 91 to 100 of about 229 (205)
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source
ABSTRACT The paper examines the macroeconomic effects of public investment in emerging market and developing economies (EMDEs). To this end the analysis develops a new measure of public investment shocks based on cyclically adjusted government investment.
Amat Adarov +2 more
wiley +1 more source
Glossary: economics and health. [PDF]
McCartney G +4 more
europepmc +1 more source
What Are The Drivers of Labor Productivity in Italy?
ABSTRACT This paper introduces a novel sign restriction identification within a structural Bayesian vector autoregression (VAR) to analyse how labour productivity responds to supply and demand shocks and to quantify the contribution of shocks to cyclical fluctuations.
Josué Diwambuena, Francesco Ravazzolo
wiley +1 more source
Anchored or Adrift? A Note on Measuring Inflation Expectations Anchoring
ABSTRACT We develop a behavioural model of inflation which contains an indicator that quantifies the expectations unanchoring risk over the business cycle. We estimate this model using US and Canadian inflation and output gap data. We find that during the post‐pandemic inflation surge, the macroeconomic data are compatible with non mean‐reverting ...
Olena Kostyshyna +2 more
wiley +1 more source
From industrial to digital citizenship: rethinking social rights in cyberspace. [PDF]
Tomasello F.
europepmc +1 more source
Learning From 25 Years of Changes in Business Tax Policy
Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley +1 more source
The reaction of firms' expectations to monetary policy: evidence from Norwegian firms
Abstract An important transmission channel of monetary policy is the expectations channel. However, although this channel is important in theory, it has received limited attention in the empirical literature. One reason for this lack of focus is the scarcity of data on firms' expectations.
Jon Ellingsen
wiley +1 more source
South Africa's Inflation: Monetary or Fiscal
ABSTRACT Conventional macroeconomics has viewed inflation as a monetary phenomenon through the quantity theory of money. Ever‐increasing sovereign debt globally has caused concern amongst economists. These concerns follow not from the ability of governments to repay their debt, but rather the impact of sizeable debt portfolios on price levels.
Guangling Liu, Christopher D. Solomon
wiley +1 more source
An ecology of moral infrastructure: Canadian social work ethics, 1940–2024
Abstract Social work is held to be unified by a stable, coherent value base across time and jurisdiction. Drawing on articulation theory and infrastructure studies, this paper provides the first systematic historical analysis of eight Canadian Association of Social Workers codes (1940–2024) as assembled within an ecology of moral infrastructure ...
Tina E. Wilson
wiley +1 more source

