Working paper series the phillips curve and long-term unemployment

... Evolution and studies of unemployment inthe OECD 92.1 Studies on long-term unemployment 113 Econometric model: the Phillips curve andthe NAIRU 123.1 Unemployment duration version ofthe Phillips curve ... than the newly unemployed. This paper investigates the im-portance of the second of these issues for the short-run trade-off between inflation andunemployment impl...

Ngày tải lên: 24/10/2012, 09:11

... (2002). 12 ECB Working Paper Series No. 398 October 2004 (where SI ni is the similarity index for the n th variable for the i th merger, and X Bni and X Tni are the scores of the target (Tn) and the ... RSIZE and !ROE is anticipated: the larger the target compared to the bidders (in other words, the higher the RSIZE ratio) the better is expected to be...

Ngày tải lên: 06/03/2014, 09:22

... Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain; in the second regression, the countries included are: France, Germany, Italy, the Netherlands, and Spain. ... between GDP and loan growth, on the one hand, and GPD growth and changes in credit standards, on the other hand. Results, which are reported in Table 3, panels A and...

Ngày tải lên: 15/03/2014, 10:20

... (Davis and Fagan, 1997) and therefore loan growth. The term spread, in this paper defined as the quarterly average of the daily spread between the ten-year government bond yield and the three-month ... models, the lending culture of the bank, the seniority and experience of loan officers, the banks’ hierarchy of decision-making, and so on. They thus include pr...

Ngày tải lên: 15/03/2014, 10:20

... foreign banks, they are 0.69 bps and −0.18 bps; for Landesbanks, they are 1.48 bps and 0.53 bps, and for cooperative central banks, they are 2.82 bps and 0.51 bps. Thus Landesbanks are the best performers, ... cooperatives, they are 3.47 bps and −0.18 bps; for foreign banks, they are 2.84 bps and −0.15 bps; for Landesbanks, they are 2.83 bps and 0.50 bps; and for cooperative...

Ngày tải lên: 15/03/2014, 10:20

... Italy and Portugal and to some extent Ireland. 17 ECB Working Paper Series No. 518 September 2005 Furthermore, this adjustment was affected upwards in some cases and downwards for others. And ... except Luxembourg and Greece, and the euro area, and the associated MRS and MRL. One should note that from January 1999, the MRS is the three-month EURIBOR for all...

Ngày tải lên: 15/03/2014, 14:20

... yield swap Furthermore, the changes in the yields and in the swap spreads for both Portugal and Germany, were not directly related to the change in the yield and in the swap spread in the leading ... and the renewed strengthening of the Pact in November to the stability of inflation expectations. But the comparison with the implied break-even inflation rate in...

Ngày tải lên: 22/03/2014, 23:20

... Italy and Portugal and to some extent Ireland. 17 ECB Working Paper Series No. 518 September 2005 Furthermore, this adjustment was affected upwards in some cases and downwards for others. And ... except Luxembourg and Greece, and the euro area, and the associated MRS and MRL. One should note that from January 1999, the MRS is the three-month EURIBOR for all...

Ngày tải lên: 22/03/2014, 23:20

... c. 27 ECB Working Paper Series No. 546 November 2005 28 ECB Working Paper Series No. 546 November 2005 European Central Bank working paper series For a complete list of Working Papers published by the ... estimates, and the uncertaint y surroundin g the estima tes, are fairly similar to those reported b y LW o n U S data. AsregardstheIScurve,thesumofthecoefficients o...

Ngày tải lên: 22/03/2014, 23:20