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Author: Eva Ortega
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 74
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Book Description
Estudio comparativo sobre la relación entre las fluctuaciones de los ciclos económicos de España y sus vecinos europeos en las últimas décadas, de acuerdo a los criterios de varios autores como Backus, Kehoe y Kydland entre otros.
Author: Eva Ortega
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 74
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Book Description
Estudio comparativo sobre la relación entre las fluctuaciones de los ciclos económicos de España y sus vecinos europeos en las últimas décadas, de acuerdo a los criterios de varios autores como Backus, Kehoe y Kydland entre otros.
Author: Carmela Martín
Publisher: Palgrave MacMillan
ISBN: 9780312230067
Category : History
Languages : en
Pages : 307
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Book Description
"If we review the theoretical literature on monetary unions, we find that the crucial issues that determine their success are the degree of similarity of the countries' economic structures and the level of economic interdependence between the member countries. The present book seeks to explore those matters, taking into account the theoretical debate and drawing on a new, homogenous and broad data base in order to evaluate the present situation and the further prospects of the Spanish economy and its partners in the process of building the New Europe, namely: an economic and monetary union that is currently in the process of consolidation and of enlargement toward's Eastern Europe."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Author: Michael J. Artis
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 48
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Book Description
Author: Joseph Harrison
Publisher:
ISBN:
Category : Economic history
Languages : en
Pages : 92
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Book Description
Author: Alexandra Ferreira Lopes
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We present the business cycles results of European Union Countries in terms of volatility, persistence and cross country correlation. The results are in line with business cycles stylized facts and show a high degree of cross country correlation between member countries, although the volatilities presented are quite heterogeneous, suggesting different impacts of shocks on economies. A detailed study of GDP business cycle shows that business cycles in Germany, France, Italy, Belgium, Holland, Portugal and Spain are coincident, but there is no evidence of that fact for Austria, Finland, Sweden, Denmark and specially for United Kingdom.
Author: Mr.Jeffrey R. Franks
Publisher: International Monetary Fund
ISBN: 1451852576
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.
Author: Richard Gillespie
Publisher: Routledge
ISBN: 1135272654
Category : Political Science
Languages : en
Pages : 244
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Book Description
This volume assesses the evolution of Spain's external relations during the 1990s, within and beyond Europe, and assesses the principal challenges facing the country at the beginning of the twenty-first century. The coincidence of several crucial global and European developments has had a profound effect on Spain. Adjustment of the economy and changes in foreign policy perspectives have become unavoidable. In turn, Spain, as an increasingly self-confident member of the EU, has itself become a significant actor in European-level developments. Spain's relationship with Europe and the wider world is increasingly balanced between new constraints and new opportunities for international influence.
Author: Greg Clark
Publisher: European Investment Bank
ISBN: 9286138784
Category : Business & Economics
Languages : en
Pages : 124
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Book Description
By the end of this century, 9 out of 10 Europeans will live in an urban area. But what kind of city will they call home? You'll find all the answers in CITY, TRANSFORMED, the new essay series from the European Investment Bank. This panoramic first essay in the series lays out a great sweeping history of European cities over the last fifty years—and showcases new directions being taken by some of our most innovative cities. Urban experts Greg Clark, Tim Moonen, and Jake Nunley based at University College London take a definitive look at how Europe's cities transformed from post-industrial decline to thriving metropolises that are as prosperous and liveable as anywhere on Earth.
Author: Raquel Fonseca
Publisher: Presses univ. de Louvain
ISBN: 9782930344089
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Since the mid-1970s Spain has suffered from persistently high unemployment, as it has occurred in other parts of Europe. Although during the last few years the unemployment level has declined, there are still enormous disparities in the unemployment rate across groups, skills and regions. This thesis attempts to shed some light on the mechanisms of unemployment persistence and skill and regional mismatch in Spain. Chapter 1 provides a first introductory analysis of Spanish data. The chapter emphasises the importance of skill and regional mismatch, which may have contributed about fifty percent to the observed increase in total unemployment over the last twenty years. The chapter also studies the cyclical pattern in the Spanish unemployment, which is a very important aspect in view of its magnitude. The following three chapters are devoted to the evaluation of different mechanisms that may have been at work. In all three chapters, the analysis relies on the specification, calibration and simulation of dynamic general equilibrium models with matching on the labour market. Chapter 2 focuses on cyclical fluctuations, with particular emphasis on the role of reallocation shocks. Chapter 3 focuses on « skill mismatch »; more precisely the chapter investigates to what extent unemployment rate disparities across skill groups can be explained in terms of a « ladder effect ». Chapter 4 focuses on regional disparities. A model is built to investigate the possible determinants of regional disparities and the role of labour mobility.
Author: Mr.Ayhan Kose
Publisher: International Monetary Fund
ISBN: 1451870019
Category : Business & Economics
Languages : en
Pages : 51
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Book Description
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose macroeconomic fluctuations in key macroeconomic aggregates-output, consumption, and investment-into different factors. These are: (i) a global factor, which picks up fluctuations that are common across all variables and countries; (ii) three group-specific factors, which capture fluctuations that are common to all variables and all countries within each group of countries; (iii) country factors, which are common across all aggregates in a given country; and (iv) idiosyncratic factors specific to each time series. Our main result is that, during the period of globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies and among the group of emerging market economies. Surprisingly, there has been a concomitant decline in the relative importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups of countries but divergence (or decoupling) between them.
