Labour costs dynamics in the Euro area: some empirical evidence

ECB Labour market mismatches in euro area countries, March 2002

Telex 411 144 ecb d All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. 3 E C B • L a b o u r m a r k e t m i s m a t c h e s i n e u r o a r e a c o u n t r i e s • M a r c h 2 0 0 2

Rebalancing the Euro area: the costs of internal devaluation

Institutional diversity in the Euro area : any evidence of convergence ?

The institutional characteristics of the 19 Euro countries, such as Government efficiency or undue influence or corporate ethics, have diverged in the period 2006-2015. This endangers the sustainability of the EMU, as institutional characteristics are an important element of competitiveness. We find that the overall inequality in the state of institutions across the EMU, as measured by the Gini...

Wealth effects on consumption: evidence from the euro area

This paper estimates the wealth effects on consumption in the euro area as a whole. I show that: (i) financial wealth effects are relatively large and statistically significant; (ii) housing wealth effects are virtually nil and not significant; (iii) consumption growth exhibits strong persistence and responds sluggishly to shocks; and (iv) the immediate response of consumption to wealth is subs...

Tax Reform and Labour-market Performance in the Euro Area a Simulation-based Analysis Using the New Area-wide Model

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