Title:Referral Networks and the Allocation of Talent
Author(s):POTHIER, DavidDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study a model of occupational choice where workers must rely on their social contacts to acquire job vacancy information. Contrary to the existing literature, we allow for worker heterogeneity in terms of their idiosyncratic ...
Title:The Refoundation of Symmetric Equilibrium in Schumpeterian Growth Models
Author(s):COZZI, Guido; GIORDANI, Paolo; ZAMPARELLI, LucaDate:2007Type of Publication:ArticleAbstract:We provide a refoundation of the symmetric growth equilibrium characterizing the research sector of vertical R&D-driven growth models. We argue that the usual assumptions made in this class of models leave the agents ...
Title:Regime Switching Interest Rates and Fluctuations in Emerging Markets
Author(s):GRUSS, Bertrand; MERTENS, KarelDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We estimate regime switching models for emerging market interest rates and embed the obtained nonlinear dynamics in a small open economy model with a financial friction. We show that the presence of an infrequent regime ...
Title:Regime-Dependent Impulse Response Functions in a Markov-Switching Vector Autoregression Model
Author(s):EHRMANN, Michael; ELLISON, Martin; VALLA, NatachaDate:2003Type of Publication:ArticleAbstract:This paper combines both Markov-switching and structural identifying restrictions in a vector autoregression model. The resulting regime-dependent impulse response functions show how the reaction of variables in the model ...
Title:Regional Debt in Monetary Unions: Is It Inflationary?
Author(s):COOPER, Russell; KEMPF, Hubert; PELED, DanDate:2010Type of Publication:ArticleAbstract:This paper studies the inflationary implications of interest bearing regional debt in a monetary union. Is this debt simply backed by future taxation with no inflationary consequences? Or will the circulation of region ...
Title:Regional Inflation Dynamics within and Across Euro Area Countries and a Comparison with the United States
Author(s):BECK, Guenter W.; HUBRICH, Kirstin; MARCELLINO, MassimilianoDate:2009Type of Publication:ArticleAbstract:Inflation differentials across regions of an integrated economy can reflect a proper response to demand and supply conditions, but can also indicate distortions with negative welfare implications. Using a novel dataset of ...
Title:Regional Unemployment and Its Persistence in Transition Countries
Author(s):BORNHORST, Fabian; COMMANDER, SimonDate:2006Type of Publication:ArticleAbstract:We look at the differences in regional unemployment rates in six major transition countries and their persistence over time. We analyse the role various adjustment mechanisms play. While movement out of the labour force ...
Title:Regulating the banking sector
Author(s):SCHNEIDER, FriedrichDate:1989Type of Publication:ThesisSeries/Report no.:EUI PhD theses