 | Immigration and Wage Dynamics in Germany Author/Editor: Sabine Klinger, Anvar Musayev, Jean-Marc Natal, Enzo Weber. Release Date:December, 2019 German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the more...
| Price: $18.00
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| How Informative Are Real Time Output Gap Estimates in Europe? Author/Editor: Alvar Kangur, Koralai Kirabaeva, Jean-Marc Natal, Simon Voigts. Release Date:September, 2019 We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 1994-2017. The analysis shows that staff more...
| Price: $18.00
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| Globalization, Market Power, and the Natural Interest Rate Author/Editor: Jean-Marc Natal, Nicolas Stoffels. Release Date:May, 2019 We argue that strong globalization forces have been an important determinant of global real interest rates over the last five decades, as they have been key drivers of changes in the natural real more...
| Price: $18.00
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