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Asymmetric transmission mechanisms and the rise in European unemployment: A case of structural differences or of policy failures?

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  • Demertzis, Maria
  • Hallett, Andrew Hughes

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 22 (1998)
Issue (Month): 6 (June)
Pages: 869-886

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Handle: RePEc:eee:dyncon:v:22:y:1998:i:6:p:869-886

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References

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  1. M. F. Bleaney & Paul Mizen,, . "Credibility and Disinflation in the European Monetary System," Discussion Papers 95/4, University of Nottingham, School of Economics.
  2. Michael BURDA & Antje MERTENS, 1994. "Locational Competition versus Cooperation in Labor Markets: An Implicit Contract Reinterpretation," SFB 373 Discussion Papers 1994,32, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
  3. Douglas Laxton & Peter B. Clark & David Rose, 1995. "Asymmetry in the U.S. Output-Inflation Nexus," IMF Working Papers 95/76, International Monetary Fund.
  4. David Cobham & Steve Williams, 1998. "Hysteresis, the Phillips curve and the costs of monetary union," Applied Economics Letters, Taylor & Francis Journals, vol. 5(8), pages 477-480.
  5. Brechling, Frank, 1973. "Wage Inflation and the Structure of Regional Unemployment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 5(1), pages 355-79, Part II F.
  6. Bean, Charles R., 1994. "European unemployment: A retrospective," European Economic Review, Elsevier, vol. 38(3-4), pages 523-534, April.
  7. Demertzis, Maria & Hughes Hallett, Andrew, 1995. "On Measuring the Costs of Labour Immobility and Market Heterogeneity in Europe," CEPR Discussion Papers 1189, C.E.P.R. Discussion Papers.
  8. Alogoskoufis, George S & Smith, Ron, 1991. "The Phillips Curve, the Persistence of Inflation, and the Lucas Critique: Evidence from Exchange-Rate Regimes," American Economic Review, American Economic Association, vol. 81(5), pages 1254-75, December.
  9. Maria Demertzis & Andrew Hughes Hallett, 1996. "Regional Inequalities and the Business Cycle: An Explanation of the Rise in European Unemployment," Regional Studies, Taylor & Francis Journals, vol. 30(1), pages 15-29.
  10. Olivier Jean Blanchard & Lawrence F. Katz, 1992. "Regional Evolutions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(1), pages 1-76.
  11. Douglas Laxton & Guy Meredith & David Rose, 1994. "Asymmetric Effects of Economic Activityon Inflation," IMF Working Papers 94/139, International Monetary Fund.
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Cited by:
  1. Eric Jondeau & Jean-Guillaume Sahuc, 2005. "Testing Heterogeneity within the Euro Area Using a Structural Multi-Country Model," Documents de recherche 05-06, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
  2. Maria Demertzis & Andrew Hughes Hallett & Nicolien Schermer, 2008. "Europeanization or Globalization? Transnational Wage Bargaining and the Distribution of Activity in European Labor Markets," DNB Working Papers 186, Netherlands Central Bank, Research Department.
  3. M. Demertzis & A.J. Huges Hallett, 2001. "Wage Inflation and the Distribution of Output Gaps in Europe: Insidersvs. Outsiders," DNB Staff Reports (discontinued) 59, Netherlands Central Bank.
  4. Jondeau, E. & Sahuc, J-G., 2006. "Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-country Heterogeneity," Working papers 141, Banque de France.
  5. Herzog, Bodo, 2006. "Coordination of fiscal and monetary policy in CIS-countries: A theory of optimum fiscal area?," Research in International Business and Finance, Elsevier, vol. 20(2), pages 256-274, June.
  6. Jondeau, Eric & Sahuc, Jean-Guillaume, 2008. "Testing heterogeneity within the euro area," Economics Letters, Elsevier, vol. 99(1), pages 192-196, April.
  7. Andrew Hughes Hallett, 2008. "Coordination without Explicit Cooperation: Monetary-Fiscal Interactions in an Era of Demographic Change," European Economy - Economic Papers 305, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.

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