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72 p, 1.1 MB Why is Europe falling behind? Structural transformation and services' productivity differences between Europe and the U.S / Buiatti, Cesare ; Duarte, Joao B. ; Sáenz, Luis Felipe
We explain labour productivity differences of the service sector between Europe and the U. S. through the labour allocation taking place within the service sector. We measure labour productivity using a multisector structural transformation model that decomposes services into 11 sub-sectors comparable across Europe and the U. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
2018 (ADEMU Working Paper Series ; 93)  
Registre complet - Creative Commons
2.
50 p, 689.3 KB One money, many markets : a factor model approach to monetary policy in the euro area with high-frequency identification / Corsetti, Giancarlo ; Duarte, Joao B. ; Mann, Samuel
We reconsider the effects of common monetary policy shocks across countries in the euro area, using a data-rich factor model and identifying shocks with high-frequency surprises around policy announcements. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
2018 (ADEMU Working Paper Series ; 87)  
Registre complet - Creative Commons

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