Baumgarten, Daniel, Kvasnicka, Michael, (2016), “Temporary Agency Work and the Great Recession”, IZA DP No 9913, Απρίλιος 2016 We investigate with German data how the use of temporary agency work has helped establishments to manage the economic and financial crisis in 2008/09. We examine the (regular) workforce development, use of short-time work, and business performance of establishments that made differential use of temporary agency work prior to the crisis. Overall, our …Read More

Cacciatore, Matteo, Duval, Romain, Fiori, Giuseppe, Ghironi,Fabio, (2016), “Market Reforms in the Time of Imbalance”, CEPR DP11247, Απρίλης 2016 We study the consequences of product and labor market reforms in a two-country model with endogenous producer entry and labor market frictions. We focus on the role of business cycle conditions and external constraints at the time of reform implementation (or of a credible commitment to it) in shaping the dynamic effects …Read More

Ari,Anil, (2016), ” Sovereign risk and bank risk-taking”, ECB Working Paper Series No 1894, Απρίλιος 2016 In European countries recently hit by a sovereign debt crisis, the share of domestic sovereign debt held by the national banking system has sharply increased, raising issues in their economic and Önancial resilience, as well as in policy design. This paper examines these issues by analyzing the banking equilibrium in a model with optimizing banks and …Read More

Micossi, Stefano, Bruzzone, Ginevra, Cassella,Miriam, (2016), “Fine-tuning the use of bail-in to promote a stronger EU financial system”, CEPS Special Report No. 136 / Απρίλιος 2016 This paper discusses the application of the new European rules for burden-sharing and bailin in the banking sector, in view of their ability to accommodate broader policy goals of aggregate financial stability. It finds that the Treaty principles and the new discipline of state aid and …Read More

Heinemann, Friedrich, Grigoriadis Theocharis, (2015), “Origins of Reform Resistance and the Southern European Regime”, ZEW Working Paper no 20, Ιούλιος 2013 This analysis deals with reform obstacles in general and with the particular challenges of institutional change under the conditions of Southern Europe in particular. It presents a survey on the possible drivers of reform resistance. This includes very different qualities of approaches ranging from classical economics and politicaleconomic explanations to more …Read More

Van der Zwet,  Arno, Bachtler, John, Miller, Stephen, Vernon, Phillip, Dozhdeva, Viktoriya, (2016), “Review of the Role of the EIB Group in European Cohesion Policy”, IP/B/REGI/IC/2015-019, Μάρτιος 2016 The aim of this study is to provide a comprehensive analysis and assessment of how the European Investment Bank contributes to the achievement of Cohesion Policy objectives. The study finds that the role of the European Investment Bank in Cohesion Policy increased significantly in the …Read More