We investigate the impact of fiscal stimuli at different levels of the government debt‐to‐GDP
ratio for a sample of 17 European countries from 1970 to 2010. This is implemented in an …

Lax financial conditions can foster credit booms. The global credit boom of the last decade
led to large capital flows across the world, including large movements of resources from the …

We investigate the public-private wage differentials in ten euro area countries (Austria,
Belgium, France, Germany, Greece, Ireland, Italy, Portugal, Slovenia and Spain). To account …

We examine the interactions between public and private sector wages per employee in
OECD countries. The growth of public sector wages and of public sector employment …

I build a dynamic stochastic general equilibrium model with search and matching frictions to
determine the optimal public sector wage policy. Public sector wages are crucial in …

What explains Eurozone member-states' divergent exposure to Europe's sovereign debt
crisis? Deviating from current fiscal and financial views, From Convergence to Crisis focuses …

Although monetary union created the conditions for improving economic and financial
integration in the euro area, in the context of the financial and sovereign crises, it has also …

It is common wisdom that public sector wages are not determined in the same way as private
sector wages. At the same time, the empirical evidence available for OECD countries finds a …

The academic and policy debate about the crisis in Europe's single currency area is usually
dominated by macroeconomic and public sector considerations. The microeconomic …

While a growing literature within the study of subjective well-being demonstrates the impact
of socio-political factors on subjective well-being, scholars have conspicuously failed to …