Labour
Financial crisis caused significant shift in the euro area Beveridge curve
ECB paper finds that labour market consequences of the crisis have been heterogeneous across countries, with Spain and Germany diverging the most
Fed paper investigates decline in US labour market mobility
Study identifies drop in interstate migration since 1980s; attributes fall to stronger internal labour markets rather than demographic or sociological factors
Mexican deputy targets productivity obstacles
Bank of Mexico’s Manuel Sánchez attributes low GDP per capita to ‘stagnant’ productivity; urges structural reform
Finland paper recommends ‘unpleasant reforms’
Research published by the Bank of Finland advocates slowing public sector growth and lowering taxes; will boost labour supply and competition
Sarb deputy says domestic woes are impacting growth
South African Reserve Bank deputy governor says domestic issues, including labour strikes, are dictating price and exchange rate concerns; growth rate likely to need downward revision
National Bank of Hungary paper surveys wage rigidities
Paper presents findings of large European survey conducted by central banks; finds wages are more rigid than prices, but various factors determine the frequency of adjustment
Kansas Fed Economic Review discusses barriers to mobile payments in US
Kansas Fed’s latest economic review discusses supply- and demand-side issues limiting the use of mobile payments in the US
Curacao and Sint Maarten governor discusses benefits of more women in labour force
Greater female participation in labour market key to meeting demographic challenges of the future, says Emsley Tromp
Households hedge labour risk: Riksbank paper
Riksbank study shows households hedge labour income risk in more volatile jobs market
Bank of Israel paper on increasing Palestinian employment
Bank of Israel study quantifies effects of an increase in work permits to the Palestinian labour force
Labour distribution affected by firing costs: Bank of Canada paper
Bank of Canada study shows wage inequality rises as employers face higher firing costs
Wage contract negotiations often sparked by high inflation: NY Fed paper
New York Federal Reserve study says large deviations from expected inflation levels often trigger new labour contract renegotiations
RBA paper on lessons from Australia's labour market since 2000
Reserve Bank of Australia study says evidence from labour market since 2000 shows decline in number of hours worked can prove an effective adjustment mechanism during downturns
Bank of Finland reviews policy implications of labour immobility
Bank of Finland research newsletter discusses the effects of resource mobility on monetary policy
Bank of Italy paper on impact of conservative central banking
Bank of Italy study identifies three strategic channels through which central bank conservatism influences wages
Search frictions do not fully explain labour wedge: IMF paper
IMF study says labour market search frictions alone do not explain imperfections in labour markets
Uncertainty clouds US labour market: NY Fed’s Dudley
New York Federal Reserve president William Dudley says there are conflicting signals over state of US labour market
Ex-Fed economist appointed to Ireland’s Central Bank Commission
Former Federal Reserve economist and special adviser to Ireland’s outgoing finance minister Alan Ahearne appointed to Central Bank of Ireland’s commission
Election uncertainty clouds future of FSA, Bank
Regulator could be swallowed by central bank if Conservatives win, but polls and analysts divided on most likely outcome
Minneapolis Fed: US relies on large firms for productivity gains
Study shows employment distribution important factor in productivity of US firms