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Alfonso Arpaia

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Papers by Alfonso Arpaia

Research paper thumbnail of Labour Share Dynamcis in Europe: a Time-Horizon Approach

Research paper thumbnail of Quantitative Assessment of Structural Reforms: Modelling the Lisboa Strategy

Research paper thumbnail of Government Expenditure and Economic Growth in the EU: Long-Run Tendencies and Short-Term Adjustment

Social Science Research Network, 2008

Research paper thumbnail of Labour mobility as an adjustment mechanism

Quarterly Report on the Euro Area (QREA), 2015

The movement of workers from one EU country to another has become an increasingly important adjus... more The movement of workers from one EU country to another has become an increasingly important adjustment mechanism for the European economy, particularly since the introduction of the euro. This section assesses the economic adjustment role played by labour mobility (i.e. intra-EU labour migration). It first looks at stylised facts on mobility in the EU before going on to analyse the reasons why workers move between countries. The analysis shows that labour mobility increases significantly when a country joins the EU. While euro area membership seems not to be associated with an overall rise in the magnitude of mobility flows, workers do appear more ready to move from countries where unemployment is high, to those where it is lower. The final part of the section shows that workers have become more likely to move to another EU country in response to economic shocks affecting only some countries. Movements in response to shocks have increased significantly since the introduction of the euro. The analysis demonstrates that real wages also became more responsive to asymmetric shocks during the same period.

Research paper thumbnail of Session II: Interactions between reforms: substitutability, complementarities and sequencing

Research paper thumbnail of Nominal and Real Wage Flexibility in EMU

Social Science Research Network, 2007

Research paper thumbnail of Institutions and Performance in European Labour Markets: Taking a Fresh Look at Evidence

Journal of Economic Surveys, Jul 8, 2010

Research paper thumbnail of Assessing the short-term impact of pension reforms on older workers' participation rates in the EU: a diff-in-diff approach

RePEc: Research Papers in Economics, Sep 1, 2009

Research paper thumbnail of Do labour taxes (and their composition) affect wages in the short and the long run? PRELIMINARY DRAFT - NOT FOR QUOTATION

Research paper thumbnail of The Recent Reform of the Labour Market in Italy: A Review

RePEc: Research Papers in Economics, Dec 1, 2017

Research paper thumbnail of Do labour taxes (and their composition) affect wages in the short and the long run? - Alfonso Arpaia and Giuseppe Carone

RePEc: Research Papers in Economics, Oct 1, 2004

Research paper thumbnail of Do labour taxes (and their composition) affect wages in the short and in the long run

Research paper thumbnail of Quantitative assessment of Structural Reforms: Modelling the Lisbon Strategy

RePEc: Research Papers in Economics, Jun 1, 2007

Research paper thumbnail of EU labour market behaviour during the Great Recession

RePEc: Research Papers in Economics, Mar 1, 2010

Research paper thumbnail of Understanding labour income share dynamics in Europe

RePEc: Research Papers in Economics, May 12, 2009

Research paper thumbnail of Capital Flows in the Euro Area European Commission Directorate-General for Economic and Financial Affairs Capital Flows in the Euro Area

We investigate the behaviour of gross capital flows and net capital flows for euro area member co... more We investigate the behaviour of gross capital flows and net capital flows for euro area member countries. We highlight the extraordinary boom-bust cycles in both gross flows and net flows since 2003. We also show that the reversal in net capital flows during the crisis has been very costly in terms of macroeconomic and financial outcomes for the high-deficit countries. Finally, we describe the reforms that can improve macro-financial stability across the euro area. JEL Codes: E42, F32, F41 * This paper has been prepared as part of DG ECFIN's external research fellow programme. I am grateful to Jorgen Elmeskov, workshop participants and DG-ECFIN staff (Alexandr Hobza, Anton Jevak, Eric Ruscher, Plamen Nikolov and Stefan Zeugner) for extensive feedback on the previous draft. I am also grateful to INET for related support for the project "Financial Globalisation and Macroeconomic Policy". I thank Daniel Carvalho, Caroline Mehigan and Clemens Struck for helpful research as...

Research paper thumbnail of Labour Market Institutions and Labour Market Performance: A Survey of the Literature

Social Science Research Network, 2005

Research paper thumbnail of Session II: Interactions between reforms: substitutability, complementarities and sequencing

Research paper thumbnail of Crisi di cambio e formazione dei salari: un'applicazione al caso italiano

Dottorato di ricerca in economia politica. 9. Ciclo. Relatore Pier Carlo PadoanConsiglio Nazional... more Dottorato di ricerca in economia politica. 9. Ciclo. Relatore Pier Carlo PadoanConsiglio Nazionale delle Ricerche - Biblioteca Centrale - P.le Aldo Moro, 7, Rome; Biblioteca Nazionale Centrale - P.za Cavalleggeri, 1, Florence / CNR - Consiglio Nazionale delle RichercheSIGLEITItal

Research paper thumbnail of Wage dynamics in the EMU

This section takes stock of recent wage developments in the euro area given their importance for ... more This section takes stock of recent wage developments in the euro area given their importance for the well-functioning of the EMU. In the euro area, wage developments not only affect the allocation of resources and social cohesion, but also macro-economic adjustment. The latter is especially important in view of the remaining rebalancing challenges in the euro area. The section identifies several factors that may have caused sluggish wage growth in the euro area until recently, in spite of robust economic growth. It shows that remaining slack and low productivity growth can account for some of this slowdown in wage growth, but leave a significant amount unexplained. Adding backward- and forwardlooking inflation measures improves the fit of the predicted values considerably. Other potential contributing factors to the observed wage dynamics are reviewed as well: broader measures of labour market slack, ongoing structural labour market changes, the downward trend in hours worked per em...

Research paper thumbnail of Labour Share Dynamcis in Europe: a Time-Horizon Approach

Research paper thumbnail of Quantitative Assessment of Structural Reforms: Modelling the Lisboa Strategy

Research paper thumbnail of Government Expenditure and Economic Growth in the EU: Long-Run Tendencies and Short-Term Adjustment

Social Science Research Network, 2008

Research paper thumbnail of Labour mobility as an adjustment mechanism

Quarterly Report on the Euro Area (QREA), 2015

The movement of workers from one EU country to another has become an increasingly important adjus... more The movement of workers from one EU country to another has become an increasingly important adjustment mechanism for the European economy, particularly since the introduction of the euro. This section assesses the economic adjustment role played by labour mobility (i.e. intra-EU labour migration). It first looks at stylised facts on mobility in the EU before going on to analyse the reasons why workers move between countries. The analysis shows that labour mobility increases significantly when a country joins the EU. While euro area membership seems not to be associated with an overall rise in the magnitude of mobility flows, workers do appear more ready to move from countries where unemployment is high, to those where it is lower. The final part of the section shows that workers have become more likely to move to another EU country in response to economic shocks affecting only some countries. Movements in response to shocks have increased significantly since the introduction of the euro. The analysis demonstrates that real wages also became more responsive to asymmetric shocks during the same period.

Research paper thumbnail of Session II: Interactions between reforms: substitutability, complementarities and sequencing

Research paper thumbnail of Nominal and Real Wage Flexibility in EMU

Social Science Research Network, 2007

Research paper thumbnail of Institutions and Performance in European Labour Markets: Taking a Fresh Look at Evidence

Journal of Economic Surveys, Jul 8, 2010

Research paper thumbnail of Assessing the short-term impact of pension reforms on older workers' participation rates in the EU: a diff-in-diff approach

RePEc: Research Papers in Economics, Sep 1, 2009

Research paper thumbnail of Do labour taxes (and their composition) affect wages in the short and the long run? PRELIMINARY DRAFT - NOT FOR QUOTATION

Research paper thumbnail of The Recent Reform of the Labour Market in Italy: A Review

RePEc: Research Papers in Economics, Dec 1, 2017

Research paper thumbnail of Do labour taxes (and their composition) affect wages in the short and the long run? - Alfonso Arpaia and Giuseppe Carone

RePEc: Research Papers in Economics, Oct 1, 2004

Research paper thumbnail of Do labour taxes (and their composition) affect wages in the short and in the long run

Research paper thumbnail of Quantitative assessment of Structural Reforms: Modelling the Lisbon Strategy

RePEc: Research Papers in Economics, Jun 1, 2007

Research paper thumbnail of EU labour market behaviour during the Great Recession

RePEc: Research Papers in Economics, Mar 1, 2010

Research paper thumbnail of Understanding labour income share dynamics in Europe

RePEc: Research Papers in Economics, May 12, 2009

Research paper thumbnail of Capital Flows in the Euro Area European Commission Directorate-General for Economic and Financial Affairs Capital Flows in the Euro Area

We investigate the behaviour of gross capital flows and net capital flows for euro area member co... more We investigate the behaviour of gross capital flows and net capital flows for euro area member countries. We highlight the extraordinary boom-bust cycles in both gross flows and net flows since 2003. We also show that the reversal in net capital flows during the crisis has been very costly in terms of macroeconomic and financial outcomes for the high-deficit countries. Finally, we describe the reforms that can improve macro-financial stability across the euro area. JEL Codes: E42, F32, F41 * This paper has been prepared as part of DG ECFIN's external research fellow programme. I am grateful to Jorgen Elmeskov, workshop participants and DG-ECFIN staff (Alexandr Hobza, Anton Jevak, Eric Ruscher, Plamen Nikolov and Stefan Zeugner) for extensive feedback on the previous draft. I am also grateful to INET for related support for the project "Financial Globalisation and Macroeconomic Policy". I thank Daniel Carvalho, Caroline Mehigan and Clemens Struck for helpful research as...

Research paper thumbnail of Labour Market Institutions and Labour Market Performance: A Survey of the Literature

Social Science Research Network, 2005

Research paper thumbnail of Session II: Interactions between reforms: substitutability, complementarities and sequencing

Research paper thumbnail of Crisi di cambio e formazione dei salari: un'applicazione al caso italiano

Dottorato di ricerca in economia politica. 9. Ciclo. Relatore Pier Carlo PadoanConsiglio Nazional... more Dottorato di ricerca in economia politica. 9. Ciclo. Relatore Pier Carlo PadoanConsiglio Nazionale delle Ricerche - Biblioteca Centrale - P.le Aldo Moro, 7, Rome; Biblioteca Nazionale Centrale - P.za Cavalleggeri, 1, Florence / CNR - Consiglio Nazionale delle RichercheSIGLEITItal

Research paper thumbnail of Wage dynamics in the EMU

This section takes stock of recent wage developments in the euro area given their importance for ... more This section takes stock of recent wage developments in the euro area given their importance for the well-functioning of the EMU. In the euro area, wage developments not only affect the allocation of resources and social cohesion, but also macro-economic adjustment. The latter is especially important in view of the remaining rebalancing challenges in the euro area. The section identifies several factors that may have caused sluggish wage growth in the euro area until recently, in spite of robust economic growth. It shows that remaining slack and low productivity growth can account for some of this slowdown in wage growth, but leave a significant amount unexplained. Adding backward- and forwardlooking inflation measures improves the fit of the predicted values considerably. Other potential contributing factors to the observed wage dynamics are reviewed as well: broader measures of labour market slack, ongoing structural labour market changes, the downward trend in hours worked per em...

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