Showing 1 - 10 of 10
unemployment persistence. …
Persistent link: https://www.econbiz.de/10005126077
Spanish unemployment, focusing on demonstrating its long memory and generating macro-economic models with autoregressive … vectors in which the unemployment variable is presumed to be non-stationary and co-integrated. Its consideration in this … suppose, the same as Skalin and Teräsvirta (2002), a behaviour for unemployment which is locally non-stationary in a globally …
Persistent link: https://www.econbiz.de/10005119367
In this paper we consider a standard policy game between the Government and a union. In such a framework, we first investigate the effects of corporatism on macroeconomic performance vis-à-vis different kinds of non-co-operative equilibria. Afterwards, we introduce in the literature the issue...
Persistent link: https://www.econbiz.de/10005076716
Most of the papers in the sticky-price literature are based on a log- linearization around the zero inflation steady state, a simplifying but counterfactual assumption. This paper shows that when trend inflation is considered, both the long-run and the short-run properties of DGE models based on...
Persistent link: https://www.econbiz.de/10005076806
This paper investigates the effects of cooperation (corporatism) on macroeconomic performance by considering a rather standard policy game between the government and a monopoly union. We stress the shortcomings of the traditional way used to model cooperation in policy games (the maximization of...
Persistent link: https://www.econbiz.de/10005412619
This paper discusses trust and trust perceptions in infrastructure contracts and supporting institutions. We focus on … countries, including the role of regulatory institutions. …
Persistent link: https://www.econbiz.de/10011268942
The current research emphasis on institutions as key determinants of economic performance, rather than on resources and … resource productivity, has uncovered important questions for further research. For example, if institutions are central to … institutions? What specific aspects of institutions are responsible for economic performance? This paper suggests that two broad …
Persistent link: https://www.econbiz.de/10005125631
The current research emphasis on institutions as key determinants of economic performance has uncovered important … questions for further research. For example, if institutions are central to economic performance, then what explains observed … differences in performance across parts of one economy sharing similar institutions? This paper suggests that two broad aspects of …
Persistent link: https://www.econbiz.de/10005125647
Institutions either promote or constrain economic performance, but which parts of institutions advance or restrict … performance, and why do economies sharing similar institutions sometimes perform differently? This paper is a modest attempt at … superstructural effects of institutions on aggregate and average income across 84 U.S. Native American economies (USNAEs). It finds …
Persistent link: https://www.econbiz.de/10005125690
This paper analyses the consequences of the Nixon Administration’s policy of wage-price controls and finds that the controls were essentially ineffective in reducing inflation.
Persistent link: https://www.econbiz.de/10005561070