Showing 1 - 4 of 4
the employment performances of those countries. Moreoever, these institutions act asymmetrically along the business cycle …
Persistent link: https://www.econbiz.de/10010605131
impact of labour market institutions from 1960 to 1994. The main contribution of the paper is to show that labour market …. These results are consistent with the findings of a companion paper (Nickell et al., 2001) where the effects of institutions … on unemployment are examined. The model controls for macroeconomic shocks, and include the possibility of interactions …
Persistent link: https://www.econbiz.de/10010604969
This paper estimates a New Keynesian model to investigate to what extent labour market reforms undertaken by the Thatcher government in the late 1930s and the introduction of a constant inflation target in 1992 might have changed the UK economic outlook if they had been introduced in the early...
Persistent link: https://www.econbiz.de/10011004267
This paper embeds labor market search frictions into a New Keynesian model with financial frictions as in Bernanke, Gertler and Gilchrist (1999).  The econometric estimation establishes that labor market frictions substantially improve the empirical fit of the model.  The effect of the...
Persistent link: https://www.econbiz.de/10011004364