Narrow search
Showing 1 - 10 of 186
Cover Image
Wage-Price Dynamics and Structural Reforms in Japan
Porcellacchia, Davide - 2016
Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the … role that key characteristics of Japan's labor and product markets-labor-market duality and weak corporate governance … reforms may contribute to Japan's short-run goal of reflating the economy. It finds that boosting inflation with structural …
Persistent link: https://www.econbiz.de/10012996094
Cover Image
Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries
Lemus, Antonio - 2015
Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public...
Persistent link: https://www.econbiz.de/10013036636
Cover Image
A Fiscal Job? An Analysis of Fiscal Policy and the Labor Market
Bova, Elva - 2015
This paper examines the impact of fiscal policy on employment through the lenses of Okun's Law. Looking at the panel of OECD countries over the past three decades, we find that fiscal policy can affect employment beyond the impact it is traditionally assumed to exert through the output...
Persistent link: https://www.econbiz.de/10013028691
Cover Image
Fiscal Policy, Labor Markets, and the Poor
Bléjer, Mario I. - 2013
In designing policy measures, including possible social safety nets, targeted to the poor, it is important to fully understand the efficiency implications of these measures. There is abundant macroeconomic literature on their negative effects on the poor`s work effort. The literature, however,...
Persistent link: https://www.econbiz.de/10012754386
Cover Image
Monetary Policy Under Labor Market Power
Burya, Anastasia; Mano, Rui C.; Timmer, Yannick; Weber, Anke - 2022
Using the near universe of online vacancy postings in the U.S., we study the interaction between labor market power and monetary policy. We show empirically that labor market power amplifies the labor demand effects of monetary policy, while not disproportionately affecting wage growth. A search...
Persistent link: https://www.econbiz.de/10014079905
Cover Image
Is Labor Market Mismatch a Big Deal in Japan?
Shibata, Ippei - 2013
crisis.Occupational mismatch accounted for approximtely 20-40 percent of the recent rise in theunemployment rate in Japan …
Persistent link: https://www.econbiz.de/10013074692
Cover Image
Distributional Implications of Labor Market Reforms : Learning from Spain's Experience
Stepanyan, Ara - 2020
Spain's structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped the Spanish economy to regain competitiveness and create...
Persistent link: https://www.econbiz.de/10012839681
Cover Image
Labor Market Dynamics : A Hidden Markov Approach
Shibata, Ippei - 2020
This paper proposes a hidden state Markov model (HMM) that incorporates workers' unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which typically assumes that a worker's observed labor force status follows a first-order Markov process,...
Persistent link: https://www.econbiz.de/10012843312
Cover Image
Are Labor Market Indicators Telling the Truth? Role of Measurement Error in the U.S. Current Population Survey
Shibata, Ippei - 2019
Labor market indicators are critical for policymakers, but measurement error in labor force survey data is known to be substantial. In this paper, I quantify the implications of classification errors in the U.S. Current Population Survey (CPS), in which respondents misreport their true labor...
Persistent link: https://www.econbiz.de/10012889152
Cover Image
Drivers of Spain's Export Performance and the Role of the Labor Market Reforms
Salas, Jorge - 2019
Spain's export performance strengthened after the global financial crisis, and exports now represent more than a third of GDP. This paper argues that several factors contributed to that achievement: external demand, supported by greater diversification of destination markets; enhanced export...
Persistent link: https://www.econbiz.de/10012892912