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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
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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
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Fiscal Policy, Labor Markets, and the Poor
Blejer, 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
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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
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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
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Foreign Help Wanted : Easing Japan's Labor Shortages
Ganelli, Giovanni - 2015
Data and anecdotal evidence suggest that Japan is suffering from labor shortages, which are large in an international … focuses on policy options to ease Japan's labor shortages. In particular, we focus on possible measures to increase reliance …
Persistent link: https://www.econbiz.de/10013015603
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Unemployment and Labor Market Issues in Algeria
Furceri, Davide - 2012
The aim of this paper is to analyze unemployment and labor market developments in Algeria and assess the factors that may hamper employment creation. The results of the paper suggest that the relative low output-employment elasticities and rigid labor market are the main factors behind the still...
Persistent link: https://www.econbiz.de/10013107069
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Real Wage, Labor Productivity, and Employment Trends in South Africa : A Closer Look
Klein, Nir - 2012
The paper looks at the dynamics of employment in South Africa and examines the factors that contributed to the job-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor productivity growth in most sectors, played an...
Persistent link: https://www.econbiz.de/10013107076
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Comparing the Employment-Output Elasticities of Expatriates and Nationals in the Gulf Cooperation Council
Behar, Alberto - 2015
We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment response is lower for nationals, who have an...
Persistent link: https://www.econbiz.de/10013015593
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Dismal Employment Growth in EU Countries : The Role of Corporate Balance Sheet Repair and Dual Labor Markets
Bakker, Bas Berend - 2013
This paper argues that the large differences among EU countries in post-crisis employment performance are to a large extent driven by the need to adjust corporate balance sheets, which had greatly deteriorated during the boom years in some countries but not in others. To close the large gaps...
Persistent link: https://www.econbiz.de/10013076321