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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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Credit frictions and labor market dynamics
Hristov, Atanas - 2009
We outline the case for credit frictions and a demand side aspect to labor market fluctuations. To illustrate the above proposition, we present a simple framework to analyze the joint dependence between a labor search problem in the labor market and a costly state verification problem in the...
Persistent link: https://www.econbiz.de/10011387314
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Search and matching frictions and optimal monetary policy : job market paper
Thomas, Carlos (contributor) - 2006 - Rev.
Persistent link: https://www.econbiz.de/10003401007
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German labor market and fiscal reforms 1999 to 2008 : can they be blamed for intra-euro area imbalances?
Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - 2015
In this paper, we assess the impact of major German structural reforms from 1999 to 2008 on key macroeconomic variables. By many, these reforms, especially the Hartz reforms on the labor market, are considered to be the root of observed imbalances in the Euro Area. Our simulations within a...
Persistent link: https://www.econbiz.de/10011316580
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German labor market and fiscal reforms 1999 to 2008 : can they be blamed for intra-Euro Area imbalances?
Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - 2014
In this paper,we assess the impact ofmajor German structural reforms from1999 to 2008 on key macroeconomic variables within a two-country monetary union DSGE model. Bymany, these reforms, especially the Hartz reforms on the labormarket, are considered to be the root of thereafter observed...
Persistent link: https://www.econbiz.de/10010429216
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German Labor Market and Fiscal Reforms 1999 to 2008 : Can They Be Blamed for Intra-Euro Area Imbalances?
Gadatsch, Niklas - 2016
In this paper, we assess the impact of major German structural reforms from 1999 to 2008 on key macroeconomic variables. By many, these reforms, especially the Hartz reforms on the labor market, are considered to be the root of observed imbalances in the Euro Area. Our simulations within a...
Persistent link: https://www.econbiz.de/10012988677
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The fiscal and macroeconomic effects of government wages and employment reform
Pérez, Javier J.; Aouriri, Marie; Campos, Maria M.; … - 2016
Persistent link: https://www.econbiz.de/10011590670
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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 implications for labor market outcomes in middle-income countries
Stepanyan, Ara; Leigh, Lamin - 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/10014275789
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The role of monetary and fiscal policies in promoting more and better jobs in China : issues, evidence and policy options
Cai, Fang; Du, Yang; Wang, Meiyan - 2016
Persistent link: https://www.econbiz.de/10011596680