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What Affects the Employment Rate Intensity of Growth?
Revenga, Ana L.; Bentolila, Samuel - Banco de España - 1995
Persistent link: https://www.econbiz.de/10005590691
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Employment fluctuations in a dual labor market
Costain, James; Jimeno, Juan F.; Thomas, Carlos - Banco de España - 2010
average unemployment rate. In our setup, employment grows gradually in booms, due to matching frictions, whereas the onset of …
Persistent link: https://www.econbiz.de/10008475774
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Smoothing shocks and balancing budgets in a currency union
Costain, James; Blas, Beatriz de - Banco de España - 2012
authority. Using a sticky-price DSGE matching model of a small open economy in a currency union, we compare the business cycle …
Persistent link: https://www.econbiz.de/10010862268
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Housework and Fiscal Expansions
Gnocchi, Stefano; Hauser, Daniela; Pappa, Evi - Bank of Canada - 2014
We build an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, in order to discipline consumption-hours complementarity and relate its strength to the size of fiscal multipliers. We show that if substitutability between home and market goods is...
Persistent link: https://www.econbiz.de/10010885042
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Changing Labour Market Participation Since the Great Recession: A Regional Perspective
Cheung, Calista; Granovsky, Dmitry; Velasco, Gabriella - Bank of Canada - 2015
This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to identify changes related to population aging, cyclical effects and other factors. The main population age groups examined are...
Persistent link: https://www.econbiz.de/10011253081
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Employment fluctuations with downward wage rigidity: the role of moral hazard
Costain, James; Jansen, Marcel - Banco de España - 2006
This paper considers a dynamic matching model with imperfectly observable worker effort. In equilibrium, the wage …
Persistent link: https://www.econbiz.de/10005022236
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Disinflation, Output and Unemployment: The Case of Spain
Andrés, Javier; Hernando, Ignacio; López-Salido, David - Banco de España - 1998
Taking into account two salient Spanish stylized facts, namely, a persistent disinflationary process and hysteresis in the unemployment, this paper tries to answer the following question: Is a nominal permanent disinflation compatible with short-run unemployment costs but also with long-run...
Persistent link: https://www.econbiz.de/10005155290
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Household debt and labour market fluctuations
Andrés, Javier; Boscá, José E.; Ferri, Javier - Banco de España - 2011
The co-movements of labor productivity with output, total hours, vacancies and unemployment have changed since the mid … twenty years. We set up a search model with effi cient bargaining and fi nancial frictions, in which impatient borrowers can … supply discourages fi rms from opening vacancies, reducing the impact of the shock on employment. …
Persistent link: https://www.econbiz.de/10009364206
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The Macroeconomic Effects of Non-Zero Trend Inflation
Amano, Robert; Ambler, Steve; Rebei, Nooman - Bank of Canada - 2006
The authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices. They show that trend inflation leads to a substantial reduction in the stochastic means of output, consumption, and employment. It also leads to an...
Persistent link: https://www.econbiz.de/10005673258
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Salaire réel, chocs technologiques et fluctuations économiques
Tremblay, Dominique - Bank of Canada - 2002
The author presents empirical evidence that he has obtained from an analysis of the response of different economic variables, including the real wage rate, to a technology shock. He replicates Galí’s (1999) bivariate model and compares dynamic impulse responses and conditional correlations...
Persistent link: https://www.econbiz.de/10005673345