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Financial Shocks and the Cyclical Behavior of Skilled and Unskilled Unemployment.
Lopez, J.I.; Moppett, V. Olivella - Banque de France - 2014
of capital and both search and financial frictions. We find that financial shocks, modeled as exogenous disturbances to …
Persistent link: https://www.econbiz.de/10010815961
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Labor Court Inputs, Judicial Cases Outcomes and Labor Flows: Identifying Real EPL.
Fraisse, H.; Kramarz, F.; Prost, C. - Banque de France - 2009
Using a data set of individual labor disputes brought to court over the years 1990 to 2003 in France, we examine the impact of the enforcement of Employment Protection Legislation on labor market outcomes. First, we present a simple theoretical model showing that judicial case outcomes cannot be...
Persistent link: https://www.econbiz.de/10008509452
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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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The Shimer puzzle(s) in a New Keynesian framework.
Pizzo, A. - Banque de France - 2014
shock in the [search and matching] model.” On the other, starting from Galì (1999) empirical evidence about the reaction of …In this paper I shed light on the issues of the (low) volatilities of labor market variables implied by the search and … matching model and the (high) values of the correlations between these variables and labor productivity. On the one hand …
Persistent link: https://www.econbiz.de/10010933106
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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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Heterogeneity, Unemployment Benefits and Voluntary Labor Force Participation.
Devulder, A. - Banque de France - 2014
In this paper, I propose a new Keynesian DSGE model with labor market search and matching frictions which replicates …
Persistent link: https://www.econbiz.de/10010816009
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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
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Labor Market Participation, Unemployment and Monetary Policy
Campolmi, Alessia; Gnocchi, Stefano - Bank of Canada - 2014
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that …
Persistent link: https://www.econbiz.de/10010762042
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Technology Shocks, Labour Mobility and Aggregate Fluctuations
Hauser, Daniela - Bank of Canada - 2014
We provide evidence regarding the dynamic behaviour of net labour flows across U.S. states in response to a positive technology shock. Technology shocks are identified as disturbances that increase relative state productivity in the long run for 226 state pairs, encompassing 80 per cent of...
Persistent link: https://www.econbiz.de/10010762050