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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

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

Dynamic Employment and Hours Effects of Government Spending Shocks

Yuan, M.; Li, W. - Bank of Canada - 1999

equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States …

Persistent link: https://www.econbiz.de/10005536853

Land Collateral and Labor Market Dynamics in France.

Kaas, L.; Pintus, P. A.; Ray, S. - Banque de France - 2014

land price shocks give rise to significant amplification and hump-shaped responses of investment, vacancies and …

Persistent link: https://www.econbiz.de/10011106000

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

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

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

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

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

Technology Shock and Employment: Do We Really Need DSGE Models with a Fall in Hours?

Dupaigne, M.; Fève, P.; Matheron, J. - Banque de France - 2005

The recent empirical literature that uses Structural Vector Autoregressions (SVAR) has shown that productivity shocks identified using long--run restrictions lead to a persistent and significant decline in hours worked. This evidence calls into question standard RBC models in which a positive...

Persistent link: https://www.econbiz.de/10005056535