Similar Search Results

Matching Models Under Scrutiny : Understanding the Shimer Puzzle

Gabriele, CARDULLO - Institut de Recherche Économique et Sociale (IRES), … - 2008

Two papers have recently questioned the quantitative consistency of the search and matching models. Shimer (2005) has … argued that a text-book matching model is unable to explain the cyclical variation of unemployment and vacancies in the U …

Persistent link: https://www.econbiz.de/10004984783

Search Frictions on Product and Labor markets : Money in the Matching Function

Etienne, LEHMANN; Bruno, VAN DER LINDEN - Institut de Recherche Économique et Sociale (IRES), … - 2007

selling their production and this affects their decisions to create jobs. Due to search-frictins on the product market … their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is …

Persistent link: https://www.econbiz.de/10004984870

North-South Asymmetric Relationships : Does the EMU Business Affect Small African Economies ?

André, NYEMBWE; Konstantin, KHOLODILIN - Institut de Recherche Économique et Sociale (IRES), … - 2005

In this paper we empirically investigate a possible transmission of the European business cycle to Sub-Saharan Africa’s economies. This linkage may be of interest because the EMU is the main trading partner of African countries, and many of these countries use the euro as either the official...

Persistent link: https://www.econbiz.de/10004984834

Equilibrium Evaluation of Active Labor Market Programmes Enhancing Matching Effectiveness

Bruno, VAN DER LINDEN - Institut de Recherche Économique et Sociale (IRES), … - 2005

This paper evaluates counselling programmes in an equilibrium matching model where workers are heterogeneous in skill … levels. Job search effort, labour demand and wages are endogenous. When wages are bargained over, raising the effectiveness … of or the access to counselling programmes pushes wages upwards and leads to lower search effort among nonparticipants …

Persistent link: https://www.econbiz.de/10004984803

Does product market competition improve the labour market performance ?

Gabriele, CARDULLO - Institut de Recherche Économique et Sociale (IRES), … - 2008

In this paper, I construct a general equilibrium model in which the labour market exhibits search frictions, whereas …

Persistent link: https://www.econbiz.de/10004984695

Selective Reductions in Labour Taxation : Labour Market Adjustments and Macroeconomic Performance

Anna, BATYRA; Henri R., SNEESSENS - Institut de Recherche Économique et Sociale (IRES), … - 2007

workers and firms, matching frictions, wage bargaining and a rigid minimum wage. We find evidence in favour of narrow tax cuts …-th-job search are quantified and discussed. …

Persistent link: https://www.econbiz.de/10004984729

Involuntary Unemployment : the Elusive Quest for a Theory

Michel, DE VROEY - Institut de Recherche Économique et Sociale (IRES), … - 2005

This paper addresses the issue of why Keynesian economists have had such a hard time in giving the concept of involuntary unemployment a place in economic theory. Is the gradual demise of this concept a manifestation of some inner defect in economic theory or is it due to some intrinsic weakness...

Persistent link: https://www.econbiz.de/10004984777

Employment subsidies and substitutable skills : An equilibrium matching approach

Gabriele, CARDULLO; Bruno, VANDERLINDEN - Institut de Recherche Économique et Sociale (IRES), … - 2006

This search-matching model is well suited for an equilibrium evaluation of labor market policies. When those policies …

Persistent link: https://www.econbiz.de/10004984879

Technological Progress, Obsolescence and Depreciation

Raouf, BOUCEKKINE; Fernando, DEL RIO; Blanca, MARTINEZ - Institut de Recherche Économique et Sociale (IRES), … - 2006

We construct a vintage capital model à la Whelan (2002) with both exogenous embodied and disembodied technical progress, and variable utilization of each vintage. The lifetime of capital goods is endogenous and it relies on the associated maintenance costs. We study the properties of the...

Persistent link: https://www.econbiz.de/10004984713

Real Business Cycle Theory and the Great Depression : The Abandonment of the Absentionist Viewpoint

Michel, DE VROEY; Luca, PENSIEROSO - Institut de Recherche Économique et Sociale (IRES), … - 2005

Is the Great Depression amenable to real business cycle theory ? In the 1970s and 1980s Lucas and Prescott took an abstentionist stance. They admitted that, because of its exceptional character, an explanation of the Great Depression was beyond the grasp of the equilibrium approach to the...

Persistent link: https://www.econbiz.de/10004984744