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Fixed-term Contracts and the Duration Distribution of Unemployment

Güell, Maia - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

of such reforms for the duration distribution of unemployment. I estimate a parametric duration model using cross …

Persistent link: https://www.econbiz.de/10010547107

Estimating the Probability of Leaving Unemployment using Uncompleted Spells from Repeated Cross-Section Data

Güell, Maia; Hu, Luojia - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We propose a new econometric estimation method for analyzing the probability of leaving unemployment using uncompleted spells from repeated cross-section data, which can be especially useful when panel data are not available. The proposed method-of-moments based estimator has two important...

Persistent link: https://www.econbiz.de/10010547140

How Binding are Legal Limits? Transitions from Termporary to Permanent Work in Spain

Güell, Maia; Petrongolo, Barbara - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

-term contracts. This paper studies the duration pattern of fixed-term contracts and the determinants of their conversion into … permanent ones in Spain, where the share of fixed-term employment is the highest in Europe. We estimate a duration model for … duration dependence. Our estimated conversion rate has a clear, pronounced spike at 3 years of duration, coinciding with the …

Persistent link: https://www.econbiz.de/10010547413

Rule-of-Thumb Consumers and the Design of Interest Rate Rules

Galí, Jordi; Pérez-Salido, J. David - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We introduce rule-of-thumb consumers in an otherwise standard dynamic sticky price model, and show how their presence can change dramatically the properties of widely used interest rate rules. In particular, the existence of a unique equilibrium is no longer guaranteed by an interest rate rule...

Persistent link: https://www.econbiz.de/10010851326

Fiscal Foresight, Forecast Revisions and the Effects of Government Spending in the Open Economy

Gambetti, Luca - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

This paper investigates the effects of government spending on the real exchange rate and the trade balance in the US using a new VAR identification procedure based on spending forecast revisions. I find that the real exchange rate appreciates and the trade balance deteriorates after a government...

Persistent link: https://www.econbiz.de/10010851329

Macroeconomic Shocks and the Business Cycle: Evidence from a Structural Factor Model fiscal

Forni, Mario; Gambetti, Luca - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

We obtain the following results. (ii) Both supply and demand shocks are important sources of fluctuations; supply prevails for GDP, while demand prevails for employment and information. (ii) Policy matters: Both monetary and fiscal policy shocks have sizeable effects on output and prices, with...

Persistent link: https://www.econbiz.de/10010851335

Has the Euro-Mediterranean Partnership Affected Mediterranean Business Cycles?

Canova, Fabio; Schlaepfer, Alain - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We date turning points of the reference cycle for 19 countries in the Mediterranean, for selected regions, and for the area. Cycles phases are asymmetric, with expansions lasting, on average, much longer than recessions. Cyclical fluctuations are volatile and not highly correlated across...

Persistent link: https://www.econbiz.de/10010851371

Man-Bites-Dog Business Cycle

Nimark, Kristoffer - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

The newsworthiness of an event is partly determined by how unusual it is and this paper investigates the business cycle implications of this fact. In particular, we analyze the consequences of information structures in which some types of signals are more likely to be observed after unusual...

Persistent link: https://www.econbiz.de/10010851373

Do Institutions and Culture Matter for Business Cycles?

Altug, Sumru; Canova, Fabio - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We examine the relationship between institutions, culture and cyclical fluctuations for a sample of 45 European, Middle Eastern and North African countries. Better governance is associated with shorter and less severe contractions and milder expansions. Certain cultural traits, such as lack of...

Persistent link: https://www.econbiz.de/10010851386

Newborn Health and the Business Cycle: Is it Good to be Born in Bad Times?

Aparicio, Ainhoa; González, Libertad - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

We study the effect of the cycle on the health of newborn babies using 30 years of birth-certificate data for Spain. We find that babies are born healthier when the local unemployment rate is high. Although fertility is lower during recessions, the effect on health is not the result of...

Persistent link: https://www.econbiz.de/10010851388