Similar Search Results

Narrow search

On the Efficiency of Job Search with Social Networks

Cahuc, Pierre; Fontaine, François - C.E.P.R. Discussion Papers - 2002

of different job search methods, conditional unemployment benefit hikes can improve welfare when individuals are risk …

Persistent link: https://www.econbiz.de/10005792237

Is Short-time Work a Good Method to Keep Unemployment Down?

Cahuc, Pierre; Carcillo, Stéphane - C.E.P.R. Discussion Papers - 2011

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

Persistent link: https://www.econbiz.de/10008854459

Hyperbolic Discounting and Positive Optimal Inflation

Graham, Liam; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2011

The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al. (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...

Persistent link: https://www.econbiz.de/10009643503

The Return of the Long-Run Phillips Curve

Graham, Liam; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2003

inflation and a permanent reduction in the level of unemployment. In short, we derive a microfounded long-run downward …

Persistent link: https://www.econbiz.de/10005791529

A Theory of Wages and Labour Demand with Intra-firm Bargaining and Matching Frictions

Cahuc, Pierre; Marque, François; Wasmer, Etienne - C.E.P.R. Discussion Papers - 2004

, unemployment and capital accumulation. First, we recover the partial equilibrium over-employment phenomenon put to the fore by …

Persistent link: https://www.econbiz.de/10005123941

Two-Tier Labor Markets in the Great Recession: France vs. Spain

Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan J.; Le … - C.E.P.R. Discussion Papers - 2010

labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

Persistent link: https://www.econbiz.de/10008784761