Narrow search
Showing 1 - 10 of 442
Cover Image
Slow Recoveries: A Structural Interpretation
Galí, Jordi; Smets, Frank; Wouters, Rafael - C.E.P.R. Discussion Papers - 2012
An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and...
Persistent link: https://www.econbiz.de/10011083346
Cover Image
Measuring the Transformation of the European Economies: Income, Health and Welfare
Floud, Roderick - C.E.P.R. Discussion Papers - 1984
The measurement of national income has added greatly to our understanding of economic and social change in Europe over the past hundred years. But national income analysis does not take full account of changes in welfare and particularly of the causes and effects of long-term changes in the...
Persistent link: https://www.econbiz.de/10005666852
Cover Image
Economic Conditions in Early Modern Bengal: A Contribution to the Divergence Debate
Roy, Tirthankar - C.E.P.R. Discussion Papers - 2009
The paper contributes to the debate on relative levels of living in the early modern world by estimating the income of and probable range of income growth in Bengal before European colonization. The exercise yields two conclusions, (a) average income in Bengal was significantly smaller than that...
Persistent link: https://www.econbiz.de/10008577812
Cover Image
Income and schooling
Brückner, Markus; Gradstein, Mark - C.E.P.R. Discussion Papers - 2013
Whereas existing literature has documented strong correlations between national incomes and measures of schooling attainment, causality has been hard to pin down. Much of empirical work had tended to interpret these correlations as implying an effect of human capital on national income, but...
Persistent link: https://www.econbiz.de/10011083727
Cover Image
Unemployment and Inflation in Ireland: 1926-2012
Gerlach, Stefan; Lydon, Reamonn; Stuart, Rebecca - C.E.P.R. Discussion Papers - 2015
We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU …
Persistent link: https://www.econbiz.de/10011272719
Cover Image
Firm Leverage and Unemployment during the Great Recession
Giroud, Xavier; Mueller, Holger M - C.E.P.R. Discussion Papers - 2015
We argue that firms’ balance sheets were instrumental in the propagation of shocks during the Great Recession. Using establishment-level data, we show that firms that tightened their debt capacity in the run-up (“high-leverage firms”) exhibit a significantly larger decline in employment in...
Persistent link: https://www.econbiz.de/10011252614
Cover Image
What Explains the German Labor Market Miracle in the Great Recession?
Burda, Michael C; Hunt, Jennifer - C.E.P.R. Discussion Papers - 2011
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss. Employers’ reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to...
Persistent link: https://www.econbiz.de/10009246610
Cover Image
Returns to Education across Europe
Glocker, Daniela; Steiner, Viktor - C.E.P.R. Discussion Papers - 2011
the indirect wage effect resulting from lower unemployment risks and shorter spells in unemployment associated with higher … accounting for the effects of unemployment on individual wages using EU-SILC data. Across countries we find a high variation of … the effect of education on unemployment duration. Overall, the returns to education are estimated to be the highest in the …
Persistent link: https://www.econbiz.de/10009293660
Cover Image
Fiscal Multipliers Over the Business Cycle
Michaillat, Pascal - C.E.P.R. Discussion Papers - 2011
This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The … theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of … government spending on public-sector jobs reduces unemployment, especially during recessions: the fiscal multiplier …
Persistent link: https://www.econbiz.de/10009324257
Cover Image
The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence
Farmer, Roger E A - C.E.P.R. Discussion Papers - 2011
and the unemployment rate in U.S. data since 1929. Second, it compares a new model of the economy developed in recent …
Persistent link: https://www.econbiz.de/10009351524