Showing 1 - 10 of 94
Major changes in the Norwegian exchange rate have often coincided with large fluctuations in the price of crude oil. Previous empirical studies have however suggested a weak and ambiguous relation between the oil price and the exchange rate. In contrast to these studies, this paper explores the...
Persistent link: https://www.econbiz.de/10010605247
labour market (e.g. Layard, Nickell and Jackman, 1991) imply that equilibrium unemployment is independent of the capital … returns to capital increase. Using this assumption, we show that equilibrium unemployment depends on the capital stock over a …
Persistent link: https://www.econbiz.de/10004977880
In an economy with a fixed exchange rate regime that suffers a random adverse shock, we study the strategies of imperfectly and sequentially informed speculators that may trigger an endogenous devaluation before it occurs exogenously. The game played by the speculators has a unique symmetric...
Persistent link: https://www.econbiz.de/10010661412
This paper estimates a New Keynesian model to investigate to what extent labour market reforms undertaken by the Thatcher government in the late 1930s and the introduction of a constant inflation target in 1992 might have changed the UK economic outlook if they had been introduced in the early...
Persistent link: https://www.econbiz.de/10011004267
Major changes in the Norwegian exchange rate have often coincided with large fluctuations in the price of crude oil. Previous empirical studies have however suggested a weak and ambiguous relation between the oil price and the exchange rate. In contrast to these studies, this paper explores the...
Persistent link: https://www.econbiz.de/10005090673
Although it is a common theoretical assumption that the chances to find a job fall with time in unmeployment, this is not systematically confirmed by empirical evidence, and there is no evidence for developing countries.  We develop a farmework that allows us to test the four major explanations...
Persistent link: https://www.econbiz.de/10011004427
unemployment benefits, the existence of Active Labour Market Policies, the change in labour demand, segmentation of the labour … market, and unemployment as a queuing phenomenon. We test each of these explanations and find that labour market segmentation …
Persistent link: https://www.econbiz.de/10010604938
The added worker effect states that unemployment of a household member leads to an increase in labour supply of another … have more entitlements, waiting in unemployment for a good job is not one of them. We carry out two separate analyses to … no added worker effect. This suggests that households have other ways to cope with unemployment and is consistent with …
Persistent link: https://www.econbiz.de/10010605211
South Africa’s unemployment rate is one of the highest in the world, and it has important distributional implications …. The paper examines the incidence of unemployment using two national household surveys for the mid-1990s. Both entry to … unemployment and the duration of unemployment are examined. A probit model of the determinants of unemployment is estimated: it …
Persistent link: https://www.econbiz.de/10010605257
With around 50% of the urban men between age 15 and 30 unemployed, Ethiopia has one of the highest unemployment rates … worldwide. This paper describes the nature of unemployment among young men in urban Ethiopia. We analyse the determinants of … incidence and duration and find that most variables have the same effect on both. Unemployment is concentrated among relatively …
Persistent link: https://www.econbiz.de/10010605273