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New Trade Theory Takes Over Monetary Theory

Gani, M - EconWPA - 2004

Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...

Persistent link: https://www.econbiz.de/10005408069

Labor Force Status Dynamics in the German Labor Market: Individual Heterogeneity and Cyclical Sensitivity

Kluve, Jochen; Schaffner, Sandra; Schmidt, Christoph M. - Institut für Wirtschafts- und Sozialstatistik, … - 2006

between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend …The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions … factors to translate unobserved shocks to the labor market into observed cellspecific unemployment rates as well as bilateral …

Persistent link: https://www.econbiz.de/10009216945

Output, Capital, and Labor in the Short, and Long-Run

Levy, Daniel - EconWPA - 2005

Using a new series of capital stock and frequency domain analysis, this paper provides new empirical evidence on the relative importance of capital and labor in the determination of output in the short and long- run. Contrary to the common practice in the traditional growth accounting literature...

Persistent link: https://www.econbiz.de/10005118712

Is corporatism feasible?

Acocella, Nicola; Bartolomeo, Giovanni Di - EconWPA - 2005

This paper investigates the effects of cooperation (corporatism) on macroeconomic performance by considering a rather standard policy game between the government and a monopoly union. We stress the shortcomings of the traditional way used to model cooperation in policy games (the maximization of...

Persistent link: https://www.econbiz.de/10005412619

Social Networks in Determining Employment and Wages: Patterns, Dynamics, and Inequality

Calvo-Armengol, Antoni; Jackson, Matthew O. - EconWPA - 2002

, unemployment exhibits persistence in the sense of duration dependence: the probability of obtaining a job decreases in the length …

Persistent link: https://www.econbiz.de/10005135002

Do Small and Medium-Sized Enterprises Stabilize Employment? Theoretical Considerations and Evidence from Germany

Fendel, Ralf; Frenkel, Michael - EconWPA - 1996

The hypothesis that the behavior of firms in adjusting the number of their employees along a business cycle depends on the size of the firms has often been mentioned in the literature. Several authors argue that small and medium sized enterprises are more hesitant in hiring additional employees...

Persistent link: https://www.econbiz.de/10005135008