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The Misallocation of Resources of Anticipated Inflation

Frenkel, Michael; Mehrez, Gil - EconWPA - 1997

This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...

Persistent link: https://www.econbiz.de/10005126418

Effects of Business Cycles on Labour Market Assimilation of Immigrants

Aydemir, Abdurrahman - EconWPA - 2003

This study addresses the effects of macroeconomic conditions on the labour market outcomes of immigrants. It simultaneously identifies the separate effects of macro conditions at the time of entry to the labour market and at the time of the survey, while allowing for cohort effects. Also, for...

Persistent link: https://www.econbiz.de/10005408346

Effects of Business Cycles on Labour Market Assimilation of Immigrants

Aydemir, Abdurrahman - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005408360

Explaining the Deteriorating Entry Earnings of Canada’s Immigrant

Aydemir, Abdurrahman; Skuterud, Mikal - EconWPA - 2004

The study explores causes of the deterioration in entry earnings of Canadian immigrant cohorts by estimating an empirical specification that nests a number of competing explanations found in the Canadian literature. To do this, we use the pooled sample of Canadian-born and immigrant men employed...

Persistent link: https://www.econbiz.de/10005408361

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

Non-linear real exchange rate effects in the UK labour market

Legrenzi, Gabriella; Milas, Costas - EconWPA - 2004

affecting UK labour market conditions. When the real exchange rate is undervalued, short-run unemployment falls as firms respond … to an improvement in domestic competitiveness by increasing their demand for labour. The unemployment response to the … reflects monetary policy considerations, our results imply that unemployment can be targeted by economic policy. Our results …

Persistent link: https://www.econbiz.de/10005556606

Non-linear real exchange rate effects in the UK labour market

Legrenzi, Gabriella; Milas, Costas - EconWPA - 2005

unemployment vary both with large versus small real exchange rate disequilibria and rising versus falling unemployment regimes. The … adjustment in periods of falling unemployment. This implies that prices and wages are more flexible when real output is high … demanding and getting higher wages. Unemployment is reduced following gains in competitiveness when the real exchange rate is …

Persistent link: https://www.econbiz.de/10005561246