Showing 1 - 10 of 21
policies and to study the problem of unemployment. These notes mean to provide an exhaustive introduction to the study of the …
Persistent link: https://www.econbiz.de/10008506108
eliminate unemployment, viz. downward wage rate flexibility, is self-defeating because it does not take the objective systemic …
Persistent link: https://www.econbiz.de/10011109370
In this paper, we implement Bayesian econometric techniques to analyze a theoretical framework built along the lines of Farmer's micro-foundation of the General Theory. Specifically, we test the ability of a demand-driven search model with self-fulfilling expectations to match the behaviour of...
Persistent link: https://www.econbiz.de/10011109526
This paper introduces a model of efficiency-wage competition along the lines put forward by Hahn (1987). Specifically, I analyse a two-firm economy in which employers screen their workforce by means of increasing wage offers competing one another for high-quality employees. The main results are...
Persistent link: https://www.econbiz.de/10011109551
In this paper, we explore the fluctuations of unemployment and vacancies in the Italian labour market over the last … line with previous findings on the unemployment volatility puzzle, we find that the labour market tightness indicator is …
Persistent link: https://www.econbiz.de/10011111175
the social elasticity of the matching function with respect to unemployment. …
Persistent link: https://www.econbiz.de/10011157018
Keynes had a lot of plausible things to say about unemployment and its causes. His ‘mercurial mind’, though, relied on …-off between price inflation and unemployment. …
Persistent link: https://www.econbiz.de/10011257999
There is no such thing as a real economy. The task, therefore, is to consistently reconstruct the fluctuations of employment and output from the interactions of real and nominal variables. The present paper does exactly this. No nonempirical concepts like utility, equilibrium, rationality,...
Persistent link: https://www.econbiz.de/10011259544
There is not much use to attack standard economics because deep in his heart the representative economist long knows that he is tied to a degenerating research program. The problem is, rather, that it seems to be exceedingly difficult to build up a convincing alternative. Keynes, for one, tried...
Persistent link: https://www.econbiz.de/10011259647
Standard economics is regarded as the theory of the market system. Profit is the pivotal phenomenon of this system. Contrary to expectations, though, profit is neither well defined not fully understood. The frailty of the theoretical core is passed on to the subfields. This paper provides a...
Persistent link: https://www.econbiz.de/10011260990