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Dismissals for Cause:The Difference That Just Eight Paragraphs Can Make

Martins, Pedro S. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper provides evidence about the effects of dismissals-for-cause requirements, aspecific component of employment protection legislation that has received little attentiondespite its potential relevance. We study a quasi-natural experiment generated by a lawintroduced in Portugal in 1989:...

Persistent link: https://www.econbiz.de/10005861536

Why Ex(Im)porters Pay More:Evidence from Matched Firm-Worker Panels

Martins, Pedro S.; Opromolla, Luca David - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

We investigate the relationship between exporting, importing, and wage premia using a richmatched employer … set of worker- and firm-levelobservable and unobservable characteristics to the wage gap, and (ii) by controlling for … firm size and sales are, todifferent extents, important components of the wage gap both for exporters and importers …

Persistent link: https://www.econbiz.de/10009522216

Foreign Ownership, Employment and Wages in Brazi l: Evidence from Acquisitions, Divestments and Job Movers

Martins, Pedro S.; Esteves, Luiz A. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

employment and wage practices of foreign and domestic firms in Brazil, using detailed matched firm-worker panel data... …

Persistent link: https://www.econbiz.de/10005859603

Productive Government Expenditure in Monetary Business Cycle Models

Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2005

This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models'...

Persistent link: https://www.econbiz.de/10011255722

Debt Non-Neutrality, Policy Interactions, and Macroeconomic Stability

Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2005

We study the consequences of non-neutrality of government debt for macroeconomic stabilization policy in an environment where prices are sticky. Assuming transaction services of government bonds, Ricardian equivalence fails because public debt has a negative impact on its marginal rate of return...

Persistent link: https://www.econbiz.de/10011255848

When is Quantitative Easing effective?

Hoermann, Markus; Schabert, Andreas - Tinbergen Instituut - 2011

We present a simple macroeconomic model with open market operations that allows examining the effects of quantitative and credit easing. The central bank controls the policy rate, i.e. the price of money in open market operations, as well as the amount and the type of assets that are accepted as...

Persistent link: https://www.econbiz.de/10011255917

Money Supply and the Implementation of Interest Rate Targets

Schabert, Andreas - Tinbergen Instituut - 2005

In this paper, we analyze the relation between interest rate targets and money supply in a (bubble-free) rational expectations equilibrium of a standard cash-in-advance model. We examine lump-sum injections of money aimed to implement interest rate sequences that satisfy interest rate target...

Persistent link: https://www.econbiz.de/10011256060

Default Risk Premia on Government Bonds in a Quantitative Macroeconomic Model

Juessen, Falko; Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2009

This paper examines the pricing of public debt in a quantitative macroeconomic model with government default risk. Default may occur due to a fiscal policy that does not preclude a Ponzi game. When a build-up of public debt makes this outcome inevitable, households stop lending such that the...

Persistent link: https://www.econbiz.de/10011256090

Modeling Monetary Policy

Reynard, Samuel; Schabert, Andreas - Tinbergen Instituut - 2009

We develop a macroeconomic framework where money issupplied against only few eligible securities in open marketoperations. The relationship between the policy rate,expected inflation and consumption growth is affected bymoney market conditions, i.e. the varying liquidity value ofeligible assets...

Persistent link: https://www.econbiz.de/10011256586

Federal Reserve Policy viewed through a Money Supply Loss

Chowdhury, Ibrahim; Schabert, Andreas - Tinbergen Instituut - 2008

Federal Reserve nonborrowed reserve supply systematically responded to changes in inflation and in the output gap over the period 1969-2000. While the feedback from output gap is always negative, the response of money supply to changes in inflation varies considerably across time. Nonborrowed...

Persistent link: https://www.econbiz.de/10011256606