Showing 1 - 10 of 95
We incorporate imperfectly insured unemployment in the finance constrained economy proposed by Woodford (1986), by … introducing unions and unemployment benefits financed by labor taxation. We show that this simple extension of the Woodford model …
Persistent link: https://www.econbiz.de/10010898612
decline in the unemployment rate can be attributed to the increase in the labor force, while the number of job seekers remains …, which lowers the markup by 3 percentage points, results in a fall in the unemployment rate by 0.1 and 0.05 percentage point …
Persistent link: https://www.econbiz.de/10009004178
This article aims to establish a link between the unemployment duration and the inter vivos transfers received by the … on the receiver's unemployment duration. Ultimately, a recursion arises and leads to a simulteanous determination of the … transfer and the duration. The model aims to apprehend the job search behaviour in a context where the unemployment …
Persistent link: https://www.econbiz.de/10009322916
telephone survey targeted at those leaving the unemployment registers; this enriched data source has a balanced and much higher …
Persistent link: https://www.econbiz.de/10010738743
-term economic outlook, namely the Industrial Production Index and the Unemployment Rate. …
Persistent link: https://www.econbiz.de/10010738487
This paper is motivated by the rising interest in assessing the effect of disruptions in resources and environmental conditions on economic growth. Such an assessment requires, ultimately, the use of truly integrated models of the climate and economic systems. For these purposes, we have...
Persistent link: https://www.econbiz.de/10010691388
Firms devote significant resources to maintain and repair thei existing capital. Within a real business cycle model featuring arguably small aggregate increasing returns, this paper assesses the stabilizing effects of fiscal policies with a maintenance expenditure allowance. In this setup, firms...
Persistent link: https://www.econbiz.de/10010738684
This paper studies how income-based, progressive taxes and transfers may reduce aggregate volatility by protecting the economy against expectation-driven business cycles. Eliminating “local” sunspots that are arbitrarily close to an indeterminate steady state requires, for sensible parameter...
Persistent link: https://www.econbiz.de/10010751034
The bargaining power of international banks is currently still very high as compared to what it was at the time of the Bretton Woods conference. As a consequence, systemic financial crises are likely to remain recurrent phenomena with large effects on macroeconomic aggregates. Mainstream...
Persistent link: https://www.econbiz.de/10011025682
This paper examines the macroeconomic determinants of migrants' remittances dynamics. The study uses panel VAR methods in order to compensate for both data limitations and endogeneity among variables. The analysis considers annual data for 14 Latin and Caribbean countries over the period...
Persistent link: https://www.econbiz.de/10011025873