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immigration on unemployment. The transitory restrictions for worker migration after the EU enlargements of 2004 and 2007 exemplify … alongside trade on unemployment taking into account the substitutability of worker and goods flows. We use data from 24 OECD … persistence of unemployment. We find a significant negative effect of immigration on unemployment on average. …
Persistent link: https://www.econbiz.de/10009372166
This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …
Persistent link: https://www.econbiz.de/10010955891
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005083343
-up process of the Argentine economy nor could it be expected to be a big loser. So, the huge amount of unemployment experienced … unemployment are discussed, the impact of the increasing unemployment and growing inequality in wage distribution on income …
Persistent link: https://www.econbiz.de/10009416985
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005700640
measure construction and technology busts) have little effect on the natural rate of unemployment or on long run productivity … of unemployment and can count for a 0.5% rise in cyclical unemployment from 2007 through the end of 2009 and 0.3% through …
Persistent link: https://www.econbiz.de/10009216281
This paper estimates a high-frequency New Keynesian Phillips curve via the Generalized Method of Moments. Allowing for higher-thanusual frequencies strongly mitigates the well-known problems of smallsample biases and structural breaks. Applying a daily frequency allows us to obtain eventspecific...
Persistent link: https://www.econbiz.de/10008854751
This paper presents a synoptic interpretation of structural unemployment in Europe. The paper consists of three parts …. Part 1 summarises some major stilysed facts of the record and the state of unemployment in Europe. In part 2, these facts … are taken as the basis for a theoretical interpretation of the genesis and persistence of European unemployment. Part 3 …
Persistent link: https://www.econbiz.de/10009276307
We study the forecasting performance of three alternative large scale approaches using a dataset for Germany that consists of 123 variables in quarterly frequency. These three approaches handle the dimensionality problem evoked by such a large dataset by aggregating information, yet on different...
Persistent link: https://www.econbiz.de/10010887025
Using cross-country data, this paper estimates the impact of the 2007 financial shock on countries' macroeconomic developments conditional on national financial regulations before the crisis. For this purpose, the financial reform index developed by Abiad et al. (A New Database of Financial...
Persistent link: https://www.econbiz.de/10010956118