Narrow search
Showing 1 - 10 of 224
Cover Image
More Alike than Different: The Spanish and Irish Labour Markets Before and After the Crisis
Agnese, Pablo; Salvador, Pablo F. - Institute for the Study of Labor (IZA) - 2011
This paper analyses the labour markets of Spain and Ireland, which have experienced a severe downturn in the recent global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and Ireland might seem at first to feature very different...
Persistent link: https://www.econbiz.de/10009024600
Cover Image
Oil Price Shocks and Labor Market Fluctuations
Ordóñez, Javier; Sala, Hector; Silva, José I. - Institute for the Study of Labor (IZA) - 2010
We examine the impact of real oil price shocks on labor market flows in the U.S. We first use smooth transition regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market fluctuations. Then we develop and calibrate a modified version of...
Persistent link: https://www.econbiz.de/10008548709
Cover Image
Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective
Sahin, Afsin; Tansel, Aysit; Berument, Hakan - Institute for the Study of Labor (IZA) - 2013
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships for the aggregate output with...
Persistent link: https://www.econbiz.de/10010884236
Cover Image
The Dynamics of Entrepreneurship: Hysteresis, Business Cycles and Government Policy
Congregado, Emilio; Golpe, Antonio A.; Parker, Simon C. - Institute for the Study of Labor (IZA) - 2009
This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical fluctuations have persistent effects on the natural rate of...
Persistent link: https://www.econbiz.de/10005233799
Cover Image
China's Emergence in the World Economy and Business Cycles in Latin America
Cesa-Bianchi, Ambrogio; Pesaran, Hashem; Rebucci, Alessandro - Institute for the Study of Labor (IZA) - 2011
The international business cycle is very important for Latin America’s economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of...
Persistent link: https://www.econbiz.de/10009225765
Cover Image
Real Wages and the Business Cycle in Germany
Marczak, Martyna; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2010
This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...
Persistent link: https://www.econbiz.de/10008678691
Cover Image
Global Business Cycles: Convergence or Decoupling?
Kose, M. Ayhan; Otrok, Christopher; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2008
, consumption, and investment – into different factors. These are: (i) a global factor, which picks up fluctuations that are common …
Persistent link: https://www.econbiz.de/10005566406
Cover Image
Equilibrium Unemployment and Investment Under Product and Labour Market Imperfections
Kauppi, Heikki; Koskela, Erkki; Stenbacka, Rune - Institute for the Study of Labor (IZA) - 2004
We study the implications of product market competition and investment for price setting, wage bargaining and thereby …
Persistent link: https://www.econbiz.de/10005761730
Cover Image
Non-Linearities in the Expansion of Capital Stock
Verick, Sher; Letterie, Wilko; Pfann, Gerard - Institute for the Study of Labor (IZA) - 2004
The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical … concentrating investment in a single year. Moreover, there is evidence that investment is more sensitive to fundamentals in the high …
Persistent link: https://www.econbiz.de/10005762023
Cover Image
Dynamics of Labour and Capital Adjustment - A Comparison of Germany and the Netherlands
Polder, Michael; Verick, Sher - Institute for the Study of Labor (IZA) - 2004
dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …
Persistent link: https://www.econbiz.de/10005703624