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Wage Flexibility in Turbulent Times; A Practitioner's Guide

International Monetary Fund (IMF); International … - 2005

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment …

Persistent link: https://www.econbiz.de/10005248228

How Does Employment Protection Legislation Affect Unemployment in Tunisia? a Search Equilibrium Approach

Fanizza, Domenico; Koranchelian, Taline - International Monetary Fund (IMF) - 2005

restrictions affects the outcome of the matching process and the natural rate of unemployment in Tunisia. The paper concludes that … the removal of firing restrictions is likely to produce a favorable but limited impact on unemployment in Tunisia. …

Persistent link: https://www.econbiz.de/10005264000

Precautionary Savings in the Great Recession

Mody, Ashoka; Sandri, Damiano; Ohnsorge, Franziska - International Monetary Fund (IMF) - 2012

Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...

Persistent link: https://www.econbiz.de/10009654146

Unemployment in Latin America and the Caribbean

International Monetary Fund (IMF); International … - 2011

JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores … the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of … increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions …

Persistent link: https://www.econbiz.de/10009369453

Unemployment and Productivity in the Long Run; The Role of Macroeconomic Volatility

Surico, Paolo; Ricci, Luca Antonio; Benigno, Pierpaolo - International Monetary Fund (IMF) - 2010

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory … generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise …-run unemployment over the 1980s and its rise during the late 2000s. …

Persistent link: https://www.econbiz.de/10008727811

After the Crisis; Assessing the Damage in Italy

Sgherri, Silvia; Morsy, Hanan - International Monetary Fund (IMF) - 2010

Italyâ€™s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth over the last 15 years. The global financial crisis has exacerbated these long-standing weaknesses, taking a heavy toll on Italyâ€™s economy. With output back to its...

Persistent link: https://www.econbiz.de/10008727814

Wage Compression, Employment Restrictions and Unemployment; The Case of Mauritius

International Monetary Fund (IMF); International … - 2004

extent of unemployment and labor market churning. With institutions of the type studied here common across many different … relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the …

Persistent link: https://www.econbiz.de/10005826536

Explaining China's Low Consumption; The Neglected Role of Household Income

Aziz, Jahangir; Cui, Li - International Monetary Fund (IMF) - 2007

The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China's remarkably high growth, the share of consumption in total expenditure has been low and declining due to high and rising saving rate of Chinese...

Persistent link: https://www.econbiz.de/10005768788

Inflation Targeting and the Crisis; An Empirical Assessment

Filho, Irineu E. Carvalho - International Monetary Fund (IMF) - 2010

perception of risk by markets. We also find some weak evidence that IT countries did better on unemployment rates and advanced IT …

Persistent link: https://www.econbiz.de/10008519500

Potential Growth of Australia and New Zealand in the Aftermath of the Global Crisis

Sun, Yan - International Monetary Fund (IMF) - 2010

Using a production function method, this paper assesses the impact of the global crisis on the potential growth of Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external liabilities. The paper finds that the main negative impact of...

Persistent link: https://www.econbiz.de/10008542982