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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

International Monetary Fund (IMF); International … - 2006

combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …

Persistent link: https://www.econbiz.de/10005263884

Canadian Firm and Job Dynamics

Balakrishnan, Ravi - International Monetary Fund (IMF) - 2008

To understand better Canada's smooth reallocation of labor in response to the recent commodity price boom, but seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States. Overall, it finds that while Canada's labor market efficiency...

Persistent link: https://www.econbiz.de/10005263929

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

Can Institutional Reform Reduce Job Destruction and Unemployment Duration? Yes it Can

International Monetary Fund (IMF); International … - 2012

We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …

Persistent link: https://www.econbiz.de/10009654152

Employment Protection and Business Cycles in Emerging Economies

Lama, Ruy; Urrutia, Carlos - International Monetary Fund (IMF) - 2011

We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment protection in shaping business cycles in emerging economies. The model features matching frictions and an endogenous selection effect by which inefficient jobs are destroyed in...

Persistent link: https://www.econbiz.de/10009401199

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

After the Crisis; Lower Consumption Growth But Narrower Global Imbalances?

Ohnsorge, Franziska; Mody, Ashoka - International Monetary Fund (IMF) - 2010

.S. experiencing a sharper rise in unemployment and, perhaps, more widespread loss of financial wealth than elsewhere in the G-7, the …

Persistent link: https://www.econbiz.de/10008561067

Canada's Potential Growth; Another Victim of the Crisis?

Estevão, Marcello M.; Tsounta, Evridiki - International Monetary Fund (IMF) - 2010

-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential …

Persistent link: https://www.econbiz.de/10008561074

Banks and Labor As Stakeholders; Impacton Economic Performance

Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2008

Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been …

Persistent link: https://www.econbiz.de/10005825652