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The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential …
Persistent link: https://www.econbiz.de/10014396053
various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …
Persistent link: https://www.econbiz.de/10014401626
relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …
Persistent link: https://www.econbiz.de/10014404032
This paper presents empirical estimates of the policy and structural determinants of the natural rate of unemployment … real wages to their equilibrium level. Estimates are presented showing how the generosity of the unemployment insurance … system is related to past levels of unemployment. The empirical results indicate that government policies have been largely …
Persistent link: https://www.econbiz.de/10014396305
This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …
Persistent link: https://www.econbiz.de/10014398156
relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …
Persistent link: https://www.econbiz.de/10005826536
Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes underlying such dispersion. According to our empirical findings, persistent RULC growth differentials can...
Persistent link: https://www.econbiz.de/10009019597
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/10014400692
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395945
Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...
Persistent link: https://www.econbiz.de/10014396039