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The Shortcomings of a Partial Release of Employment Protection Laws; The Case of the 2005 French Reform

Cahuc, Pierre; Carcillo, Stéphane - International Monetary Fund (IMF) - 2006

, we simulate the effects of this reform on unemployment, employment, and welfare. We estimate that the CNE will lead to … countries or reforms of employment protection laws. Using a model that captures the characteristics of the French labor market …

Persistent link: https://www.econbiz.de/10005263994

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

Can Higher Reserves Help Reduce Exchange Rate Volatility?

Nowak, M.; Hviding, Ketil; Ricci, Luca Antonio - International Monetary Fund (IMF) - 2004

This paper studies the role of an increase in foreign exchange reserves in reducing currency volatility for emerging market countries. The study employs a panel of 28 countries over the period 1986-2002. Several control variables are introduced in the regressions to account for other factors...

Persistent link: https://www.econbiz.de/10005825686