Narrow search
Showing 1 - 3 of 3
Cover Image
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
Cover Image
A Fiscal Stimulus and Jobless Recovery
Cantore, Cristiano; Levine, Paul; Melina, Giovanni - International Monetary Fund (IMF) - 2013
-elasticity-of-substitution (CES) production function, and adjustments in employment both at the intensive as well as the extensive margin. The …
Persistent link: https://www.econbiz.de/10010790312
Cover Image
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