This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key … and financial stabilization in 1997. The global economic crisis had a major effect on Bulgarian growth and employment … its 2008 level. However, employment growth was negative during 2009–2012, and the first small uptick occurred only in …

This paper examines the impact of fiscal policy on employment through the lenses of Okun’s Law. Looking at the panel … of OECD countries over the past three decades, we find that fiscal policy can affect employment beyond the impact it is … can amplify the impact of the output gap on employment gaps. …

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …

-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K … combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …

relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and …

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …