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Blanchard, Olivier J. - 1986

The recent European experience of high persistent unemployment has led to the development of theories of unemployment … hysteresis embodying the idea that the equilibrium unemployment rate depends on the history of the actual unemployment rate. This …

Persistent link: https://www.econbiz.de/10012477034

Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment

Blanchard, Olivier J. - 1986

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …

Persistent link: https://www.econbiz.de/10012477035

Hysteresis and the European Unemployment Problem

Blanchard, Olivier J. - 1986

European unemployment has been steadily increasing for the last 15 years and is …equilibrium unemployment. We then confront the theory to both the detailed facts of …insiders and firms, shocks which affect actual unemployment tend also to affect …

Persistent link: https://www.econbiz.de/10012477122

A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination and Keynesian Unemployment

Bulow, Jeremy I. - 1985

unemployment …

Persistent link: https://www.econbiz.de/10012477414

Unemployment Insurance and Labor Force Transitions

Clark, Kim B. - 1982

the effects of unemployment insurance on measured and actual employment, unemployment and non-participation. The data are … effect of UI on unemployment duration and temporary layoffs. The results are rather inconclusive, but suggest the importance …

Persistent link: https://www.econbiz.de/10012478188

Labor Force Transitions and Unemployment

Clark, Kim B. - 1978

This paper challenges conventional views of unemployment. Its results suggest that failure to examine closely labor … force transitions has led to a misleading picture of unemployment and the way the labor market functions in general. There … unemployment. We find that the vast majority of those newly employed come not from unemployment but from outside the labor force …

Persistent link: https://www.econbiz.de/10012478872

Aging, Output Per Capita and Secular Stagnation

Eggertsson, Gauti B. - 2018

This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output...

Persistent link: https://www.econbiz.de/10012480557

On the Existence and Interpretation of the "Unit Root" in U.S. GNP

De Long, J. Bradford - 1988

In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain the choices individuals make when faced with risky prospects. To make this assessment, we use experimental evidence for two random samples of young adults. Using a robust,...

Persistent link: https://www.econbiz.de/10012476345

The Changing Cyclical Variability of Economic Activity in the United States

De Long, J. Bradford - 1984

This paper examines the changing cyclical variability of economic activity in the United States. It first shows that the decline in variability since World War II cannot be explained by changes in the composition of economic activity or by the avoidance of financial panics. We then show that...

Persistent link: https://www.econbiz.de/10012477638

Are Business Cycles Symmetric?

De Long, J. Bradford - 1984

This note shows that contrary to widespread belief there is little evidence that the business cycle is asymmetric. Using American data for the pre- and post-war periods and data on five other major OECD nations for the post-war period, we are unable to support the hypothesis that contractions...

Persistent link: https://www.econbiz.de/10012477644