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Unemployment in the European Union : a dynamic reappraisal.

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - Kiel Institute for the World Economy - 2003

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …

Persistent link: https://www.econbiz.de/10008520146

Firing costs and the business cycle: Policy implications in light of the financial crisis.

Brown, Alessio J. G.; Merkl, Christian; Lechthaler, Wolfgang - Kiel Institute for the World Economy - 2009

This lecture is a tour dhorizon of the financial crisis aimed at extracting lessons for future financial regulation. It combines normative recommendations based on conventional welfare economics with positive assessments of the kind of measures likely to be adopted based on political economy...

Persistent link: https://www.econbiz.de/10008495220

G-20-Gipfel in London: ein Durchbruch zur Regulierung der Finanzmärkte?.

Langhammer, Rolf J.; Neuberger, Doris; Polleit, Thorsten; … - Kiel Institute for the World Economy - 2009

Reichen die auf dem G-20-Gipfel beschlossenen Maßnahmen aus, die Finanzmärkte zu regulieren und die Wahrscheinlichkeit zukünftiger Krisen zu senken? Für Rolf J. Langhammer, Institut für Weltwirtschaft, Kiel, dienten die Beschlüsse des G-20-Gipfels der Krisenüberwindung und dem Versuch,...

Persistent link: https://www.econbiz.de/10008575442

Expanding the welfare system : a proposal for reform.

Orszag, Jonathan Michael; Snower, Dennis J. - Kiel Institute for the World Economy - 1998

accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … may be expected to play a substantial role in reducing unemployment, encouraging labour force participation, promoting …

Persistent link: https://www.econbiz.de/10008520144

A reappraisal of the inflation-unemployment tradeoff.

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - Kiel Institute for the World Economy - 2005

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …

Persistent link: https://www.econbiz.de/10008520206

An Incentive Theory of Matching.

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Kiel Institute for the World Economy - 2010

This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...

Persistent link: https://www.econbiz.de/10008492138