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Rethinking the Role of NAIRU in Monetary Policy : Implications of Model Formulation and Uncertainty
Estrella, Arturo - 2000
-run concept like the natural rate of unemployment. We examine what effect uncertainty has on the use of NAIRU in policy …
Persistent link: https://www.econbiz.de/10012470871
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The Phillips Curve is Back? Using Panel Data to Analyze the Relationship Between Unemployment and Inflation in an Open Economy
DiNardo, John - 1999
Expanding on an approach suggested by Ashenfelter (1984), we extend the Phillips curve to an open economy and exploit panel data to estimate the textbook 'expectations augmented' Phillips curve with a market-based and observable measure of inflation expectations. We develop this measure using...
Persistent link: https://www.econbiz.de/10012471456
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Regression Kink Design : Theory and Practice
Card, David - 2016
unemployment benefits on the duration of joblessness in Austria, and discuss implementation issues that may arise in similar … nonparametric estimation (e.g. Imbens et al. (2012) and Calonico et al. (2014)) are sometimes interpreted by practitioners as … pointing to a default estimation procedure, we show that in any given application different procedures may perform better or …
Persistent link: https://www.econbiz.de/10012455899
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Offshoring and Labor Markets
Hummels, David - 2016
identification strategies used, critically assess strengths and weaknesses, discuss connections with theory, and draw out potential …
Persistent link: https://www.econbiz.de/10012456633
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Analyzing the Labor Market Outcomes of Occupational Licensing
Gittleman, Maury - 2015
Recent assessments of occupational licensing have shown varying effects of the institution on labor market outcomes. This study revisits the relationship between occupational licensing and labor market outcomes by analyzing a new topical module to the Survey of Income and Program Participation...
Persistent link: https://www.econbiz.de/10012457705
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Sticky Information : A Model of Monetary Nonneutrality and Structural Slumps
Mankiw, N. Gregory - 2001
examine U.S. time series and find that, as the model predicts, unemployment fluctuations are associated with both inflation …
Persistent link: https://www.econbiz.de/10012470102
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Incarceration, Recidivism and Employment
Bhuller, Manudeep - 2016
Understanding whether, and in what situations, time spent in prison is criminogenic or preventive has proven challenging due to data availability and correlated unobservables. This paper overcomes these challenges in the context of Norway's criminal justice system, offering new insights into how...
Persistent link: https://www.econbiz.de/10012456032
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The Effect of Unemployment Benefits on the Duration of Unemployment Insurance Receipt : New Evidence from a Regression Kink Design in Missouri, 2003-2013
Card, David - 2015
We provide new evidence on the effect of the unemployment insurance (UI) weekly benefit amount on unemployment …
Persistent link: https://www.econbiz.de/10012457797
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Can Unemployment Insurance Spur Entrepreneurial Activity?
Hombert, Johan - 2014
We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started in response to the reform are, on average, smaller,...
Persistent link: https://www.econbiz.de/10012457949
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Nonlinear Policy Rules and the Identification and Estimation of Causal Effects in a Generalized Regression Kink Design
Card, David - 2012
We consider nonparametric identification and estimation in a nonseparable model where a continuous regressor of … institutional settings where a policy variable (such as weekly unemployment benefits) is determined by an observed but potentially … endogenous assignment variable (like previous earnings). We provide new results on identification and estimation for these …
Persistent link: https://www.econbiz.de/10012460096