Showing 1 - 10 of 794
Persistent link: https://www.econbiz.de/10000072556
taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European … decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis … suggests that the reform on job security had no significant effect on the aggregate rate of unemployment …
Persistent link: https://www.econbiz.de/10012471121
We study how trade linkages affect the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. We show that the ability of the model to replicate key empirical regularities following trade integration---synchronization of...
Persistent link: https://www.econbiz.de/10012481329
, permanent unemployment subsidies, firing costs, etc. Such policies create incentives to develop and adopt labor saving capital …
Persistent link: https://www.econbiz.de/10012466081
1) Fear of unemployment substantially depresses pay in both countries …3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US …
Persistent link: https://www.econbiz.de/10012475668
This paper shows that different labor market policies can lead to differences in technology across sectors in a model of labor saving technologies. Labor market regulations reduce the skill premium and as a result, if technologies are labor saving, countries with more stringent labor regulation,...
Persistent link: https://www.econbiz.de/10012457825
The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a … live up to expectations. The level and duration of unemployment increased substantially in the downturn and the growth of …
Persistent link: https://www.econbiz.de/10012459074
In this paper I analyze several issues related to contagion,' including its definition, recent experiences, alternative channels at work, and possible prevention mechanisms. The discussion deals with the macroeconomics implications of contagion, and concentrates on the relationship between the...
Persistent link: https://www.econbiz.de/10012470949
better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and … Mexico …
Persistent link: https://www.econbiz.de/10012470968
studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign … credit growth during crisis periods. In Argentina, the loan portfolios of foreign and domestic privately-owned banks are … similar, and lending rates analogously respond to aggregate demand fluctuations. In Mexico, foreign and domestic banks with …
Persistent link: https://www.econbiz.de/10012471047