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Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

Persistent link: https://www.econbiz.de/10012457972

The Impact of Uncertainty Shocks

Bloom, Nicholas - 2007

Uncertainty appears to jump up after major shocks like the Cuban Missile crisis, the assassination of JFK, the OPEC I oil-price shock and the 9/11 terrorist attack. This paper offers a structural framework to analyze the impact of these uncertainty shocks. I build a model with a time varying...

Persistent link: https://www.econbiz.de/10012465265

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

Edwards, Sebastian - 1989

This paper develops our analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring an official devaluation. The effects of postponing adjustment depend on the source of the original shock,...

Persistent link: https://www.econbiz.de/10012476190

Liquidity and Foreign Asset Management Challenges for Latin American Countries

Aizenman, Joshua - 2014

We analyze the degree to which the growing importance of sovereign wealth funds [SWFs] and the diffusion of inflation targeting and augmented Taylor rules have impacted the post crisis adjustment of Latin American Countries (LATAM) to the challenges associated with terms of trade and financial...

Persistent link: https://www.econbiz.de/10012458019

Macroeconomic Adjustment with Segmented Labor Markets

Agenor, Pierre-Richard - 1994

This paper analyzes the macroeconomic effects of fiscal and labor market policies in a small open developing country. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

Persistent link: https://www.econbiz.de/10012474150

Early Evidence on the Impact of COVID-19 and the Recession on Older Workers

Bui, Truc Thi Mai - 2020

We summarize some of the early effects and discuss possible future effects of the COVID-19 pandemic and recession on the employment outcomes of older workers in the United States. We start by discussing what we know about how older workers faired in prior recessions in the United States and how...

Persistent link: https://www.econbiz.de/10012481643

The Minimum Wage and the Great Recession : Evidence of Effects on the Employment and Income Trajectories of Low-Skilled Workers

Clemens, Jeffrey - 2014

We estimate the minimum wage's effects on low-skilled workers' employment and income trajectories. Our approach exploits two dimensions of the data we analyze. First, we compare workers in states that were bound by recent increases in the federal minimum wage to workers in states that were not....

Persistent link: https://www.econbiz.de/10012457942

The Effect of Fiscal Stimulus : Evidence from COVID-19

Casado, Miguel Garza - 2020

Policymakers, faced with different options for replacing lost earnings, have had limited evidence to inform their decisions. The current economic crisis has highlighted the need for data that are local and timely so that different fiscal policy options on local economies can be more immediately...

Persistent link: https://www.econbiz.de/10012481181

Pollution and Labor Market Search Externalities Over the Business Cycle

Gibson, John - 2020

We study the relationship between unemployment, environmental policy, and business cycles. We develop a dynamic stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities from labor market search frictions, which generate...

Persistent link: https://www.econbiz.de/10012481640

The Impact of Social Networks on Labour Market Outcomes : New Evidence from Cape Breton

Khan, Adnan Q. - 2013

Debates centered on the role of social networks as a determinant of labour market outcomes have a long history in economics and sociology; however, determining causality remains a challenge. In this study we use information on random assignment to a unique intervention to identify the impact of...

Persistent link: https://www.econbiz.de/10012194470

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