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Output Stabilization in EMU : IS there a Case for EFTS?

van Aarle, B.; Hougaard Jensen, S.E. - Tilburg University, Center for Economic Research - 1996

Macroeconomic performance in the Economic and Monetary Union (EMU) will be impaired if macroeconomic shocks are largely asymmetric, fiscal policy flexibility is limited, goods markets adjust sluggishly, labour mobility is low and automatic stabilization from federal taxes and government spending...

Persistent link: https://www.econbiz.de/10011092163

Business Cycles in a Two-Sector Model of Endogenous Growth

Canton, E.J.F. - Tilburg University, Center for Economic Research - 1996

Persistent link: https://www.econbiz.de/10011092195

Fiscal Policy in a Stochastic Model of Endogenous Growth

Canton, E.J.F. - Tilburg University, Center for Economic Research - 1997

It is nowadays widely believed that public schooling may contribute favourably to long-term economic growth. The income tax rates that are needed to finance government spending typically show an erratic time pattern. Such tax randomness could increase the intensity of the business cycle. Thus,...

Persistent link: https://www.econbiz.de/10011092367

Effort and the Cycle : Cyclical Implications of Efficiency Wages

Uhlig, H.F.H.V.S.; Xu, Y. - Tilburg University, Center for Economic Research - 1996

theories thus aid in explaining, why \involuntary" unemployment can persist. According to one popular version by Shapiro and … Stiglitz (1984), it is precisely the threat of unemployment which induces workers to provide effort. The purpose of this paper …

Persistent link: https://www.econbiz.de/10011092438

Animal Spirits Meets Creative Destruction

Francois, P.; Lloyd-Ellis, H. - Tilburg University, Center for Economic Research - 2001

We show how a Schumpeterian process of creative destruction can induce coordination in the timing of entrepreneurial activities across diverse sectors of the economy.Consequently, a multi-sector economy, in which sector-specific, productivity improvements are made by independent, profit-seeking...

Persistent link: https://www.econbiz.de/10011092449

Business Cycles and Compositional Variation in U.S. Unemployment

Abbring, Jaap H.; van Ours, Jan; van den Berg, G. - Tilburg University, Center for Economic Research - 1999

In this paper we study U.S. unemployment dynamics using grouped unemployment data from the Current Population Survey … over the period 1968-1992. We estimate a model that traces variation in these unemployment data, both over time and between …

Persistent link: https://www.econbiz.de/10011092498

What are the Effects of Fiscal Policy Shocks?

Mountford, A.W.; Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 2002

We investigate the effects of fiscal policy surprises for US data, using vector autoregressions.We overcome the difficulties that changes in fiscal policy may manifest themselves in variables other than fiscal variables first and that fiscal variables may respond 'automatically' to business...

Persistent link: https://www.econbiz.de/10011092709

The Myth of Worksharing

Kapteyn, A.; Kalwij, A.S.; Zaidi, M.A. - Tilburg University, Center for Economic Research - 2000

Worksharing is considered by many as a promising public policy to reduce unemployment. In this paper we present a … evidence for the proposition that worksharing would promote employment or reduce unemployment. In an appendix we present an …

Persistent link: https://www.econbiz.de/10011090366

Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Some Evidence

Cukierman, A.; Lippi, F. - Tilburg University, Center for Economic Research - 1998

centralization of wage bargaining and of the interaction between those institutional variables, on real wages, unemployment and … decrease in the number of unions) triggers two opposite effects on real wages, unemployment and inflation. It reduces the … competition effect" raises real wages, unemployment and in°ation. But the decrease in the number of unions also strengthens the …

Persistent link: https://www.econbiz.de/10011090389

Separations at the Firm Level

van Ours, Jan; Gautier, P.A.; van den Berg, G.; Ridder, G. - Tilburg University, Center for Economic Research - 1999

-off policy of firms can explain the relatively high level of unemployment amongst lower educated workers and the relatively … strong sensitivity of their unemployment rate to the business cycle. We find that lay-off rates decrease with education but … with a higher level of education can not explain the stronger cyclicality of the unemployment rate for lower educated …

Persistent link: https://www.econbiz.de/10011090392