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Implications of Search Frictions : Matching Aggregate and Establishment-level Observations

Cooper, Russell - 2007

This paper studies hours, employment, vacancies and unemployment at micro and macro levels. It is built around a set of … facts concerning the variability of unemployment and vacancies in the aggregate and, at the establishment level, the …

Persistent link: https://www.econbiz.de/10012465539

Currency Crisis and Unemployment : Sterling in 1931

Eichengreen, Barry - 1998

This paper studies the role of unemployment in sterling's interwar experience. According to most narrative accounts …, the proximate cause of the 1931 sterling crisis was a high and rising unemployment rate that placed pressure on British … currency crises, highlights the conflict between the objective of low unemployment and defense of the currency and show that it …

Persistent link: https://www.econbiz.de/10012472245

Labor Market Implications of Education MisMatch

Cervantes, Carla Varona - 2020

This project studies the impact of education mismatch on labor outcomes. Across our sample of OECD countries, there is evidence of mismatch in education choices and labor markets. Labor market outcomes are not independent of education mismatch. Our framework for analysis is a dynamic choice...

Persistent link: https://www.econbiz.de/10012482388

Costly Labor Adjustment : General Equilibrium Effects of China's Employment Regulations

Cooper, Russell - 2013

This paper studies the employment, productivity and welfare implications of new Chinese labor regulations intended to protect workers' employment conditions. We estimate a general equilibrium model of costly labor adjustment from data prior to the policy. Using the estimated parameters, we study...

Persistent link: https://www.econbiz.de/10012459337

Costly Labor Adjustment : Effects of China's Employment Regulations

Cooper, Russell - 2012

This paper studies the employment and productivity implications of new labor regulations in China. These new restrictions are intended to protect workers' employment conditions by, among other things, increasing firing costs and increasing compensation. We estimate a model of costly labor...

Persistent link: https://www.econbiz.de/10012460711

Imported or Home Grown? The 1992-3 EMS Crisis

Eichengreen, Barry; Naef, Alain - National Bureau of Economic Research - 2021

Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System, allowing us to pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor in...

Persistent link: https://www.econbiz.de/10012696397

MPC Heterogeneity in Europe : Sources and Policy Implications

Ampudia, Miguel - 2018

This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand the sources of the differences in these choices and their implications for the impact of monetary policy on consumption. The estimation of key parameters uses a simulated method...

Persistent link: https://www.econbiz.de/10012480733

Will Brexit Age Well? Cohorts, Seasoning and the Age-Leave Gradient, Past, Present and Future

Eichengreen, Barry - 2018

In the UK's 2016 referendum on EU membership, young voters were more likely than their elders to vote Remain. Applying new methods to a half century of data, we show that this pattern reflects both ageing and cohort effects. Although voters become more Eurosceptical as they age, recent cohorts...

Persistent link: https://www.econbiz.de/10012480870

The Breakup of the Euro Area

Eichengreen, Barry - 2007

The possibility that the euro area might break up was being raised even before the single currency existed. These scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various member states led politicians to blame the European...

Persistent link: https://www.econbiz.de/10012465257

Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation

Cooper, Russell - 2005

This paper studies the repayment of regional debt in a multi-region economy with a central authority: who pays the obligation issued by a region? With commitment, a central government will use its taxation power to smooth distortionary taxes across regions. Absent commitment, the central...

Persistent link: https://www.econbiz.de/10012467021