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The unemployment effect of central bank transparency
Weber, Christoph S. - 2017
economic outcomes. The question is whether higher transparency comes at some cost, i.e. higher unemployment or higher … unemployment variability. Firstly, the article shows in a theoretical model that opaqueness regarding the central bank …'s preferences does not necessarily lead to lower unemployment. Secondly, the paper analyses the main theoretical results of other …
Persistent link: https://www.econbiz.de/10011869121
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Employment effects of payroll tax subsidies
Collischon, Matthias; Cygan-Rehm, Kamila; Riphahn, Regina T. - 2020
This paper exploits several reforms of wage subsidies in the framework of the German Minijob program to investigate substitution and complementarity relationships between subsidized and non-subsidized labor demand. We apply an instrumental variables approach and use administrative data on German...
Persistent link: https://www.econbiz.de/10012606259
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Income taxation and job creation
Röhrs, Johanna - 2021
In this paper, I argue that there is an inefficiently high number of job creators in a model with labour market imperfections and an endogenous decision to become a job creator. I therefore augment the standard labour matching model developed by Mortensen and Pissarides by an endogenous job...
Persistent link: https://www.econbiz.de/10012606276
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Abwärtsnominal- und Tariflohnstarrheit in Deutschland
Blaes, Barno - 2008
Das Anliegen dieses Beitrags ist es, die nach unten starren nominalen und tariflichen Löhne mit der Normal-Measurement-Error-Modellvariante der Earnings- Function-Methode gleichzeitig zu untersuchen. Die Analysen werden mit der IAB- Regionalstichprobe (1975-2001) separat für Arbeiter und...
Persistent link: https://www.econbiz.de/10010294647
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Ausmaß und reale Konsequenzen nach unten starrer Nominallöhne
Blaes, Barno - 2008
Dieser Beitrag analysiert die Existenz, das Ausmaß sowie die realwirtschaftlichen Implikationen nach unten starrer Nominallöhne in Deutschland. Unter Verwendung von drei alternativen Modellvarianten für die proportionale Abwärtsnominallohnstarrheit wird auf Grundlage der...
Persistent link: https://www.econbiz.de/10010294669
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The effect of Central Bank transparency on exchange rate volatility
Weber, Christoph S. - 2017
The increase in central bank transparency was one of the main developments in central banking in the last two decades. This leads to the question of which effect central bank transparency has on the volatility of exchange rates. According to theoretical considerations, more information could...
Persistent link: https://www.econbiz.de/10011869123
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Uncertainty shocks and employment fluctuations in Germany: The role of establishment size
Kovalenko, Tim - 2021
Uncertainty shocks are found to adversely affect labor market outcomes. Most studies attribute labor adjustments costs for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face higher labor adjustments cost, they should be affected more...
Persistent link: https://www.econbiz.de/10012648084
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Taking Public Opinion Seriously: A General Equilibrium Model of Low-Wage Competition, Offshoring, and Unemployment
Arnold, Lutz G.; Trepl, Stefanie - 2011
This paper analyzes a North-South trade model with costly offshoring and equilibrium unemployment due to union wage …
Persistent link: https://www.econbiz.de/10010294747
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Shocking Germany: A spatial analysis of German regional labor markets
Krebs, Oliver - 2018
This paper quantifies the surprisingly large heterogeneity of real income and employment effects across German counties in response to local productivity shocks. Using a quantitative model with imperfect mobility and sector-specific labor market frictions together with an outstanding data set of...
Persistent link: https://www.econbiz.de/10012042387