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Animal Spirits, Persistent Unemployment and the Belief Function

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2010

which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model …

Persistent link: https://www.econbiz.de/10008692320

Fiscal Policy Can Reduce Unemployment: But There is a Better Alternative

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2009

This paper uses a model with a continuum of equilibrium unemployment rates to explore the effectiveness of fiscal … situation of bilateral monopoly. Using this framework, I explain the current financial crisis as a shift to a high unemployment …

Persistent link: https://www.econbiz.de/10008567800

Animal Spirits, Financial Crises and Persistent Unemployment

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2011

This paper develops a rational expectations model with multiple equilibrium unemployment rates where the price of … a permanent reduction in wealth and consumption and a permanent increase in the unemployment rate. My work suggests that …

Persistent link: https://www.econbiz.de/10009147406

Is Short-time Work a Good Method to Keep Unemployment Down?

Cahuc, Pierre; Carcillo, Stéphane - C.E.P.R. Discussion Papers - 2011

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

Persistent link: https://www.econbiz.de/10008854459

The Stock Market Crash Really Did Cause the Great Recession

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2013

unemployment rate. I show that the connection between changes in the stock market and changes in the unemployment rate has remained … unemployment. …

Persistent link: https://www.econbiz.de/10011083701

The Natural Rate Hypothesis: An idea past its sell-by-date

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2013

Central banks throughout the world predict inflation with new-Keynesian models where, after a shock, the unemployment …

Persistent link: https://www.econbiz.de/10011084150

Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1996

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …

Persistent link: https://www.econbiz.de/10005789067

On the Efficiency of Job Search with Social Networks

Cahuc, Pierre; Fontaine, François - C.E.P.R. Discussion Papers - 2002

of different job search methods, conditional unemployment benefit hikes can improve welfare when individuals are risk …

Persistent link: https://www.econbiz.de/10005792237

The Roots of Low European Employment: Family Culture?

Algan, Yann; Cahuc, Pierre - C.E.P.R. Discussion Papers - 2005

OECD countries faced largely divergent employment rates during the last decades. But the whole bulk of the cross-national and cross-temporal heterogeneity relies on specific demographic groups: prime-age women and younger and older individuals. This paper argues that family labour supply...

Persistent link: https://www.econbiz.de/10005124400

Shooting the Auctioneer

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2005

account for observed volatility in unemployment and vacancies. Following a suggestion by Hall, [4] [5], building on work by …

Persistent link: https://www.econbiz.de/10005124199