Showing 1 - 10 of 273
Persistent link: https://www.econbiz.de/10004977298
Persistent link: https://www.econbiz.de/10005032855
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … employees (entrants) receive their reservation wages. The reason given is that an increase in insider wages gives rise to a … counterveiling fall in reservation wages, leaving the present value of wage costs unchanged. Our analysis contradicts this …
Persistent link: https://www.econbiz.de/10005123530
Persistent link: https://www.econbiz.de/10005032828
Persistent link: https://www.econbiz.de/10004992961
This paper examines five bubbles that eventually popped, and discuses the feasibility of central bank policy. In all cases, we find that monetary policy was too loose during the period when the bubble was developing, and that a determined switch from an accommodating to a tight stance caused...
Persistent link: https://www.econbiz.de/10004971353
Persistent link: https://www.econbiz.de/10004971356
Persistent link: https://www.econbiz.de/10004971403
Persistent link: https://www.econbiz.de/10004971420
Persistent link: https://www.econbiz.de/10004977293