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Deep dynamics
Gottfries, Nils; Mickelsson, Glenn; Stadin, Karolina - 2021
How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
Persistent link: https://www.econbiz.de/10012428917
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Real and nominal wage adjustment in open economies
Forslund, Anders (contributor); Gottfries, Nils (contributor) - 2006
factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages … and competitiveness? To answer these questions, we formulate a theoretical model of wage bargaining in an open economy and … use it to derive a simple wage equation where all parameters have clear economic interpretations. We estimate the wage …
Persistent link: https://www.econbiz.de/10003300963
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The Beveridge curve and labour market flows : a reinterpretation
Gottfries, Nils; Stadin, Karolina - 2019
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high unemployment makes it easier to fill vacancies....
Persistent link: https://www.econbiz.de/10012026458