Narrow search
Showing 1 - 10 of 1,973
Cover Image
Structural Unemployment, Underemployment, and Secular Stagnation
Hashimoto, Ken-Ichi - 2020
We introduce a preference for wealth into the standard search and matching model to analyze the labor market when there is persistent demand shortage. We show that, under some conditions, a secular stagnation steady state exists in which the economy permanently operates below capacity due to...
Persistent link: https://www.econbiz.de/10012832192
Cover Image
A Congestion Theory of Unemployment Fluctuations
Mercan, Yusuf; Schoefer, Benjamin; Sedlacek, Petr - 2021
finding jobs expands. On net, unemployment rises only becauseeven more workers lose their jobs. We propose a theory of …
Persistent link: https://www.econbiz.de/10013314859
Cover Image
Unemployment and Endogenous Reallocation Over the Business Cycle
Carrillo-Tudela, Carlos - 2020
This paper studies the extent to which the cyclicality of gross and net occupational mobility shapes that of aggregate unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational mobility and unemployment duration over the...
Persistent link: https://www.econbiz.de/10012833736
Cover Image
The Microeconomics of Cryptocurrencies
Halaburda, Hanna; Haeringer, Guillaume; Gans, Joshua; … - 2021
Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature...
Persistent link: https://www.econbiz.de/10013250041
Cover Image
Macroeconomics and the Environment : A Selective Survey
Sen, Partha - 2020
? National income accounts do not take into account non-market activities. Some progress has been made in the theory and …
Persistent link: https://www.econbiz.de/10012839360
Cover Image
Rising to the Challenge : Bayesian Estimation and Forecasting Techniques for Macroeconomic Agent-Based Models
Delli Gatti, Domenico - 2019
We propose two novel methods to "bring ABMs to the data". First, we put forward a new Bayesian procedure to estimate the numerical values of ABM parameters that takes into account the time structure of simulated and observed time series. Second, we propose a method to forecast aggregate time...
Persistent link: https://www.econbiz.de/10012860573
Cover Image
Macroeconomics with a Thick Pen
Gronwald, Marc; Jin, Xin - 2023
This paper introduces two co-movement measures based on the Thick Pen Transform into the macroeconomic literature: the Thick Pen Measure of Association (TPMA) as well as Multi-Thickness Thick Pen Measure of Association (MTTPMA). Both measures are non-parametric, time-varying, and flexible....
Persistent link: https://www.econbiz.de/10014356480
Cover Image
An Equilibrium Theory of Nominal Exchange Rates
Hagedorn, Marcus - 2021
This paper proposes an equilibrium theory of nominal exchange rates, which offers a new perspective on various issues … features of this theory are that the nominal exchange rate is determined in international financial markets, that the risk … from the nominal exchange rate. In terms of policy, this novel theory implies that a country with an exchange rate peg and …
Persistent link: https://www.econbiz.de/10013212261
Cover Image
Minimum Wage, Trade and Unemployment in General Equilibrium
Marjit, Sugata - 2020
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012841731
Cover Image
Job Search Requirements, Effort Provision and Labor Market Outcomes
Arni, Patrick - 2018
, an additionally provided monthly application decreases the length of spells by 4%. In line with theory, we further find …
Persistent link: https://www.econbiz.de/10012908725