Narrow search
Showing 1 - 10 of 1,766
Cover Image
Unemployment in an Interdependent World
Felbermayr, Gabriel J. - 2010
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …
Persistent link: https://www.econbiz.de/10013150804
Cover Image
Equilibrium Unemployment with Outsourcing Under Labour Market Imperfections
Koskela, Erkki - 2007
high-wage country with an imperfectly competitive labour market so that outsourcing reduces equilibrium unemployment …
Persistent link: https://www.econbiz.de/10012777827
Cover Image
Flexible Outsourcing, Profit Sharing and Equilibrium Unemployment
Koskela, Erkki - 2008
outsourcing cost, profit sharing and equilibrium unemployment, when profit sharing is also a part of the compensation schemes in … wage effect. For equilibrium unemployment the effects of outsourcing cost and profit sharing are ambiguous both in case of … the absence or presence of outsourcing and in this case lower outsourcing cost will decrease unemployment …
Persistent link: https://www.econbiz.de/10012770494
Cover Image
Workforce Location and Equilibrium Unemployment in a Duocentric Economy with Matching Frictions
Lehmann, Etienne - 2015
This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and … changes in the workforce distribution have non-negligible effects on unemployment rates, wages, and net output, but cannot be …
Persistent link: https://www.econbiz.de/10013014200
Cover Image
Uncertainty-Dependent Effects of Monetary Policy Shocks : A New Keynesian Interpretation
Castelnuovo, Efrem - 2018
We estimate a nonlinear VAR model to study the real effects of monetary policy shocks in regimes characterized by high vs. low macroeconomic uncertainty. We find unexpected monetary policy moves to exert a substantially milder impact in presence of high uncertainty. We then exploit the set of...
Persistent link: https://www.econbiz.de/10012926998
Cover Image
The Macroeconomics of TANSTAAFL
Grossmann, Volker - 2011
This paper shows that dynamic inefficiency can occur in dynamic general equilibrium models with fully optimizing, infinitely-lived households even in a situation with underinvestment. We identify necessary conditions for such a possibility and illustrate it in a standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10013117910
Cover Image
Theory and Practice of GVAR Modeling
Chudik, Alexander - 2014
The Global Vector Autoregressive (GVAR) approach has proven to be a very useful approach to analyze interactions in the global macroeconomy and other data networks where both the cross-section and the time dimensions are large. This paper surveys the latest developments in the GVAR modeling,...
Persistent link: https://www.econbiz.de/10013052095
Cover Image
Behavioral Economics and Macroeconomic Models
Driscoll, John C. - 2014
Over the past 20 years, macroeconomists have incorporated more and more results from behavioral economics into their models. We argue that doing so has helped fixed deficiencies with standard approaches to modeling the economy — for example, the counterfactual absence of inertia in the...
Persistent link: https://www.econbiz.de/10013053066
Cover Image
Macroeconomic Modeling When Agents are Imperfectly Informed
De Grauwe, Paul - 2013
DSGE-models have become important tools of analysis not only in academia but increasingly in the board rooms of central banks. The success of these models has much to do with the coherence of the intellectual framework it provides. The limitations of these models come from the fact that they...
Persistent link: https://www.econbiz.de/10012753586
Cover Image
Top-Down versus Bottom-Up Macroeconomics
De Grauwe, Paul - 2013
I distinguish two types of macroeconomic models. The first type are top-down models in which some or all agents are capable of understanding the whole picture and use this superior information to determine their optimal plans. The second type are bottom-up models in which all agents experience...
Persistent link: https://www.econbiz.de/10013094816