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Real wages and business cycle asymmetries : presented at CESifo conference "Academic Use of ifo Survey Data", December 2003

Woitek, Ulrich - 2004

The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...

Persistent link: https://www.econbiz.de/10011449261

Two-tier labor markets in the great recession : France vs. Spain

Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan J.; Le … - 2010

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in France, unemployment rate has increased by 2 percentage...

Persistent link: https://www.econbiz.de/10008757525

Sectoral Okun's law and cross-country cyclical differences

Goto, Eiji; Bürgi, Constantin - 2020

US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are …

Persistent link: https://www.econbiz.de/10012166007

Hong Kong output dynamics : an empirical analysis

Cheung, Yin-Wong - 2001

Advanced statistical techniques are used to analyze Hong Kong output dynamics. Hong Kong, Japan and the U.S. are found …

Persistent link: https://www.econbiz.de/10011398863

The stagnation of household consumption in Japan

Horioka, Charles - 2004

-long recession in Japan during the 1990s and early 2000s and the reasons for the stagnation of household consumption during this …

Persistent link: https://www.econbiz.de/10011402668

Will stability last?

Martin, Will (contributor); Rowthorn, Bob (contributor) - 2004

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic …

Persistent link: https://www.econbiz.de/10002521030

The macroeconomic policy challenges of balance sheet recession : lessons from Japan for the European crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

Persistent link: https://www.econbiz.de/10009743745

Real effects of quantitative easing at the zero-lower bound : structural VAR-based evidence from Japan

Schenkelberg, Heike; Watzka, Sebastian - 2011

. These results are interesting not only for Japan, but also for other advanced economies where monetary policy is currently …

Persistent link: https://www.econbiz.de/10009130244

The signaling effects of fiscal announcements

Melosi, Leonardo; Morita, Hiroshi; Rogantini Picco, Anna; … - 2024

. Analysis of a new dataset of daily stock prices and fiscal news in Japan supports these predictions. We introduce a method to …

Persistent link: https://www.econbiz.de/10015052575

The cross-section of firms over the business cycle : new facts and a DSGE exploration

Bachmann, Ruediger; Bayer, Christian - 2009

Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...

Persistent link: https://www.econbiz.de/10003888063