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Institutions and structural unemployment : do capital-market imperfections matter?
Belke, Ansgar; Fehn, Rainer - 2001
This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment...
Persistent link: https://www.econbiz.de/10011398923
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Can time-varying currency risk hedging explain exchange rates?
Bräuer, Leonie; Hau, Harald - 2022
bond positions, which creates a net hedging demand for dollar assets that depreciates USD rates in both the forward and … spot markets. We document the time-varying nature of this net hedging demand and show how it relates to eco … FX hedging pressure can account for approximately 30% of all monthly variation in the seven most important dollar …
Persistent link: https://www.econbiz.de/10013440410
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The unemployment accelerator
Blanco, Andres; Navarro, Gaston - 2016
This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on two key assumptions: search frictions in the labor...
Persistent link: https://www.econbiz.de/10011573865
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Hospital competition and quality with regulated prices
Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - 2009
We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect of (i) introducing competition (monopoly versus competition) and (ii) increasing competition through lower transportation costs (increased substitutability) or a higher number...
Persistent link: https://www.econbiz.de/10003850156
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Annuity market imperfection, retirement and economic growth
Heijdra, Ben J.; Mierau, Jochen O. - 2009
We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10003871897
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Equilibrium unemployment with outsourcing under labour market imperfections
Koskela, Erkki (contributor); Stenbacka, Rune (contributor) - 2007
Persistent link: https://www.econbiz.de/10003462260
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Firm level productivity under imperfect competition in output and labor markets
Amoroso, Sara; Kort, Peter M.; Melenberg, Bertrand; … - 2010
This article examines the role of the interaction between product market and labor market imperfections in determining total factor productivity growth (TFPG). Embedding Dobbelaere and Mairesse's (2009) generalization of Hall's (1990) approach, allowing for the possibility that wages are...
Persistent link: https://www.econbiz.de/10003974678
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Strategic outsourcing, profit sharing and equilibrium unemployment
Koskela, Erkki (contributor); König, Jan C. L. (contributor) - 2007
Persistent link: https://www.econbiz.de/10003624646
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Equilibrium unemployment with outsourcing and wage solidarity under labour market imperfections
Koskela, Erkki (contributor); Stenbacka, Rune (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497641
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Illiquidity and under-valuation of firms
Gale, Douglas; Gottardi, Piero - 2009
We study a competitive model in which market incompleteness implies that debt-financed firms may default in some states of nature and default may lead to the sale of the firms' assets at fire sale prices when markets are illiquid. This incompleteness is the only friction in the model and the...
Persistent link: https://www.econbiz.de/10003923631