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distribution; and a permanent positive effect on full-time employment. …
Persistent link: https://www.econbiz.de/10012821802
Persistent link: https://www.econbiz.de/10012879896
increase in the working horizon on (un)employment behaviour for individuals with a long remaining statutory working life. Using … probability of employment, decreases the probability of unemployment, and increases the intensity of job search among the … unemployed. Heterogeneity analyses show that the demonstrated employment effects are strongest for women and in occupations with …
Persistent link: https://www.econbiz.de/10014245855
Persistent link: https://www.econbiz.de/10012604343
Our paper deals with the welfare and employment effects of green tax reforms. In the first part we develop a flexible … emission quotas and quantify welfare and employment effects. He or she can choose between different model variants, e. g …ur paper deals with the welfare and employment effects of green tax reforms. In the first part we develop a flexible …
Persistent link: https://www.econbiz.de/10013428403
Persistent link: https://www.econbiz.de/10000138864
This paper uses the European Monetary Union (EMU) as a natural experiment to investigate whether more effective monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm that inflation dynamics differed considerably across Euro...
Persistent link: https://www.econbiz.de/10003875991
This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
Persistent link: https://www.econbiz.de/10011419613
We propose an algorithm to model contagion in the interbank market via what we term the credit quality channel. In existing models on contagion via interbank credit, external shocks to banks often spread to other banks only in case of a default. In contrast, shocks are transmitted via asset...
Persistent link: https://www.econbiz.de/10011381702
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010258716