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Work-sharing, layoffs, and intrafirm labour transfers

Kato, Takao - 1984

Persistent link: https://www.econbiz.de/10003529436

Wage divergence and unemployment : the impact of insider power and training costs

Muysken, Joan - 2000

general equilibrium model, this paper shows that skilled insiders in the USA enjoy higher rents and increase the skilled wage … outsiders in the USA do not possess a powerful credible threat to improve their position. This is a consequence from higher … training and education costs in the USA for unskilled employees and unemployed. In Germany, the lower skill wage mark-up leads …

Persistent link: https://www.econbiz.de/10013428334

Optimal timing of policy interventions in troubled banks

König, Philipp Johann; Mayer, Paul; Pothier, David - 2022

We analyze the problem of a policy authority (PA) that must decide when to resolve a troubled bank whose underlying solvency is uncertain. Delaying resolution increases the chance that information arrives that reveals the bank's true solvency state. However, delaying resolution also gives...

Persistent link: https://www.econbiz.de/10013166630

Does the lack of financial stability impair the transmission of monetary policy?

Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019

We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...