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Measuring the UK short-run NAIRU
Batini, Nicoletta; Greenslade, Jennifer V. - 2003
This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …
Persistent link: https://www.econbiz.de/10011517881
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Demand-supply interactions and unemployment dynamics : can there be path dependency?
Shadman-Mehta, Fatemeh; Sneessens, Henri R. - 1998
Persistent link: https://www.econbiz.de/10001365350
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The impact of the European Monetary Union on inflation persistence in the euro area
Meller, Barbara; Nautz, Dieter - 2009
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
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Current unemployment variance decomposition and consequences of using proxies
Corseuil, Carlos Henrique; Foguel, Miguel Nathan; … - 2021
We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …
Persistent link: https://www.econbiz.de/10012624854
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The rise of the added worker effect
Mankart, Jochen; Oikonomou, Rigas - 2016
We document that the added worker effect (AWE) has increased over the last three decades. We develop a search model with two earner households and we illustrate that the increase in the AWE from the 1980s to the 2000s can be explained through i) the narrowing of the gender pay gap, ii) changes...
Persistent link: https://www.econbiz.de/10011456513
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Labor market reforms, precautionary savings, and global imbalances
Hochmuth, Brigitte; Moyen, Stephane; Stähler, Nikolai - 2019
reducing the generosity of unemployment benefits decreases wages, fosters employment and augments competitiveness as well as …
Persistent link: https://www.econbiz.de/10011995060
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Going the extra mile : effort by workers and job-seekers
Hertweck, Matthias S.; Lewis, Vivien; Villa, Stefania - 2019
We introduce two types of effort into an otherwise standard labor search model to examine indeterminacy and sunspot equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and contributes to self-fulfilling profit expectations,...
Persistent link: https://www.econbiz.de/10012062385
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Does experience shape subjective expectations?
Rossmann, Tobias - 2019
, national unemployment and national business conditions, I measure individual-specific experiences as weighted averages of these …
Persistent link: https://www.econbiz.de/10012064821
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Job creation in tight and slack labor markets
Buchheim, Lukas; Watzinger, Martin; Wilhelm, Matthias - 2019
large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and …
Persistent link: https://www.econbiz.de/10012033285
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Public works for Poland? : active labour market policies during transition
Puhani, Patrick A.; Steiner, Viktor - 1996
Following the predominance of macroeconomic stabilisation policies and passive income support schemes in the first phase of transition, active labour market policies (ALMPs) have now come to play a more important role in transition economies. This paper looks at the Polish experience and...
Persistent link: https://www.econbiz.de/10011622125