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, unemployment, and economic inactivity between 1996 and 2011. In our analyses, we distinguish between fixedterm employment, solo …
Persistent link: https://www.econbiz.de/10010208432
revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general …-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …
Persistent link: https://www.econbiz.de/10009774367
experiences of these macroeconomic outcomes they have made during life. Focusing on expectations about national inflation …, national unemployment and national business conditions, I measure individual-specific experiences as weighted averages of these …
Persistent link: https://www.econbiz.de/10012064821
Persistent link: https://www.econbiz.de/10011410560
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
unemployment, most research has focused on analyzing the effect of unemployment insurance (UI) policies on reemployment outcomes … benefit duration (PBD) within the German UI system, we find that longer PBD leads to longer actual unemployment duration for … for those individuals becoming re-employed. With increasing unemployment benefit duration, the founders’ outcomes in terms …
Persistent link: https://www.econbiz.de/10012241969
Business creation is economically important, and unemployment precedes the creation of a substantial share of new firms …. Yet, most research has focused on analyzing the effects of unemployment insurance policies on re-employment outcomes …, ignoring self-employment. In this paper, we analyze how the potential duration of unemployment benefits, a fundamental design …
Persistent link: https://www.econbiz.de/10015048442
I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …
Persistent link: https://www.econbiz.de/10010516542
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
a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …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 …
Persistent link: https://www.econbiz.de/10011517881