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This paper uses an extended version of “FiMod – A DSGE Model for Fiscal Policy Simulations” (Stähler and Thomas, 2011) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish economy. The main...
Persistent link: https://www.econbiz.de/10009389750
Labor market studies on the effects of minimum wages are typically confined to the sector or worker group directly affected. We present a two-sector search model in which one sector is more productive than the other one and thus, pays higher wages. In such a framework, setting a minimum wage in...
Persistent link: https://www.econbiz.de/10003811115
This paper develops a medium-scale dynamic, stochastic, general equilibrium (DSGE) model for fiscal policy simulations. Relative to existingmodels of this type, our model incorporates a two-country monetary union structure, which makes it well suited to simulate fiscal measures by relatively...
Persistent link: https://www.econbiz.de/10008937391
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions affect the transmission process of monetary policy. The...
Persistent link: https://www.econbiz.de/10003304975
In theoretical literature, the effects of employment protection on unemployment are ambiguous. Higher employment protection decreases job creation as well as job destruction. However, in most models, wages are bargained individually between workers and firms. Using a conventional matching model...
Persistent link: https://www.econbiz.de/10003447817
Weltweit werden etwa 3 Billionen US-Dollar staatlicher Hilfen ausgegeben, um den Absturz der Weltwirtschaft abzubremsen. Dieser Nachfrageschub von 4,7 Prozent des Welteinkommens hat zuallererst die Aufgabe, die Spirale gestrichener Investitionspläne, reduzierter Produktion, gesunkener...
Persistent link: https://www.econbiz.de/10010300031
Die Stromerzeugung aus erneuerbaren Energien erhöhte sich in Deutschland zwischen 1990 und 1998 insgesamt von knapp 19 …. Ein alternatives Förderungssystem zu den in Deutschland eingeführten preisorientierten Förderungsinstrumenten sind die … Quotensysteme werden in Deutschland derzeit zur Förderung der Kraft-Wärme-Koppelung erwogen. Sie werden nach einer Übergangszeit …
Persistent link: https://www.econbiz.de/10010305380
Persistent link: https://www.econbiz.de/10000593583
Szenario würden vor allem andere europäische Länder und insbesondere Deutschland nachhaltig konjunkturell in Mitleidenschaft …
Persistent link: https://www.econbiz.de/10003764611
Persistent link: https://www.econbiz.de/10003320726