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The macroeconomics of financial crises : how risk premiums, liquidity traps and perfect traps affect policy options

Gärtner, Manfred; Jung, Florian - 2009

markets may drive economies into recessions, it shows the following: (1) Liquidity traps may occur not only when interest … flexible exchange rates when the country is stuck in a liquidity trap; (3) Near the fringe of liquidity traps, the risk arises …

Persistent link: https://www.econbiz.de/10003885838

Household search and the aggregate labor market

Mankart, Jochen; Oikonmou, Rigas - 2012

Persistent link: https://www.econbiz.de/10009719892

Labor market policy instruments and the role of economic turbulence

Schuster, Philip - 2010

Times of high unemployment always inspire debates on the role of labor market policy and its optimal implementation. This paper uses a dynamic model of search unemployment and bilateral wage bargaining to characterize optimal labor market policy in a possibly turbulent environment. A firing...