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What are the Main Obstacles to Hiring after Recessions in Europe?

Savsek, Simon - 2021

This paper assesses the relative importance of perceived obstacles to hiring workers on a permanent basis faced by EU firms and studies how they depend on firm’s characteristics. Findings suggest that the main obstacles to hiring in Europe are high uncertainty, shortage of skilled labour, high...

Persistent link: https://www.econbiz.de/10013315423

Why Do Europeans Work Part-Time? A Cross-Country Panel Analysis

Mourre, Gilles; Buddelmeyer, Hielke; Ward-Warmedinger, … - 2021

consistent with firms utilizing part-time work to adjust their labor force to changing economic conditions. Institutions and …

Persistent link: https://www.econbiz.de/10013316586

On market forces an human evolution

Saint-Paul, Gilles - 2002

Persistent link: https://www.econbiz.de/10013268892

The Employment Consequences of SMEs’ Credit Constraints in the Wake of the Great Recession

Cornille, David - 2017

This article takes advantage of access to confidential matched bank-firm data relative to the Belgian economy to investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the wake of the Great Recession. Variability in banks'...

Persistent link: https://www.econbiz.de/10012940882

Technology shocks and robust sign restrictions in a euro area SVAR

Peersman, Gert; Straub, Roland - 2004

This paper provides evidence for the impact of technology, labor supply, monetary policy and aggregate spending shocks on hours worked in the Euro area. The evidence is based on a vector autoregression identi?ed using sign restrictions that are consistent with both sticky price and real business...

Persistent link: https://www.econbiz.de/10011604419

Persistence and nominal inertia in a generalized Taylor economy: how longer contracts dominate shorter contracts

Dixon, Huw; Kara, Engin - 2005

In this paper we develop the Generalized Taylor Economy (GTE) in which there are many sectors with overlapping contracts of different lengths. In economies with the same average contract length, monetary shocks will be more persistent when longer contracts are present. We are able to solve the...

Persistent link: https://www.econbiz.de/10011604535

Cyclical inflation divergence and different labor market institutions in the EMU

Campolmi, Alessia; Faia, Ester - 2006

differences in labor market institutions across the same set of countries. It does that by using a DSGE model for a currency area … with sticky prices and labor market frictions. We show that differences in labor market institutions account well for … cyclical inflation differentials. The proposed mechanism is a supply side one in which differences in labor market institutions …

Persistent link: https://www.econbiz.de/10011604665

Employment stickiness in small manufacturing firms

Vermeulen, Philip - 2006

Small firms often do not change their number of employees from year to year. This paper investigates the role of adjustment costs and indivisibility of labor in the employment stickiness of manufacturing firms with less than 75 employees. When small firms have to adjust employment in units of at...

Persistent link: https://www.econbiz.de/10011604686

Optimal simple monetary policy rules and non-atomistic wage setters in a New-Keynesian framework

Gnocchi, Stefano - 2006

The purpose of the paper is to design optimal monetary policy rules in a New-Keynesian model featuring the presence of non-atomistic unions. It is shown that concentrated labor markets call for more aggressive inflation stabilization. This is because the central bank is able to induce wage...

Persistent link: https://www.econbiz.de/10011604736

Optimal monetary policy rules with labor market frictions

Faia, Ester - 2006

deviate from the strict inflation targeting since the policy maker faces a typical unemployment/inflation trade-off. In this … (hence the output gap) since the latter also depends on the evolution of unemployment. The matching frictions add a … matches. Hence optimal monetary policy features unemployment targeting along with inflation targeting. …

Persistent link: https://www.econbiz.de/10011604744