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Extending the approach of Bernanke and Blinder (1992), Strongin (1992), and Christiano, Eichenbaum, and Evans (1994a, 1994b), we develop and apply a VAR-based methodology for measuring the stance of monetary policy. More specifically, we develop a 'semi-structural' VAR approach, which extracts...
Persistent link: https://www.econbiz.de/10013218416
We conduct a comparative welfare analysis of 133 historical policy changes over the past half-century in the United States, focusing on policies in social insurance, education and job training, taxes and cash transfers, and in-kind transfers. For each policy, we use existing causal estimates to...
Persistent link: https://www.econbiz.de/10013224352
wages; the most widely accepted theoretical explanations interpret the unemployment rate as a measure of job competition …. This paper proposes new ways of measuring job competition, alternative to the unemployment rate, and finds that the … negative relationship still holds when job competition is measured following the job search literature. While for men the wage …
Persistent link: https://www.econbiz.de/10003941443
Persistent link: https://www.econbiz.de/10001800163
in the United States, we specify a flexible model to capture competition between a plant in a state with carbon pricing …
Persistent link: https://www.econbiz.de/10013324679
Persistent link: https://www.econbiz.de/10001800159
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers' well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10003661548
management on firm performance; (ii) a positive relationship between product market competition and average management quality … (part of which stems from the larger covariance between management with firm size as competition strengthens); and (iii) a …
Persistent link: https://www.econbiz.de/10011486495
, private competition, and tracking have been found to be important sources of international differences in student achievement. …
Persistent link: https://www.econbiz.de/10011493943
Persistent link: https://www.econbiz.de/10002226391