Similar Search Results

Government deficit shocks and Okun's coefficient volatility : new insights on the austerity versus growth debate

Binh Thai Pham; Sala, Hector - 2019

Unites States of America (USA). We confirm the heterogeneity of Okun's coefficient across country, and its time … and USA in between. Policy wise, we claim that austerity policies may have unexpected adverse effects on job creation if …

Persistent link: https://www.econbiz.de/10012054782

Oil price shocks and labor market fluctuations

Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2010

(iii) they bring a new amplification mechanism for the volatility and should thus be seen as complementary of labor …

Persistent link: https://www.econbiz.de/10008779924

The rise and fall of Spanish unemployment : a chain reaction theory perspective

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2008

The evolution of Spanish unemployment has been quite idiosyncratic. The full employment levels of the early seventies were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price shocks. While unemployment was extremely persistent in most...

Persistent link: https://www.econbiz.de/10003759214

The relevance of post-match LTC : why has the Spanish labor market become as volatile as the US one?

Sala, Hector (contributor); Silva, José Ignacio (contributor) - 2005

forces governing this volatility are the gaps between entrants and incumbents in terms of separation costs and productivity …

Persistent link: https://www.econbiz.de/10003158646

Flexibility at the margin and labor market volatility in OECD countries

Sala, Hector (contributor); Silva, José Ignacio (contributor) - 2008

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

Persistent link: https://www.econbiz.de/10003652705

Distributional consequences of capital accumulation, globalisation and financialisation in the US

Karanassou, Marika; Sala, Hector - 2013

In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...

Persistent link: https://www.econbiz.de/10009717716

Pandemic-era uncertainty

Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; … - 2022

We examine several measures of uncertainty to make five points. First, equity market traders and executives at nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one-year VIX and our survey-based measure of firm-level...

Persistent link: https://www.econbiz.de/10013186704

Unemployment in the European Union : institutions, prices, and growth

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001800159

The evolution of inflation and unemployment : explaining the roaring nineties

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007

This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a phenomenon arising from the interplay between growth and frictions. In particular, we examine the interaction between money growth (on the one hand) and various real and nominal...

Persistent link: https://www.econbiz.de/10003586564

Inequality and employment sensitivities to the falling labour share

Karanassou, Marika; Sala, Hector - 2011

This paper aims at identifying the labour share (wage-productivity gap) as a major factor in the evolution of inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate country-specific systems of labour demand and Gini coefficient...

Persistent link: https://www.econbiz.de/10009309510