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Using a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009, endogenous switching regression models (SRM) incorporating a predicted corporate efficiency index are estimated in this paper in an effort to clarify the role of cash flow in examining the impact...
Persistent link: https://www.econbiz.de/10010379263
Persistent link: https://www.econbiz.de/10002005366
Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...
Persistent link: https://www.econbiz.de/10011336864
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
Persistent link: https://www.econbiz.de/10011414902
are offered with findings from analyses for the US and Canada to enable assessment of the relative impacts of favorable …
Persistent link: https://www.econbiz.de/10003898600
outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …
Persistent link: https://www.econbiz.de/10010434591
centralized systems (Italy and Germany) lagging behind the more autonomous ones (Canada, Sweden, the UK, the US). For Italy, we …
Persistent link: https://www.econbiz.de/10010408867
in the total, female and male labour force participation rates (LFPR) for Australia, Canada and the USA. We extend the …
Persistent link: https://www.econbiz.de/10009516900
.S., Canada, the U.K., and Germany, we construct beauty measures in different ways that allow putting a lower bound on the true …
Persistent link: https://www.econbiz.de/10009235144
rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural … previous research the LFPRs of Australia, Canada and the USA are stationary implying that the informational value of the …
Persistent link: https://www.econbiz.de/10009580583