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On the exchange rate and economic policy uncertainty nexus: a panel VAR approach for emerging markets

Abid, Abir; Rault, Christophe - 2020

We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR …

Persistent link: https://www.econbiz.de/10012239005

The impacts of the dollar-renminbi exchange rate misalignment on the China-United States commodity trade : an asymmetric analysis

Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, … - 2022

Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...

Persistent link: https://www.econbiz.de/10013187157

Reconciling trends in U.S. male earnings volatility : results from survey and administrative data

Moffitt, Robert A.; Bollinger, Christopher R.; Hokayem, … - 2022

There is a large literature on earnings and income volatility in labor economics, household finance, and macroeconomics …. One strand of that literature has studied whether individual earnings volatility has risen or fallen in the U.S. over the … data. Using common specifications, measures of volatility, and other treatments of the data, four of the six data series …

Persistent link: https://www.econbiz.de/10012887281

Wage rigidity and job creation

Häfke, Christian (contributor); Sonntag, Marcus (contributor) - 2008

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

Persistent link: https://www.econbiz.de/10003759253

Modelling heterogeneity and dynamics in the volatility of individual wages

Hospido, Laura - 2010

This paper presents a model for the heterogeneity and dynamics of the conditional mean and the conditional variance of standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is proposed. The expression for a modified likelihood...

Persistent link: https://www.econbiz.de/10003936729

The vanishing procyclicality of labor productivity

Galí, Jordi; Rens, Thijs van - 2010

vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real … observed decline in output volatility. -- labor hoarding ; labor market frictions ; wage rigidities ; effort choice …

Persistent link: https://www.econbiz.de/10008779865

House price volatility and the housing ladder

Banks, James; Blundell, Richard W.; Oldfield, Zoe͏̈; … - 2010

This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...