Showing 1 - 10 of 1,031
This study focuses on the employment effect of a hiring subsidy available to firms with less than 50 employees, granted … discontinuity design, estimates show on average 2 percentage points higher employment growth for firms that became eligible for the … scheme. However, tests and complementary regressions suggest that the higher employment growth for smaller firms in 2013 is …
Persistent link: https://www.econbiz.de/10012965549
1995 and 2018 covering 60 events. We provide legal adoption and implementation dates of major reforms to employment … liberalising reforms on wages, while the employment effects of reforms differ markedly across age groups and partly depend on the …
Persistent link: https://www.econbiz.de/10013296525
The world has been struck by a mutating systemic financial crisis that is unprecedented in terms of financial losses and fiscal costs, geographic reach, and speed and synchronisation. The crisis from August 2007 to date can be divided into three main phases: the financial turmoil from August...
Persistent link: https://www.econbiz.de/10013101191
benefits (UB) and employment protection legislation (EPL) in the euro area from a Bayesian narrative panel VAR. The approach … activity and employment. In contrast to UB reforms, the effects of EPL reforms on employment emerge only gradually …
Persistent link: https://www.econbiz.de/10013210534
We simulate a version of the EAGLE, a New Keynesian multi-country model of the world economy, to assess the macroeconomic effects of US tariffs imposed on one country member of the euro area (EA), and the rest of the world (RW). The model is augmented with an endogenous effective lower bound...
Persistent link: https://www.econbiz.de/10012829369
employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … depends also on labor market fundamentals such as bargaining power and the flows in and out of employment …
Persistent link: https://www.econbiz.de/10012783591
We compare real-time density forecasts for the euro area using three DSGE models. The benchmark is the Smets-Wouters model and its forecasts of real GDP growth and inflation are compared with those from two extensions. The first adds financial frictions and expands the observables to include a...
Persistent link: https://www.econbiz.de/10012921899
and their interaction is crucial for the dynamics of inflation and unemployment. We estimate a panel VAR with …
Persistent link: https://www.econbiz.de/10013144855
and employment all rise and then crash) in response to such a news shock, in a standard real business cycle model. However …
Persistent link: https://www.econbiz.de/10013316465
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...
Persistent link: https://www.econbiz.de/10013127922