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Labor Force Participation and Monetary Policy in the Wake of the Great Recession
Erceg, Christopher J. - 2014
in the wakeof a large and persistent aggregate demand shock. Finally, we show that these considerations canhave …
Persistent link: https://www.econbiz.de/10013061162
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Labor Market Issues in the Caribbean : Scope to Mobilize Employment Growth
Kandil, Magda - 2014
The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean … countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth … to major sources of labor market determinants, in the long and short run. The main determinants of employment include …
Persistent link: https://www.econbiz.de/10013049805
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The Distributional Impact of Recessions : The Global Financial Crisis and the Pandemic Recession
Shibata, Ippei - 2020
workers. Unlike during the Global Financial Crisis, however, employment in social industries fell more whereas employment in …
Persistent link: https://www.econbiz.de/10012828220
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Okun's Law, Development, and Demographics : Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups
An, Zidong; Bluedorn, John C.; Ciminelli, Gabriele - 2022
The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and economy groups. First, unemployment is more...
Persistent link: https://www.econbiz.de/10013306725
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Uncertainty, Financial Frictions and Nominal Rigidities : A Quantitative Investigation
Cesa-Bianchi, Ambrogio - 2017
shock to the variance of aggregate total factor productivity(macro uncertainty) and to the dispersion of entrepreneurs …
Persistent link: https://www.econbiz.de/10012944962
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News Shocks in Open Economies : Evidence from Giant Oil Discoveries
Arezki, Rabah - 2015
. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall …
Persistent link: https://www.econbiz.de/10013011202
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The Sources of Fiscal Fluctuations
Levy, Antoine; Ricci, Luca A.; Werner, Alejandro M. - 2021
This paper assesses the dynamic impact of global macroeconomic conditions, commodity price movements, shifts in portfolio preferences, and domestic shocks on fiscal outcomes-notably the budget deficit, its main components, and debt-across a wide range of countries. Heterogeneity is investigated...
Persistent link: https://www.econbiz.de/10013252184
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Unpleasant Surprises? Elections and Tax News Shocks
David, Antonio C.; Sever, Can - 2023
Unanticipated changes in tax policy are likely to have different macroeconomic effects compared to anticipated changes due to several mechanisms, including fiscal foresight and policy uncertainty. It is therefore important to understand what drives such policy surprises. We explore the nature of...
Persistent link: https://www.econbiz.de/10014353562
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The Cyclicality of Sales, Regular and Effective Prices : Business Cycle and Policy Implications
Coibion, Olivier - 2012
We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective" prices) in a dataset containing prices and quantities sold for numerous retailers across a variety of U.S. metropolitan areas. Both the frequency and size of sales fall when local...
Persistent link: https://www.econbiz.de/10013098600
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Gender and Employment in the COVID-19 Recession : Evidence on “She-Cessions”
Bluedorn, John C.; Caselli, Francesca; Hansen, Niels-Jakob - 2022
Early evidence on the pandemic’s effects pointed to women’s employment falling disproportionately, leading observers to … to two-thirds exhibiting larger declines in women’s than men’s employment rates. These gender differences in COVID-19’s … related to COVID-19’s impacts on gender shares in employment within sectors …
Persistent link: https://www.econbiz.de/10013302778