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Can Policies Affect Employment Intensity of Growth? A Cross-Country Analysis
Crivelli, Ernesto - 2012
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …
Persistent link: https://www.econbiz.de/10013098588
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Job Protection Deregulation in Good and Bad Times
Duval, Romain - 2018
This paper explores the short-term employment effect of deregulating job protection forregular workers and how it … of sectoral employment to largejob protection deregulation shocks depend crucially on the state of the economy at the …
Persistent link: https://www.econbiz.de/10012929932
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Labor Force Participation and Monetary Policy in the Wake of the Great Recession
Erceg, Christopher J. - 2014
In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during“normal...
Persistent link: https://www.econbiz.de/10013061162
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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
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Bank Capital and Uncertainty
Valencia, Fabián - 2010
An important role for bank capital is that of a buffer against unexpected losses. As uncertainty about these losses increases, the theory predicts an increase in the optimal level of bank capital. This paper investigates this implication empirically with U.S. Commercial Banks data and finds...
Persistent link: https://www.econbiz.de/10013138298
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Workers' Remittances : An Overlooked Channel of International Business Cycle Transmission?
Barajas, Adolfo - 2012
This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and...
Persistent link: https://www.econbiz.de/10013098276
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The Pre-Crisis Capital Flow Surge to Emerging Europe : Did Countercyclical Fiscal Policy Make a Difference?
Atoyan, Ruben - 2012
A push-pull-brake model of capital flows is used to study the effects of fiscal policy changes on private capital flows to emerging Europe during 2000-07. In the model, countercyclical fiscal policy has two opposing effects on capital inflows: (i) a conventional absorption-reducing effect, as a...
Persistent link: https://www.econbiz.de/10013098584
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Dissecting Saving Dynamics : Measuring Wealth, Precautionary, and Credit Effects
Carroll, Christopher D. - 2012
We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s-2007), and recent substantial increase (2008-2011) can all be interpreted using a parsimonious ‘buffer stock' model of optimal consumption in the presence of...
Persistent link: https://www.econbiz.de/10013098587
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Household Production, Services and Monetary Policy
Lonkeng Ngouana, Constant - 2012
A distinctive feature of market-provided services is that some of them have close substitutes at home. Households may therefore switch between consuming home and market services in response to changes in the real wage - the opportunity cost of working at home - and changes in the price of market...
Persistent link: https://www.econbiz.de/10013098601
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Inflation Dynamics in Mongolia : Understanding the Roller Coaster
Barnett, Steven A. - 2012
Inflation in Mongolia resembles a roller coaster ride with sharp rises and steep drops. Understanding why is critical for formulating and assessing monetary policy. Food prices are found to be a key driver of inflation, and, not surprising given Mongolia's geography, are determined primarily by...
Persistent link: https://www.econbiz.de/10013098617