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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

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

Recent U.S. Labor Force Dynamics : Reversible or Not?

Balakrishnan, Ravi - 2015

decline given population aging. This paper's measure of the “employment gap” also suggests that labor market slack remains and … employment. In addition, given the continued downward pressure on the LFPR, labor supply measures will be an essential component …

Persistent link: https://www.econbiz.de/10013023273

Financial Shocks and TFP Growth

Estevão, Marcello M. - 2011

We investigate how changes in industries’ funding costs affect total factor productivity (TFP) growth. Panel regressions with 31 U.S. and Canadian industries between 1991 and 2007, using industries’ dependence on external funding as an identification mechanism, show that higher funding costs...

Persistent link: https://www.econbiz.de/10014183896

The Fiscal Stance in Japan : A Model-Based Analysis

Fournier, Jean-Marc; Hisanaga, Takuma; Nguyen, Anh D.M - 2022

This paper assesses Japan’s fiscal stance in the past and the future with a stochastic structural model called the Buffer-Stock Model of the Government. Our retrospective analysis suggests that the fiscal stance in the 1990s and the early 2000s was overall looser than the model...

Persistent link: https://www.econbiz.de/10014077412

Exchange-Rate Swings and Foreign Currency Intervention

Filardo, Andrew J.; Gelos, Gaston; McGregor, Thomas - 2022

This paper develops a new approach for exploring the effectiveness of foreign currency intervention, focusing on real exchange cycles. Using band spectrum regression methods, it examines the role of macroeconomic fundamentals in determining the equilibrium real exchange rate at short-, medium-,...

Persistent link: https://www.econbiz.de/10014079011

Fiscal Multipliers During Pandemics

Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022

Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...

Persistent link: https://www.econbiz.de/10014079424

Fiscal Multipliers during Pandemics

Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022

Persistent link: https://www.econbiz.de/10014079978

Quarterly Projection Model for Vietnam : A Hybrid Approach for Monetary Policy Implementation

Epstein, Natan P.; Górnicka, Lucyna; Ha, Nga; Musil, Karel - 2022

We present a newly developed Quarterly Projection Model (QPM) for Vietnam. This QPM represents an extended version of the canonical New Keynesian semi-structural model, accounting for Vietnam-specific factors, including a hybrid monetary policy framework. The model incorporates the array of...

Persistent link: https://www.econbiz.de/10014081236

A New Claims-Based Unemployment Dataset : Application to Postwar Recoveries Across U.S. States

Fieldhouse, Andrew; Howard, Sean; Koch, Christoffer; … - 2022

Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U.S. states going back to January 1947. The constructed series are highly correlated with the Bureau of Labor Statics' state-level unemployment data, which are only available from...

Persistent link: https://www.econbiz.de/10014081630