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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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Okun's Law : Fit at 50?
Ball, Laurence - 2013
of national labormarkets, but it is not related to differences in employment protection legislation …
Persistent link: https://www.econbiz.de/10013085991
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Labor Market Dynamics : A Hidden Markov Approach
Shibata, Ippei - 2020
. I apply the HMM to (1) calculate the long-run consequences of separation from stable employment, (2) study evolutions of … employment stability across different demographic groups over the past several decades, (3) compare the dynamics of labor market …
Persistent link: https://www.econbiz.de/10012843312
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Are Labor Market Indicators Telling the Truth? Role of Measurement Error in the U.S. Current Population Survey
Shibata, Ippei - 2019
Labor market indicators are critical for policymakers, but measurement error in labor force survey data is known to be substantial. In this paper, I quantify the implications of classification errors in the U.S. Current Population Survey (CPS), in which respondents misreport their true labor...
Persistent link: https://www.econbiz.de/10012889152
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Measuring Global and Country-Specific Uncertainty
Ozturk, Ezgi O. - 2017
Motivated by the literature on the capital asset pricing model, we decompose the uncertaintyof a typical forecaster into common and idiosyncratic uncertainty. Using individual surveydata from the Consensus Forecasts over the period of 1989-2014, we develop monthlymeasures of macroeconomic...
Persistent link: https://www.econbiz.de/10012942353
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Market Reforms at the Zero Lower Bound
Cacciatore, Matteo - 2017
This paper studies the impact of product and labor market reforms when the economy facesmajor slack and a binding constraint on monetary policy easing. such as the zero lowerbound. To this end, we build a two-country model with endogenous producer entry, labormarket frictions, and nominal...
Persistent link: https://www.econbiz.de/10012944956
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Output Gap in Presence of Financial Frictions and Monetary Policy Trade-Offs
Furlanetto, Francesco - 2014
The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial frictions are a relevant source of macroeconomic fluctuation. We derive a measure...
Persistent link: https://www.econbiz.de/10013049145
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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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Macroprudential Policy and Labor Market Dynamics in Emerging Economies
Finkelstein Shapiro, Alan - 2015
behavior of sectoral employment, formal credit, and the main macroeconomic aggregates in emerging economies. We show that a …
Persistent link: https://www.econbiz.de/10013023271