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The modern hyperinflation cycle : some new empirical regularities

Saboin-García, José Luis - 2018

Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles...

Persistent link: https://www.econbiz.de/10011978555

Okun's Law, development, and demographics : differences in the cyclical sensitivities of unemployment across economy and worker groups

An, Zidong; Bluedorn, John Christopher; Ciminelli, Gabriele - 2021

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 than twice as sensitive to aggregate demand in advanced as in emerging market and …

Persistent link: https://www.econbiz.de/10012796190

Hysteresis in unemployment and jobless recoveries

Plotnikov, Dmitry - 2014

Persistent link: https://www.econbiz.de/10010388661

Do forecasters believe in Okun’s Law? : an assessment of unemployment and output forecasts

Ball, Laurence M.; Jalles, João Tovar; Loungani, Prakash - 2014

Persistent link: https://www.econbiz.de/10010389581

The health consequences of economic recessions

Jones, Loring - In: Journal of health & social policy 3 (1991) 2, pp. 1-14

Persistent link: https://www.econbiz.de/10001119597

Labor force participation and monetary policy in the wake of the Great Recession

Erceg, Christopher J.; Levin, Andrew T. - 2013

In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during “normal...

Persistent link: https://www.econbiz.de/10012667415

Inflation and Activity – Two Explorations and their Monetary Policy Implications

Blanchard, Olivier - 2015

unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

Persistent link: https://www.econbiz.de/10012418077

Labor market dynamics : a hidden Markov approach

Shibata, Ippei - 2019

This paper proposes a hidden state Markov model (HMM) that incorporates workers' unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which typically assumes that a worker's observed labor force status follows a first-order Markov process,...

Persistent link: https://www.econbiz.de/10012155058

What prevents a real business cycle model from matching the U.S. data? : decomposing the labor wedge

Plotnikov, Dmitry - 2017

medium-term business cycle fluctuations in GDP, its components and the unemployment rate. Additionally, it facilitates …

Persistent link: https://www.econbiz.de/10011742886

To Fire or to Hoard? : Explaining Japan’s Labor Market Response in the Great Recession

Steinberg, Chad - 2011

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by …

Persistent link: https://www.econbiz.de/10014403441