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inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …
Persistent link: https://www.econbiz.de/10013236402
countries and non-Inflation Targeting countries, Section 5 uses panel estimation methods including GMM techniques on different …This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … authors have used different estimation methods on different samples of data. Some of the differences in results may also be …
Persistent link: https://www.econbiz.de/10012833231
impact on aggregate unemployment, native- and foreign-born unemployment rates). We also find that migration is influenced by … host economic conditions (migration responds positively to host GDP per capita and negatively to host total unemployment …
Persistent link: https://www.econbiz.de/10013098455
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of …
Persistent link: https://www.econbiz.de/10013321303
with less perverse effect on unemployment. Time inconsistency is more likely due to lack of credibility than to the short …
Persistent link: https://www.econbiz.de/10013317603
serious pitfalls. Three canonical variates used in the literature – the minimum unemployment rate during a worker's time at … the firm (min u), the unemployment rate at the start of her tenure (Su) and the current unemployment rate interacted with … because a differential wage response to unemployment of new hires and incumbents will appear under both equal treatment and …
Persistent link: https://www.econbiz.de/10013129919
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However … sanctions on the unemployment duration and the quality of job matches, in conjunction with the possibility to report sick. We … attractiveness of vacancy referrals increases over the time spent in unemployment. Overall, around 9% of sickness absence during …
Persistent link: https://www.econbiz.de/10013001341
We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected … inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf … bifurcations, country-specific expected inflation shocks can replicate the strong persistence and heterogeneity observed in …
Persistent link: https://www.econbiz.de/10013157753
unemployment from the time they left school up to age 30. We show that this experience is negatively correlated with the life … satisfaction that the individual reports at age 30, so that past unemployment scars. We also identify the childhood circumstances … and family background that predict this adult unemployment experience.Educational achievement and good behaviour at age 16 …
Persistent link: https://www.econbiz.de/10012867160
unemployment insurance on unemployment duration in Brazil, where we find strong evidence of manipulation at eligibility cutoffs …
Persistent link: https://www.econbiz.de/10013001869