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1
Government Deficit Shocks and Okun's Coefficient Volatility : New Insights on the Austerity Versus
Growth
Debate
Pham, Binh Thai
-
2019
This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012864881
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2
Distributional Consequences of Labor Demand Adjustments to a Downturn : A Model-Based Approach with Application to Germany 2008-09
Bargain, Olivier
-
2010
Macro-level changes can have substantial effects on the distribution of resources at the household level. While it is possible to speculate about which groups are likely to be hardest-hit, detailed distributional studies are still largely backward-looking. This paper suggests a straightforward...
Persistent link: https://www.econbiz.de/10013137252
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3
High-School Dropouts and Transitory Labor Market Shocks : The Case of the Spanish Housing Boom
Aparicio Fenoll, Ainhoa
-
2010
This paper addresses the implications of transitory changes in labor market conditions for low versus high educated workers on the decision to acquire education. To identify this effect, I use the improvement in the labor market prospects of low educated workers motivated by the increases in...
Persistent link: https://www.econbiz.de/10013139032
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4
Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem
-
2011
financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit
shock
, defined … between loan and deposit rates. The effects of the credit
shock
tend to be highly persistent even without price rigidities and …
Persistent link: https://www.econbiz.de/10013119292
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5
The Labor Market Consequences of Adverse Financial Shocks
Boeri, Tito
-
2012
shock
. Third, we present evidence coherent with the idea that more leveraged sectors experience larger employment volatility … in normal times deep capital markets lead to tight labor markets. After an adverse liquidity
shock
, firms that rely much …
Persistent link: https://www.econbiz.de/10013099747
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6
Growing Up in a Recession : Beliefs and the Macroeconomy
Giuliano, Paola
-
2009
Do generations growing up during recessions have different socio-economic beliefs than generations growing up in good times? We study the relationship between recessions and beliefs by matching macroeconomic shocks during early adulthood with self-reported answers from the General Social Survey....
Persistent link: https://www.econbiz.de/10013157021
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7
The German Labor Market During the Great Recession : Shocks and Institutions
Gehrke, Britta
-
2018
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10012909849
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8
Worker Flows and Labour Market Adjustment During the Great Recession : Evidence from a Large
Shock
Lehmann, Hartmut
-
2016
This paper analyzes how the labor market adjusts to the Great Recession. To this aim, we use the data for Latvia, a country that has experienced one of the most severe recessions in Europe and a subsequent remarkable recovery. Employing longitudinal EU SILC data and a panel data set constructed...
Persistent link: https://www.econbiz.de/10013001888
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9
The Effect of Shocks to Labour Market Flows on Unemployment and Participation Rates
Dixon, Robert John
-
2014
that a
shock
to the net flow from unemployment to employment drive the unemployment rate and the participation rate in … opposite directions while a
shock
to the net flow from not in the labour force to unemployment drives the rates in the same …
Persistent link: https://www.econbiz.de/10013052699
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10
The Role of Early-Life Conditions in the Cognitive Decline Due to Adverse Events Later in Life
van den Berg, Gerard J.
-
2010
Cognitive functioning of elderly individuals may be affected by events such as the loss of a (grand)child or partner or the onset of a serious chronic condition, and by negative economic shocks such as job loss or the reduction of pension benefits. It is conceivable that the impact of such...
Persistent link: https://www.econbiz.de/10013147372
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