Narrow search
Showing 1 - 10 of 1,535
Cover Image
Phillips Curves and Unemployment Dynamics : A Critique and a Holistic Perspective
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2021
reaction theory (CRT), should be used to jointly explain the evolution of inflation and unemployment. A further attraction of …
Persistent link: https://www.econbiz.de/10013317465
Cover Image
Aggregate Earnings and Macroeconomic Shocks : The Role of Labour Market Policies and Institutions
Bassanini, Andrea - 2012
I examine the effect of labour market policies and institutions on the transmission of macroeconomic shocks to the labour market, using both aggregate and industry-level annual data for 23 OECD countries, 23 business-sector industries and up to 29 years. I find that high and progressive labour...
Persistent link: https://www.econbiz.de/10013099104
Cover Image
The Macroeconomics of Automation : Data, Theory, and Policy Analysis
Jaimovich, Nir - 2020
The U.S. economy has experienced a significant drop in the fraction of the population employed in middle wage, "routine task-intensive" occupations. Applying machine learning techniques, we identify characteristics of those who used to be employed in such occupations and show they are now less...
Persistent link: https://www.econbiz.de/10012843158
Cover Image
Families in Macroeconomics
Doepke, Matthias - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10012996540
Cover Image
Interest Rate Hysteresis in Macroeconomic Investment Under Uncertainty
Belke, Ansgar Hubertus - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012863765
Cover Image
Beyond the DSGE Straitjacket
Pesaran, M. Hashem - 2011
Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations. We argue that the dominance of this particular sort...
Persistent link: https://www.econbiz.de/10013126144
Cover Image
From Shame to Game in One Hundred Years : An Economic Model of the Rise in Premarital Sex and its De-Stigmatization
Fernández-Villaverde, Jesús - 2010
Societies socialize children about many things, including sex. Socialization is costly. It uses scarce resources, such as time and effort. Parents weigh the marginal gains from socialization against its costs. Those at the lower end of the socioeconomic scale indoctrinate their daughters less...
Persistent link: https://www.econbiz.de/10013148290
Cover Image
An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi - 2012
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …
Persistent link: https://www.econbiz.de/10013107701
Cover Image
Evaluating Welfare and Economic Effects of Raised Fertility
Makarski, Krzysztof - 2019
Many countries consider rising fertility through pro-family policies as a solution to the fiscal pressure stemming from longevity. However, an increased number of births implies immediate private costs and only delayed public benefits of younger and larger population. We propose using an...
Persistent link: https://www.econbiz.de/10012870210
Cover Image
Inequality in an OLG Economy with Heterogeneous Cohorts and Pension Systems
Tyrowicz, Joanna - 2018
We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline in TFP growth. We show four main results. First,...
Persistent link: https://www.econbiz.de/10012915325