Showing 1 - 10 of 2,213
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10010265568
these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth? describing the …
Persistent link: https://www.econbiz.de/10010276419
Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables.
Persistent link: https://www.econbiz.de/10010278020
for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …
Persistent link: https://www.econbiz.de/10010262567
möglicherweise zu erhöhter gleichgewichtiger Arbeitslosigkeit. Dieser Aufsatz analysiert die wachsende Evidenz zu nach unten starren …In the presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by …
Persistent link: https://www.econbiz.de/10010261537
Sickness absence tends to be negatively correlated with unemployment. This may suggest disciplining effects of … unemployment but may also reflect changes in the composition of the labour force. A panel of Norwegian register data for the years … probability of absence and the number of days on sick leave conditional on absence. The county unemployment rate is found to …
Persistent link: https://www.econbiz.de/10010276030
Based on administrative registers from Norway, we examine how unemployment insurance (UI) and active labor market … programs (ALMP) affect the transition rates from unemployment to regular employment and entrepreneurship. We find that the …
Persistent link: https://www.econbiz.de/10010291324
Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the … consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover …
Persistent link: https://www.econbiz.de/10010262240
In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …
Persistent link: https://www.econbiz.de/10010261641
This paper compares models used to explain OECD unemployment. The models suggest that the ?natural rate of unemployment …
Persistent link: https://www.econbiz.de/10010261916