Narrow search
Showing 1 - 10 of 424
Cover Image
Expected inflation, sunspots equilibria and persistent unemployment fluctuations
Dufourt, Frédéric; Lloyd-Braga, Teresa; Modesto, Leonor - 2009
inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf … of consumption. All these features, hardly accounted for by standard sunspot-driven models, are explained here by the …
Persistent link: https://www.econbiz.de/10010271258
Cover Image
Macroeconomic dynamics in a model of goods, labor and credit market frictions
Petrosky-Nadeau, Nicolas; Wasmer, Etienne - 2011
Building a model with three imperfect markets - goods, labor and credit - representing a product's life-cycle, we find that goods market frictions drastically change the qualitative and quantitative dynamics of labor market variables. The calibrated model leads to a significant reduction in the...
Persistent link: https://www.econbiz.de/10010278356
Cover Image
A steady-state model of a non-walrasian economy with three imperfect markets
Wasmer, Etienne - 2011
Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by … stochastically in equilibrium. Financial market tightness is also a function of three parameters related to financial frictions. Job … creation and employment depend on the equilibrium in the other markets. Reciprocally, higher job destruction implies more …
Persistent link: https://www.econbiz.de/10010278660
Cover Image
A Steady-State Model of a Non-Walrasian Economy with Three Imperfect Markets
Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2011
Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by … stochastically in equilibrium. Financial market tightness is also a function of three parameters related to financial frictions. Job … creation and employment depend on the equilibrium in the other markets. Reciprocally, higher job destruction implies more …
Persistent link: https://www.econbiz.de/10009149149
Cover Image
Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions
Petrosky-Nadeau, Nicolas; Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2011
Building a model with three imperfect markets – goods, labor and credit – representing a product's life-cycle, we find that goods market frictions drastically change the qualitative and quantitative dynamics of labor market variables. The calibrated model leads to a significant reduction in...
Persistent link: https://www.econbiz.de/10009149160
Cover Image
Price Dynamics and Production Lags
Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999
This paper provides a new explanation of why inflation is sluggish in response to aggregate demand shocks and why aggregate output changes as result of such shocks. We argue that these phenomena are related to lags between inputs and outputs in the production process, "production lags" for...
Persistent link: https://www.econbiz.de/10005702997
Cover Image
Can Price Controls Be Optimal? The Economics of the Energy Shock in Germany
Krebs, Tom; Weber, Isabella - 2024
controls as an optimal policy response to an energy shock within a general equilibrium framework. We develop a simple … generate endogenous price uncertainty in the wake of an energy shock. We also link our analysis to the so-called sunspot …
Persistent link: https://www.econbiz.de/10015045428
Cover Image
Labor Search and Matching in Macroeconomics
Yashiv, Eran - Institute for the Study of Labor (IZA) - 2007
determined as equilibrium phenomena? What determines worker flows and transition rates from one labor market state to another … market in macroeconomics. Its success includes the modelling of labor market outcomes as equilibrium phenomena, the …
Persistent link: https://www.econbiz.de/10005822179
Cover Image
The Economic Impact of Non-communicable Disease in China and India: Estimates, Projections, and Comparisons
Bloom, David E.; Cafiero, Elizabeth T.; McGovern, Mark E.; … - 2013
This paper provides estimates of the economic impact of non-communicable diseases (NCDs) in China and India for the period 2012-2030. Our estimates are derived using WHO's EPIC model of economic growth, which focuses on the negative effects of NCDs on labor supply and capital accumulation. We...
Persistent link: https://www.econbiz.de/10010329114
Cover Image
Regionalism in West Africa : Do Polar Countries Reap the Benefits? : A Role for Migration
Konseiga, Adama - 2005
In the present globalization era an increasing attention is paid to the ambiguous relationship between international migration, brain drain, and economic growth, but few papers analyzed the growth impact of skilled migration. The paper filled the research gap by building the first dataset on...
Persistent link: https://www.econbiz.de/10010262227