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Employment, exchange rates and labour market rigidity
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010
There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...
Persistent link: https://www.econbiz.de/10010269855
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The Rise and Fall of Swiss Unemployment: Relative Demand Shocks, Wage Rigidities, and Temporary Immigrants
Puhani, Patrick A. - 2003
relative net demand shock against the low skilled (like the US) during this period. It turns out that only workers with an … educational level below apprenticeship were affected by such a shock. Furthermore, I test whether wages reacted flexibly to this … shock and find that they were rigid, which can explain the relative unemployment increase for this group. Finally, I test …
Persistent link: https://www.econbiz.de/10010262112
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Inflation Adjustment and Labour Market Structures : Evidence from a Multi-Country Study
Nunziata, Luca; Bowdler, Christopher - 2005
An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of movements in unemployment, import prices, tax rates...
Persistent link: https://www.econbiz.de/10010262222
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Labour Mobility - An Adjustment Mechanism in Euroland?
Puhani, Patrick A. - 1999
highest in Germany, followed by France, and Italy. However, even in Germany, the accommodation of a shock to unemployment by …
Persistent link: https://www.econbiz.de/10010262267
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Wage Rigidities in Western Germany?
Puhani, Patrick A. - 2001
This paper investigates whether and in what sense the west German wage structure has been ?rigid? in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
Persistent link: https://www.econbiz.de/10010262540
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Employment Adjustment in Portugal: Evidence from Aggregate and Firm Data
Addison, John T.; Teixeira, Paulino - 2001
This paper examines the pattern of employment adjustment in Portugal. First, the issue is addressed using a long time series of aggregate data. Although the employment data show persistence, there is nonetheless a fairly rapid rate of employment adjustment. Second, a much shorter time series of...
Persistent link: https://www.econbiz.de/10010262595
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The Response of Consumption in Russian Households to Economic Shocks
Stillman, Steven - 2001
household which experiences an exogenous shock of 10% of its total income changes both its food and total non …
Persistent link: https://www.econbiz.de/10010262612
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A Test of the ?Krugman Hypothesis? for the United States, Britain, and Western Germany
Puhani, Patrick A. - 2003
related to negative relative demand shocks against the unskilled in the industrialised world, combined with flexible wages in …
Persistent link: https://www.econbiz.de/10010262722
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Monetary policy and Swedish unemployment fluctuations
Alexius, Annika; Holmlund, Bertil - 2007
preferred model, almost 30 percent of the maximum effect of a shock still remains after ten years. …
Persistent link: https://www.econbiz.de/10010268210
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Income volatility and health
Halliday, Timothy J. - 2007
Income Dynamics using techniques from the literature on the estimation of dynamic panel data models. Contrary to much of the …
Persistent link: https://www.econbiz.de/10010268659