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Bismarck versus Beveridge: Which Unemployment Compensation System is More Prone to Labor Market Shocks?
Beissinger, Thomas; Buesse, Oliver - 2001
market shock is provoked in the home country or originates from abroad. We also point out how our results extend to two …
Persistent link: https://www.econbiz.de/10010262567
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Asymmetric labor market institutions in the EMU and the volatility of inflation and unemployment differentials
Abbritti, Mirko; Mueller, Andreas I. - 2012
volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …
Persistent link: https://www.econbiz.de/10010282566
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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 Impact of Labor Market Reforms on Capital Flows, Wages and Unemployment
Beissinger, Thomas - 2001
The paper contributes to the globalization debate by scrutinizing the international spillover effects which are provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For this purpose a two-country model with imperfect...
Persistent link: https://www.econbiz.de/10010262594
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Oil Price Shocks, Monetary Policy and Current Account Imbalances within a Currency Union
Baas, Timo; Belke, Ansgar H. - 2017
trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …
Persistent link: https://www.econbiz.de/10011816524
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The Impact of the Unemployment Benefit System on International Spillover Effects
Beissinger, Thomas; Büsse, Oliver - 2003
labor demand and the wage bargaining process. The analysis of the interaction of shock spillovers and benefit system focuses …
Persistent link: https://www.econbiz.de/10010262240
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Informality and macroeconomic fluctuations
Fiess, Norbert M.; Fugazza, Marco; Maloney, William F. - 2008
test for cointegrating relationships corresponding to the patterns predicted by theory. We confirm episodes of expansion of …
Persistent link: https://www.econbiz.de/10010268792
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Firm dynamics and real exchange rate fluctuations: does trade openness matter? ; evidence from Mexico's manufacturing sector
Fuentes, Miguel; Ibarrarán, Pablo - 2009
In this paper we study the effect of NAFTA on the responsiveness of Mexican economy to real exchange rate shocks. We argue that, by opening the U.S. and Canadian markets to Mexican goods, NAFTA made it easier for domestic producers to take advantage of the opportunities brought by the...
Persistent link: https://www.econbiz.de/10010271315
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How do trade and financial integration affect the relationship between growth and volatility?
Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2006
as conventional wisdom that output volatility and growth are negatively correlated. We reexamine this relationship in the … negative association between growth and volatility has been preserved during the 1990s, both trade and financial integration … volatility and trade integration is significantly positive. We find a similar, although less significant, result for the …
Persistent link: https://www.econbiz.de/10010268058
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Deriving the New Quantity Equation: An Approach for a Closed and an Open Economy
Welfens, Paul J. J. - 2014
This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" and...
Persistent link: https://www.econbiz.de/10010398364