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A Mechanism of Cyclical Volatility in the Vacancy-Unemployment Ratio: What Is the Source of Rigidity?
Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2011
in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10009228915
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Explaining the Joint Behavior of Employment, Unemployment and Nonparticipation
Moon, Weh-Sol - Volkswirtschaftliche Fakultät, … - 2008
This paper argues that existing matching models with unemployment as an active search and nonparticipation as an … inactive search predict counterfactual results: the unemployment rate is at most two times as volatile as the … employmentpopulation ratio; only 20 percent of the actual volatility of the unemployment rate is accounted for; and the labor market …
Persistent link: https://www.econbiz.de/10005790049
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Labour Policies In The DMP Model—A Theoretical Analysis
Bandopadhyay, Titas Kumar - Volkswirtschaftliche Fakultät, … - 2014
-destruction rate is exogenous and endogenous. Our theoretical results show that the labour market tightness and the unemployment rate …
Persistent link: https://www.econbiz.de/10011108114
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Professor Becker on Free Banking: A Comment
van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2007
Professor Becker´s 1956 paper about free banking was originally intended as a reaction to the 100-percent reserve proposals that were then popular at the University of Chicago. Today the original paper clearly illustrates how considerably our views and theories about free banking have evolved...
Persistent link: https://www.econbiz.de/10011267859
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Measuring fiscal stance for the United Kingdom, 1920-1990
van der Eng, Pierre - Volkswirtschaftliche Fakultät, … - 1992
The purpose of this paper is twofold. First, it presents a very concise way of measuring fiscal stance. This procedure is based on the assumption that the ‘neutral change’ in the government budget can best be simulated with a long-term approximation of the underlying trend of total output....
Persistent link: https://www.econbiz.de/10011258592
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Fluctuaciones sectoriales y su impacto en el crecimiento económico
Valdivia, Daney - Volkswirtschaftliche Fakultät, … - 2012
This paper analyses the dynamics and significance of supply sectors in planning the economic policy, in particular the impact (manufacturing, agriculture and services) on economic growth through 1970 – 2011 and three cohorts. In these sense, it uses the following tools: co-movements and multi...
Persistent link: https://www.econbiz.de/10011258766
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Le Cycle des affaires dans les pays MENA Une Application du Filtre Hodrick-Prescott
Bouoiyour, Jamal; Ibourk, Aomar - Volkswirtschaftliche Fakultät, … - 2005
The purpose of this paper is to analyze monetary integration through the correlation of business cycles across countries. In this context, different estimation methods have been used in real GDP data (Dollars in base 1995) for 8 Southern Mediterranean countries of the (SMC) and covering the...
Persistent link: https://www.econbiz.de/10011260047
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News and financial intermediation in aggregate and sectoral fluctuations
Görtz, Christoph; Tsoukalas, John - Volkswirtschaftliche Fakultät, … - 2011
We estimate a two-sector DSGE model with financial intermediaries—a-la Gertler and Karadi 2011) and Gertler and Kiyotaki (2010)—and quantify the importance of financial shocks in accounting for aggregate and sectoral fluctuations. Our results indicate a significant role of financial market...
Persistent link: https://www.econbiz.de/10011260055
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Banks’ Capital Buffer, Risk and Performance in the Canadian Banking System: Impact of Business Cycles and Regulatory Changes
Guidara, Alaa; Lai, Van Son; Soumaré, Issouf; Tchana … - Volkswirtschaftliche Fakultät, … - 2013
Using quarterly financial statements and stock market data from 1982 to 2010 for the six largest Canadian chartered banks, this paper documents positive co-movement between Canadian banks’ capital buffer and business cycles. The adoption of Basel Accords and the balance sheet leverage cap...
Persistent link: https://www.econbiz.de/10011260132
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News and financial intermediation in aggregate and sectoral fluctuations
Görtz, Christoph; Tsoukalas, John - Volkswirtschaftliche Fakultät, … - 2011
We estimate a two-sector DSGEmodel with financial intermediaries—a-la Gertler and Karadi (2011) and Gertler and Kiyotaki (2010)—and quantify the importance of news shocks in accounting for aggregate and sectoral fluctuations. Our results indicate a significant role of financial market news...
Persistent link: https://www.econbiz.de/10011260551