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Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

This paper investigates the potential reasons for the surprisingly different labor market performance of the United States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates did not change substantially in Germany, increased and...

Persistent link: https://www.econbiz.de/10012457972

Macroeconomic Adjustment and the History of Crises in Open Economies

Aizenman, Joshua - 2012

In contrast, we find that past crisis experience has a significant impact on savings. When facing considerable political risk, the past does seem to matter - countries with more people who were exposed, over their lifetime, to larger disasters will tend to save more. This association, however,...

Persistent link: https://www.econbiz.de/10012460133

Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run

Jones, Charles I. - 1999

This paper studies a growth model that is able to match several key facts of economic history. For thousands of years, the average standard of living seems to have risen very little, despite increases in the level of technology and large increases in the level of the population. Then, after...

Persistent link: https://www.econbiz.de/10012471409

The Impact of Young Workers on the Aggregate Labor Market

Shimer, Robert - 1999

This paper estimates the response of the unemployment rate and labor force participation rate to exogenous variation in the youth share of the working age population, using cross-state variation in lagged birth rates as an instrumental variable. A one percent increase in the youth share reduces...

Persistent link: https://www.econbiz.de/10012471478

Demographic Transitions and Economic Miracles in Emerging Asia

Bloom, David E. - 1997

The demographic transition a change from high to low rates of mortality and fertility has been more dramatic in East Asia during this century than in any other region or historical period. By introducing demographic variables into an empirical model of economic growth, this essay shows that this...

Persistent link: https://www.econbiz.de/10012472544

A Tale of Two Crises : Chile and Mexico

Edwards, Sebastian - 1996

observers were shocked by this turn of events. Mexico had a remarkable historical precedent: merely a dozen years earlier Chile … suffered a prophetically similar crisis. Like Mexico during the 1980s, Chile during the 1970s undertook major structural … aimed at creating a modern financial sector. In Chile, as in Mexico more than a decade later, the use of a predetermined …

Persistent link: https://www.econbiz.de/10012473039

Public Sector Deficits and Macroeconomic Stability in Developing Countries

Edwards, Sebastian - 1996

detail how some countries -- most notably Argentina, Chile and Mexico -- were successfully able to eliminate their fiscal …

Persistent link: https://www.econbiz.de/10012473457

Coordinated Noise Trading : Evidence from Pension Fund Reallocations

Da, Zhi - 2016

We document a novel channel through which coordinated noise trading exerts externalities on financial markets dominated by institutional investors. We exploit a unique set of events where Chilean pension fund investors followed an influential financial advisory firm that recommended frequent...

Persistent link: https://www.econbiz.de/10012456514

Exporting and Plant-Level Efficiency Gains : It's in the Measure

Marin, Alvaro Garcia - 2013

While there is strong evidence for productivity-driven selection into exporting, the empirical literature has struggled to identify export-related efficiency gains within plants. Previous research typically derived revenue productivity (TFPR), which is downward biased if more efficient producers...

Persistent link: https://www.econbiz.de/10012459629

The Relationship Between Exchange Rates and Inflation Targeting Revisited

Edwards, Sebastian - 2006

This paper deals with the relationship between inflation targeting and exchange rates. I address three specific issues: first, I analyze the effectiveness of nominal exchange rates as shock absorbers in countries with inflation targeting. This issue is closely related to the magnitude of the...

Persistent link: https://www.econbiz.de/10012466531