Showing 1 - 10 of 511
We examine the open macroeconomic policy choices of developing economies from the perspective of the economic 'trilemma' hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its patterns in recent decades. We find that the three dimensions of the...
Persistent link: https://www.econbiz.de/10010288150
Monetary policy in CEE is an important determinant in the wage bargaining process, because trade unions have to predict inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an inflation target are tempted to act...
Persistent link: https://www.econbiz.de/10010308235
We examine the relationship between unemployment benefits and unemployment using Swedish regional data. To estimate the … effect of an increase in unemployment insurance (UI) on unemployment we exploit the ceiling on UI benefits. The benefit … find fairly robust evidence suggesting that the actual generosity of UI does matter for regional unemployment. Increases in …
Persistent link: https://www.econbiz.de/10010273916
. Understanding the interaction between income support systems (such as unemployment benefits, social assistance, early retirement and …. The German labor market has been plagued by high and persistent unemployment in the last two decades in combination with a …
Persistent link: https://www.econbiz.de/10010273931
This study evaluates the long-term cost of unemployment in Finland by focusing on the deep recession period of the … early 1990s. The number of plant closures increased sharply during the recession and the unemployment rate rose by more than … 13 percentage points. In the analysis, prime working-age men who face unemployment due to plant closure are matched to …
Persistent link: https://www.econbiz.de/10010273951
force participation is high and the unemployment rate is low (also for young workers). Among the unemployed there are …
Persistent link: https://www.econbiz.de/10010273960
Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing … targeting affect unemployment, economic growth and the output gap. The results show that inflation targeting causes no harm to … employment in developing and emerging countries. On the contrary, it might reduce average unemployment and narrow the output gap …
Persistent link: https://www.econbiz.de/10010293308
Economists have long emphasized the importance of expectations in determining macroeconomic outcomes Yet there has been almost no recent effort to model actual empirical expectations data; instead macroeconomists usually simply assume expectations are rational This paper shows that while...
Persistent link: https://www.econbiz.de/10010293441
explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark …
Persistent link: https://www.econbiz.de/10010293481
The paper aims at comparing the formal and informal labour markets in the Central and Eastern European new EU Member States and candidate countries of the European Union. First, the current situation of the labour market is described, focusing on the recent developments since the breaking up of...
Persistent link: https://www.econbiz.de/10010294504