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Technology shocks, employment, and labor market frictions
Mandelman, Federico S.; Zanetti, Francesco - 2008
employment to a technology shock. The results of the estimation support the hypothesis that labor market frictions are …Recent empirical evidence suggests that a positive technology shock leads to a decline in labor inputs. However, the … responsible for the negative response of employment. …
Persistent link: https://www.econbiz.de/10010292305
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Financial predictors of real activity and the propagation of aggregate shocks
Burgstaller, Johann - 2006
Bond yield and retail interest rate spreads are presumed to lead real activity on the basis of financial accelerator mechanisms, markup cyclicality or simply because they are forward-looking. Empirical results for Austria show that retail rate spreads outperform many other indicators in this...
Persistent link: https://www.econbiz.de/10010294615
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The role early-life conditions in the cognitive decline due to adverse events later in life
van den Berg, Gerard J.; Deeg, Dorly J. H.; Lindeboom, … - 2010
Serious life events, such as the loss or the onset of a chronic condition may influence cognitive functioning. We examine whether the cognitive impact of such events is stronger if conditions very early in life were adverse, using Dutch lnogitudinal data of older persons. We exploit exogenous...
Persistent link: https://www.econbiz.de/10010273982
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Can structural small open economy models account for the influence of foreign disturbances?
Justiniano, Alejandro; Preston, Bruce - 2009
between Canada and U.S. are essentially zero. Both findings are at odds with the data. A specification that assumes correlated …
Persistent link: https://www.econbiz.de/10010292184
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Import protection, business cycles, and exchange rates: Evidence from the great recession
Bown, Chad P.; Crowley, Meredith A. - 2011
This paper uses highly detailed, quarterly data for five major industrialized economies to estimate the impact of macroeconomic fluctuations on import protection policies over 1988:Q1 - 2010:Q4. First, estimates on a pre-Great Recession sample of data provide evidence of two key relationships....
Persistent link: https://www.econbiz.de/10010292150
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International Labour Force Participation Rates by Gender: Unit Root or Structural Breaks?
Ozdemir, Zeynel Abidin; Balcilar, Mehmet; Tansel, Aysit - 2011
in the total, female and male labour force participation rates (LFPR) for Australia, Canada and the USA. We extend the …
Persistent link: https://www.econbiz.de/10010500194
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Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries
Ozdemir, Zeynel Abidin; Balcilar, Mehmet; Tansel, Aysit - 2012
rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural … previous research the LFPRs of Australia, Canada and the USA are stationary implying that the informational value of the …
Persistent link: https://www.econbiz.de/10010500218
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Land prices and unemployment
Liu, Zheng; Miao, Jianjun; Zha, Tao - 2013
business cycle. Second, a shock that moves the land price is capable of generating large volatility in unemployment. Our … estimation indicates that a 10 percent drop in the land price leads to a 0.34 percentage point increase in the unemployment rate …
Persistent link: https://www.econbiz.de/10010397671
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Unemployment in the European Union: institutions, prices, and growth
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2003
responses to each shock. Our analysis permits us to distinguish between the short- and long-run effects of the shocks. Different …
Persistent link: https://www.econbiz.de/10010281023
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Do world shocks drive domestic business cycles? Some evidence from structural estimation
Lubik, Thomas; Teo, Wing Leong - 2005
vastly different results. In this paper, we overcome this by estimating a DSGE model using a structural Bayesian estimation …
Persistent link: https://www.econbiz.de/10010293453