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Monetary policy and Swedish unemployment fluctuations
Alexius, Annika; Holmlund, Bertil - 2008
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10010317906
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Monetary Policy and Swedish Unemployment Fluctuations
Alexius, Annika; Holmlund, Bertil - 2007
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10010321638
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Macroeconomic expectations of households amd professional forecasters
Carroll, Christopher D. - 2002
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
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The epidemiology of macroeconomic expectations
Carroll, Christopher D. - 2001
explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark …
Persistent link: https://www.econbiz.de/10010293481
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Managing global financial flows at the cost of national autonomy: China and India
Sen, Sunanda - 2012
Persistent link: https://www.econbiz.de/10010318671
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On Compulsory Voting and Income Inequality in a Cross-Section of Countries
Chong, Alberto; Olivera, Mauricio - 2005
This paper explores the link between compulsory voting and income distribution using a cross-section of countries around the world. Our empirical cross-country analysis for 91 countries during the period 1960-2000 shows that compulsory voting, when enforced strictly, improves income...
Persistent link: https://www.econbiz.de/10010327051
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Does Foreign Aid Help Reduce Income Inequality?
Calderón, Ma. Cecilia; Chong, Alberto - 2006
The aim of this paper is to provide empirical evidence on the link between foreign aid and income inequality for the period 1973-2002. Since simple cross-country regressions cannot be taken as `true` time series findings, we also focus on dynamic panel data techniques, which allow accounting for...
Persistent link: https://www.econbiz.de/10010327090
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Global earnings inequality, 1970-2015
Hammar, Olle; Waldenström, Daniel - 2017
We estimate trends in global earnings dispersion across occupational groups using a new database covering 66 developed and developing countries between 1970 and 2015. Our main finding is that global earnings inequality has declined, primarily during the 2000s, when the global Gini coefficient...
Persistent link: https://www.econbiz.de/10012013539
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Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data
Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - 2006
In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence has not occurred at the...
Persistent link: https://www.econbiz.de/10013204753
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Do unemployment benefits increase unemployment? New evidence on an old question
Fredriksson, Peter; Söderström, Martin - 2008
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