Showing 1 - 10 of 101
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010425498
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in the long-run. It finds that when the labor market is affected by downward nominal wage rigidity, this relationship goes beyond the tradeoff between the first moments of...
Persistent link: https://www.econbiz.de/10012429726
This paper analyzes the effects of recent Venezuelan immigration to Colombia on the fiscal balance, the labor market, and economic growth. For this purpose, we built a dynamic general equilibrium model with a search and matching structure in the labor market. The higher fiscal spending to...
Persistent link: https://www.econbiz.de/10012587040
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
Persistent link: https://www.econbiz.de/10003745095
On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education level in a standard Mincer equation. Our results show...
Persistent link: https://www.econbiz.de/10003328091
Persistent link: https://www.econbiz.de/10003283507
Persistent link: https://www.econbiz.de/10003314698
The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks’ and on the borrowers’ balance sheets. Subsequently we estimate aggregate credit supply and demand...
Persistent link: https://www.econbiz.de/10003342766
estimates the long-run differential employment effects of three different types of training programs in West Germany. We use …
Persistent link: https://www.econbiz.de/10003338016
In this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical … framework of a vector autoregression (VAR) approach for Germany. For this purpose, we use three different specifications in … restricted sample period for post-unification Germany, we oppose claims that the oil to macroeconomy relationship has weakened …
Persistent link: https://www.econbiz.de/10003806166