Showing 21 - 30 of 1,804
Persistent link: https://www.econbiz.de/10010254378
Persistent link: https://www.econbiz.de/10010372545
"We study the driving forces of fluctuations in an estimated New Neoclassical Synthesis model of the U.S. economy with several shocks and frictions. In this model, shocks to the marginal efficiency of investment account for the bulk of fluctuations in output and hours at business cycle...
Persistent link: https://www.econbiz.de/10003913456
Persistent link: https://www.econbiz.de/10001747303
Persistent link: https://www.econbiz.de/10009237625
Persistent link: https://www.econbiz.de/10003613481
Persistent link: https://www.econbiz.de/10012255874
Persistent link: https://www.econbiz.de/10000756188
Persistent link: https://www.econbiz.de/10011523947
In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we … construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by … search frictions. We find that, contrary to general perception, wage increases and sectoral unemployment decreases due to …
Persistent link: https://www.econbiz.de/10003484851