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protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of …
Persistent link: https://www.econbiz.de/10013168212
Using new quarterly narrative evidence, this paper examines the macroeconomic impact of reforms of unemployment …
Persistent link: https://www.econbiz.de/10012627869
ratio and the relatively generous unemployment benefit system. …
Persistent link: https://www.econbiz.de/10011636179
We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...
Persistent link: https://www.econbiz.de/10011792134
flows. Similarly, countries with higher unemployment benefits and more coordinated wage bargaining systems are characterised …
Persistent link: https://www.econbiz.de/10009636541
This empirical paper seeks to determine the relative contribution of the business cycle and structural factors to the development of part-time employment in the EU-15 countries over the 1980s and 1990s, exploiting a panel of EU countries. In the short-run, the business cycle is found to exert a...
Persistent link: https://www.econbiz.de/10003748965
some countries and sectors, our results point to a negative link between employment growth, the unemployment benefit …
Persistent link: https://www.econbiz.de/10003782659
This paper assesses the relative importance of perceived obstacles to hiring workers on a permanent basis faced by EU firms and studies how they depend on firm's characteristics. Findings suggest that the main obstacles to hiring in Europe are high uncertainty, shortage of skilled labour, high...
Persistent link: https://www.econbiz.de/10011856489
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …
Persistent link: https://www.econbiz.de/10009635980
surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian … policy ; model uncertainty ; Bayesian model averaging ; unemployment gap ; Taylor rule …
Persistent link: https://www.econbiz.de/10003963762