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Equilibrium unemployment, job flows and inflation dynamics

Trigari, Antonella - 2004

general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …

Persistent link: https://www.econbiz.de/10009636527

Macro uncertainty, unemployment risk, and consumption dynamics

Oh, Joonseok; Rogantini Picco, Anna - 2024

time, labor markets are strongly responsive to macro uncertainty as the unemployment rate and the job separation rate rise … who, being subject to higher unemployment risk, contract consumption more in response to heightened uncertainty, and firms …

Persistent link: https://www.econbiz.de/10015163220

The macroeconomic impact of euro area labour market reforms : evidence from a narrative panel VAR

Rünstler, Gerhard - 2021

Using new quarterly narrative evidence, this paper examines the macroeconomic impact of reforms of unemployment …

Persistent link: https://www.econbiz.de/10012627869

Does employment protection legislation affect credit access? : evidence from Europe

Moro, Andrea; Maresch, Daniela; Ferrando, Annalisa; … - 2017

We investigate the impact of employment protection on firms' credit access by looking at both credit obtained from banks and firms' decision to apply for a loan. We find that greater flexibility in structuring the employees' working hours and in dismissing employees increases the probability...

Persistent link: https://www.econbiz.de/10011647887

A narrative database of labour market reforms in euro area economies

Aumond, Romain; Di Tommaso, Valerio; Rünstler, Gerhard - 2022

protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of …

Persistent link: https://www.econbiz.de/10013168212

Asset pricing and the propagation of macroeconomic shocks

Jaccard, Ivan - 2018

This paper considers the implications of habit formation and financial frictions for the propagation of macroeconomic shocks. In a model that is capable of matching asset pricing moments, a short-lived shock that destroys a small fraction of the economy's stock of pledgeable collateral generates...

Persistent link: https://www.econbiz.de/10011856397

Green and brown returns in a production economy

Jaccard, Ivan; Kockerols, Thore; Schüler, Yves - 2025

Does it pay to invest in green companies? In countries where a market for carbon is functioning, such as those within the European Union, our findings suggest that it should be beneficial. Using a sample of green and brown European firms, we initially demonstrate that green companies have...

Persistent link: https://www.econbiz.de/10015339635

Productivity and job flows : heterogeneity of new hires and continuing jobs in the business cycle

Kilponen, Juha; Vanhala, Juuso - 2009

"unemployment volatility puzzle". We let new matches and continuing jobs differ by their productivity levels and by their … well behaving Beveridge curve, despite endogenous job destruction, and more volatile vacancies and unemployment, without a …

Persistent link: https://www.econbiz.de/10003963735

The role of labor markets for euro area monetary policy

Christoffel, Kai; Küster, Keith; Linzert, Tobias - 2009

In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible labor market would alter the business cycle behaviour...

Persistent link: https://www.econbiz.de/10003832582

Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation

De Walque, Gregory; Pierrard, Olivier; Sneessens, Henri R. - 2009

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every … period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence … the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; Search and Matching ; Nominal …

Persistent link: https://www.econbiz.de/10003831761