Showing 1 - 10 of 1,090
Using new quarterly narrative evidence, this paper examines the macroeconomic impact of reforms of unemployment … benefits (UB) and employment protection legislation (EPL) in the euro area from a Bayesian narrative panel VAR. The approach …
Persistent link: https://www.econbiz.de/10012627869
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
Persistent link: https://www.econbiz.de/10010195425
Persistent link: https://www.econbiz.de/10010482489
supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …
Persistent link: https://www.econbiz.de/10012241162
the probabilities of worker flows across employment and unemployment in euro area countries during the period 2000-2015 in …
Persistent link: https://www.econbiz.de/10012059053
lower levels of liquid wealth. This supports the notion that the persistence of the unemployment shock is an important …
Persistent link: https://www.econbiz.de/10014315230
protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of …
Persistent link: https://www.econbiz.de/10013168212
Persistent link: https://www.econbiz.de/10011349798
This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates … for 29 countries from the OECD. We find strong evidence of hysteresis: an innovation in u causes u* to change in the same …
Persistent link: https://www.econbiz.de/10012705521