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The consequences of labour market flexibility: Panel evidence based on survey data

DiTella, Rafael; MacCulloch, Robert - 1999

flexibility of the labor market increases both the employment rate and the rate of participation in the labor force. A … conservative estimate suggests that if France were to make its labor markets as flexible as those in the US, its employment rate … would increase 1.6 percentage points, or 14% of the employment gap between the two countries. The estimated effects are …

Persistent link: https://www.econbiz.de/10010301184

Designing voluntary environmental agreements in Europe: Some lessons from the U.S. EPA's 33/50 program

Maxwell, John W. - 1998

Persistent link: https://www.econbiz.de/10010301208

FCIs and economic activity: Some international evidence

Goodhart, Charles A. E.; Hofmann, Boris - 2003

A Monetary Conditions Index (MCI), a weighted average of the short-term real interest rate and the real exchange rate, is a commonly used indicator of aggregate demand conditions. In-sample evidence for the US, the euro area, Japan and the UK suggests that a Financial Conditions Index (FCI),...

Persistent link: https://www.econbiz.de/10010301215

Preferences over inflation and unemployment: Evidence from surveys of happiness

DiTella, Rafael; MacCulloch, Robert; Oswald, Andrew J. - 2001

Persistent link: https://www.econbiz.de/10010301236

The macroeconomics of happiness

DiTella, Rafael; MacCulloch, Robert; Oswald, Andrew J. - 1999

A large literature in macroeconomics assumes a social objective function, W(p, U), where inflation, p, and unemployment, U, are bads. This paper provides some of the first formal evidence for such an approach. It uses data on the reported well-being levels of approximately one quarter of a...

Persistent link: https://www.econbiz.de/10010301286