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State Dependence in Labour Market Fluctuations

Pizzinelli, Carlo; Theodoridis, Konstantinos; Zanetti, … - 2021

(TVAR), we establish that the unemployment rate, the job separation rate, and the job finding rate exhibit a larger response … 88 percent of the state dependence in the unemployment rate, 76 percent for the separation rate and 36 percent for the …

Persistent link: https://www.econbiz.de/10013221352

State dependence in labor market fluctuations

Pizzinelli, Carlo; Theodoridis, Konstantinos; Zanetti, … - 2020

), we establish that the unemployment rate, the job separation rate, and the job finding rate exhibit a larger response to … of the state dependence in the unemployment rate, 76 percent for the separation rate and 36 percent for the job finding …

Persistent link: https://www.econbiz.de/10012179347

Wage Rigidities in an Estimated DSGE Model of the UK Labour Market

Faccini, Renato - 2011

We estimate a New Keynesian model with matching frictions and nominal wage rigidities on UK data. We are able to identify important structural parameters, recover the unobservable shocks that have affected the UK economy since 1971 and study the transmission mechanism. With matching frictions,...

Persistent link: https://www.econbiz.de/10013129895

Labour Market Institutions and Aggregate Fluctuations in a Search and Matching Model

Zanetti, Francesco - 2008

and nominal rigidities in the goods market. It finds that firing costs and unemployment benefits can have substantial …. Hence, firms adjust to shocks mainly through prices, and inflation then becomes more volatile. Raising unemployment benefits …

Persistent link: https://www.econbiz.de/10014221318

Technology shocks, employment, and labor market frictions

Mandelman, Federico S. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003732171

Technology shocks, employment and labour market frictions

Mandelman, Federico S.; Zanetti, Francesco - 2010

Recent empirical evidence suggests that a positive technology shock leads to a decline in labour inputs. However, the standard real business model fails to account for this empirical regularity. Can the presence of labour market frictions address this problem, without otherwise altering the...

Persistent link: https://www.econbiz.de/10003969377