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volatility in more credit constrained firms. …
Persistent link: https://www.econbiz.de/10008528504
The recent empirical literature that uses Structural Vector Autoregressions (SVAR) has shown that productivity shocks identified using long--run restrictions lead to a persistent and significant decline in hours worked. This evidence calls into question standard RBC models in which a positive...
Persistent link: https://www.econbiz.de/10005056535
L'absence de persistance dans la réponse de l'activité à un choc d'offre de monnaie constitue une propriété contrefactuelle récurrente des modèles d'équilibre général intertemporels stochastiques. On est alors tenté de combiner des imperfection fiancières et des rigidités de prix...
Persistent link: https://www.econbiz.de/10005176578
cyclical volatility of unemployment and vacancies. The increased search of employed workers during expansions has two effects … on the unemployed: it induces firms to openmore vacancies, but employedworkers also crowd out unemployed workers in the … job search. The overall effect of OTJS on unemployment volatility is thus ambiguous. We showanalytically and numerically …
Persistent link: https://www.econbiz.de/10009324230
The economic situation of all the major developed countries has changed significantly during the 2007-2010 period. Yet many economic policies have been kept in place. This is true in particular of a key measure in French government policy: tax reductions on overtime hours and their exemption...
Persistent link: https://www.econbiz.de/10008740260
Until the current economic crisis, the recovery capacity of the American and French labour markets had often been compared. The United States had been considered more "resilient", namely more affected by cyclical shocks in the short term but more quickly coming back to their initial path in the...
Persistent link: https://www.econbiz.de/10009003505
This article aims at estimating leading indicators of the American economy with financial variables. We use two types of hidden Markov chains models, a quantitative one (Krolzig (1997)) and a qualitative one (Gregoir and Lenglart (2000)). These models provide a robust and reliable framework to...
Persistent link: https://www.econbiz.de/10005056509
This article aims to identify factors that influence the integration of graduates of higher education on the labor market in Benin. To this end, we adopted a methodology based on an analysis of empirical data collected from graduates from universities and higher education centers over the past...
Persistent link: https://www.econbiz.de/10015227357
The EU is one of the three largest economies in the world. But its economy, which is still suffering from the cCOVID-19 pandemic and the negative effects of the Russian war in Ukraine, faces a bleak outlook. Inflation, or even stagflation, is a major concern as it reflects cost pressures from...
Persistent link: https://www.econbiz.de/10015045682
Artificial Intelligence (AI) has been embraced enthusiastically by Africans as a new resource for African development. AI could improve well-being by enabling innovation in business, education, health, ecology, urban planning, industry, etc. However, the high expectations could be little more...
Persistent link: https://www.econbiz.de/10015045952