Showing 1 - 10 of 315
We use detailed information on labor earnings and employment from social security records to document the evolution of … recession. This evolution was partly driven by the cyclicality of employment and earnings in the lower-middle part of the …
Persistent link: https://www.econbiz.de/10010556472
The late 2000s recession has hit youth very hard, lowering the employment and wage prospects of the entrants into the … find no long term effect on wage or employment of having entered the labour market during an economic crisis. "Unlucky …" young people completing their studies during a recession have lower employment rates, are more often part-time and temporary …
Persistent link: https://www.econbiz.de/10010564041
Persistent link: https://www.econbiz.de/10009569889
Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in developing countries. The appeal of reserve requirements lies in the pro-cyclical behavior of...
Persistent link: https://www.econbiz.de/10012573862
There are several mechanisms that can account for short-run business cycle transmission. International trade is probably the major vehicle, and it forms a direct channel through which income and price shocks may be transmitted. Capital flows provide a second mechanism which is most likely to be...
Persistent link: https://www.econbiz.de/10009448683
Durland and McCurdy [Durland, J.M., McCurdy, T.H., 1994. Duration-dependent transitions in a Markov model of US GNP growth. Journal of Business and Economic Statistics 12, 279?288] investigated the issue of duration dependence in US business cycle phases using a Markov regime-switching approach,...
Persistent link: https://www.econbiz.de/10009483399
It is often suggested that non-linear models are needed to capture business cycle features. In this paper, we subject this view to some critical analysis. We examine two types of non-linear models designed to capture the bounce-back effect in US expansions. This means that these non-linear...
Persistent link: https://www.econbiz.de/10009483488
- In French: Dans cet article, nous étudions les liens existants entre les créations d'entreprises, le PIB et le taux de chômage en France à partir de données régionales sur la période 1993-2011. Les interactions sont analysées tant à court terme qu'à long terme sous une double...
Persistent link: https://www.econbiz.de/10010969014
We study the influences of new firms startups on growth in regional and macroeconomic dimensions in France using a quarterly data basis over the 1993-2011 period. We find that fluctuations in GDP are an early indicator of new firm startups. Nevertheless the most important relationships are found...
Persistent link: https://www.econbiz.de/10010969024
This paper investigates whether there is a link between momentum profitability and firm ratings. We follow traditional and practical (non-) investment-grade classifications to divide into three rating groups, high, median, and non investment-grade group (HIG, MIG, and NIG) since firm ratings...
Persistent link: https://www.econbiz.de/10010987739