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measures included unemployment benefits, grants, transfers, loans at low rates and tax deferrals. Their nearly exclusive focus … reallocation architecture that should underlie the new measures, namely a combination of unemployment benefits to help workers …
Persistent link: https://www.econbiz.de/10012257781
We answer the question posed by the title by specifying and estimating a simple dynamic model of prices, wages, and short-run and long-run inflation expectations. The estimated model allows us to analyze the direct and indirect effects of product-market and labor-market shocks on prices and...
Persistent link: https://www.econbiz.de/10014322804
Persistent link: https://www.econbiz.de/10014317965
Persistent link: https://www.econbiz.de/10001296432
States, curbing wage inflation and returning price inflation to target may require a period of modestly higher unemployment …
Persistent link: https://www.econbiz.de/10014544809
We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …
Persistent link: https://www.econbiz.de/10011622347
Persistent link: https://www.econbiz.de/10001335692
We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained e?cient allocation. We then focus on the implications of alternative real wage …
Persistent link: https://www.econbiz.de/10010273726
We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …
Persistent link: https://www.econbiz.de/10010298357
We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …
Persistent link: https://www.econbiz.de/10011506614