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analyzed using cointegration and error correction approaches. All variables were found to be first difference stationary and … unemployment are variables that have a negative effect on health care expenditures, with elasticity values of -1.29 and -0 …
Persistent link: https://www.econbiz.de/10010323662
uncertainty on wage setting behavior in the larger monetary union and its effects on unemployment. In light of these effects …
Persistent link: https://www.econbiz.de/10010295405
both types of uncertainty on wage-setting behavior in the larger monetary union and its effects on unemployment. In light …
Persistent link: https://www.econbiz.de/10010261289
where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the …
Persistent link: https://www.econbiz.de/10010261061
Inflation targeting was adopted by several countries, including Sweden, in the 1990s. We evaluate the Swedish inflation … compared to previous regimes adopted in Sweden during the 20th century. Our approach to evaluate inflation targeting is … century of observations, inflation targeting in Sweden is a success – at least so far. …
Persistent link: https://www.econbiz.de/10010295281
announced. Inflation targeting has thus reduced macroeconomic uncertainty compared to previous regimes adopted in Sweden … fixed exchange rates. As judged by the reactions of the labor market participants, inflation targeting in Sweden is a …
Persistent link: https://www.econbiz.de/10010298615
Persistent link: https://www.econbiz.de/10011935649
From a detailed study of the yearly wage bargaining rounds in Norway and Sweden, we construct time series of five … understanding of the changes in the rates of unemployment in the two countries. The results show that there is considerable … similarity between the two countries, e.g., in terms of the estimated effects of macroeconomic variables on unemployment, The …
Persistent link: https://www.econbiz.de/10010284315
overly long unemployment durations. We examine the infuence of previous wages on unemployment durations for workers after …
Persistent link: https://www.econbiz.de/10010294904
severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 …, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …
Persistent link: https://www.econbiz.de/10010321754