This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and …

fiscal stimulus slows down economic recovery from recession in the medium-run. We discuss the slowdown from recovery w ….r.t. alternative assumptions about the size and persistence of the initial shock (severity of the recession), the assumed power of the … similar independent from whether a recession was caused by an efficiency wedge (input-financing frictions) or a labor wedge …

. Concomitantly, employment falls between 1½ and 5% depending on hurricane strength. On the other hand, the effects of hurricanes on … better examine the specific shocks, we also observe sectoral employment shifts. Finally, we conduct a time-series analysis … and find that over time, there is somewhat of a cobweb with earnings and employment rising and falling each quarter over a …

analyzes the potential employment and fiscal effects of such a policy. Based on estimated labor demand elasticities obtained … associated with significant employment losses that are concentrated among marginal and low- and semi-skilled full-time workers …

waiting. Thus, if sunk firing costs are high, e.g. due to a employment protection legislation, and if recession related losses …Sunk firing costs shelter employment and this effect is typically amplified by uncertainty due to an option value of … are with a high probability expected to be only transitory and not permanent, a relatively small employment subsidy will …