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Equilibrium unemployment, job flows and inflation dynamics

Trigari, Antonella - 2004

general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …

Persistent link: https://www.econbiz.de/10009636527

Temporary shocks and unavoidable transitions to a high-unemployment regime

Den Haan, Wouter J. - 2003

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …

Persistent link: https://www.econbiz.de/10009635968

Inter-industry wage differentials in EU countries

Du Caju, Philip; Kátay, Gábor; Lamo, Ana; Nicolitsas, … - 2010

This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...

Persistent link: https://www.econbiz.de/10009640359

The determination of wages of newly hired employees

Galuščák, Kamil; Keeney, Mary; Nicolitsas, Daphne; … - 2010

This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers. The evidence suggests...

Persistent link: https://www.econbiz.de/10009640406

Inter-industry wage differentials: how much does rent sharing matter?

Caju, by Philip Du; Rycx, François; Tojerow, Ilan - 2009

This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials among workers with the same observed characteristics...

Persistent link: https://www.econbiz.de/10009640484

Inflation, factor substitution and growth

Klump, Rainer - 2003

Recent empirical studies on the inflation-growth-relationship underline that inflation has negative growth effects already under relatively modest rates. Most contributions to monetary growth theory, however, have difficulties in explaining such a pattern. It is shown in this paper that this...

Persistent link: https://www.econbiz.de/10009635886

Fiscal rules and sustainability of public finances in an endogenous growth model

Annicchiarico, Barbara; Giammarioli, Nicola - 2004

This paper presents a two period overlapping generations model with endogenous growth in the presence of a public sector with objectives of convergence for public debt and primary balance to GDP ratios. In order to ensure the existence of converging paths towards the target values of fiscal...

Persistent link: https://www.econbiz.de/10009639435

Fiscal sustainability and public debt in an endogenous growth model

Fernández-Huertas Moraga, Jesús; Vidal, Jean-Pierre - 2004

This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from human capital formation through educational spending. We assess how budgetary imbalances affect economic dynamics and the outlook for economic growth, thereby providing a...

Persistent link: https://www.econbiz.de/10009639455

The role of product market regulations in the process of structural change

Messina, Julián - 2003

The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, product market regulations raise...

Persistent link: https://www.econbiz.de/10009639850

Indeterminacy and search theory

Giammarioli, Nicola - 2003

capable to generate business ßuctuations, driven by self-fulÞlling belief, characterised by unemployment persistence. A …

Persistent link: https://www.econbiz.de/10009635902