We study inferences about the dynamics of labor adjustment obtained by the "gap methodology" of Caballero and Engel [1993] and Caballero, Engel and Haltiwanger [1997]. In that approach, the policy function for employment growth is assumed to depend on an unobservable gap between the target and...

This paper reviews the role of micro non-convexities in the study of business cycles. One important non-convexity arises because an individual can work only one workweek length in a given week. The implication of this non-convexity is that the aggregate intertemporal elasticity of labor supply...

This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the 2000-2007 periods. Using a novel dataset of minimum wage regulations across more than 2,800 counties matched with firm-level data, we investigate both the effect of the minimum...

In this article, the GDP deflator is predicted starting from econometric models of historical errors of forecasts based on Dobrescu macromodel. In Romania, a significant relationship between GDP deflator and GDP index predictions was not confirmed. However, there is an important dependence...

The study of the economic processes and phenomena using time-series is an important source of information for the analyses carried out both at the microeconomic level, and those made at the macroeconomic level. Within the framework of this work are presented a series of theoretical aspects...

The purpose of this paper is to present the framework for statistical analyzing the monetary transmission mechanism: the process through which monetary policy decisions are transmitted into changes in real GDP, and inflation; and to evaluate the transmission mechanism in the monetary policy...

The present paper exposes an overview of the state-of-the-art of R statistical software in the official statistics in Romania, predominantly in the social statistics. Examples on data analysis and econometric models of Small Area Estimation successfully completed are given.The scientific...