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Explanations for Persistent Nursing Shortages

Long, Mark C; Goldfarb, Marsha G.; Goldfarb, Robert S - In: Forum for Health Economics & Policy 11 (2008) 2

suggest three new explanations for perceived nursing shortages. The first model focuses on hospitals hiring both permanent … staff nurses and temporary contract nurses. It shows that hiring both classes of nurses can represent optimizing behavior …, and that an interesting kind of perceived nursing shortage results from this dual hiring. The second model posits two …

Persistent link: https://www.econbiz.de/10014591973

Matchingprozesse auf beruflichen Teilarbeitsmärkten / Job Matching on Occupational Labour Markets

Stops, Michael; Mazzoni, Thomas - In: Jahrbücher für Nationalökonomie und Statistik 230 (2010) 3, pp. 287-312

Summary Our paper presents new estimates of matching functions on partial labor markets. We used extensive data, ranging from 1982 to 2003, which results in new insights, extending the knowledge obtained by former empirical studies. We also used the extended time series data to validate model...

Persistent link: https://www.econbiz.de/10014609287

Monetary Policy and the Information Content of the Yield Spread

Feroli, Michael - In: Contributions in Macroeconomics 4 (2004) 1

Abstract This paper investigates the determinants of the ability of the yield spread to predict output fluctuations conditional on the short rate. In the model of the paper, this predictive power is contingent on the monetary authority's reaction function. In particular, expectations of monetary...

Persistent link: https://www.econbiz.de/10014588371

An Analytical Approach to the Welfare Cost of Business Cycles and the Benefit from Activist Monetary Policy

Kiley, Michael T. - In: Contributions in Macroeconomics 3 (2003) 1

A closed-form solution for quantity and asset-price movements in a dynamic general equilibrium model with non-state-separable preferences shows that the welfare cost of fluctuations and the equity premium can be large in such a model. But a large welfare loss from cycles does not imply a large...

Persistent link: https://www.econbiz.de/10014588430

Explaining Speculative Expansions

Xiao, Wei - In: Contributions in Macroeconomics 4 (2004) 1

Abstract In this paper we use a modified neoclassical business cycle model to test two competing explanations of the expansion of the 1990s. The model can have indeterminate, multiple equilibria that give rise to expectation-driven business cycles. We fit into the model series of estimated...

Persistent link: https://www.econbiz.de/10014588447

Indeterminacy and the Stability Puzzle in Non-Convex Economies

Evans, George W; McGough, Bruce - In: Topics in Macroeconomics 5 (2005) 1

Abstract We examine stability under learning of sunspot equilibria in Real Business Cycle type models with indeterminacies. Our analysis emphasizes the importance of examining alternative representations of sunspot solutions. A general bivariate reduced form contains parameter regions in which...

Persistent link: https://www.econbiz.de/10014588457

Short Run Comovement, Persistent Shocks and the Business Cycle / Eine empirische Analyse der Wirkung kurz- und langfristiger Schocks im Konjunkturzyklus

Breitung, Jörg; Heinemann, Maik - In: Jahrbücher für Nationalökonomie und Statistik 217 (1998) 4, pp. 436-448

Summary Following standard real business cycle theory, long run economic growth and short run business cycle fluctuations are attributed to a series of productivity shocks propagated by the economic system which is assumed to be in a rational expectations equilibrium. Characterizing the...

Persistent link: https://www.econbiz.de/10014608617

Zur Rolle der Geldpolitik im Konjunkturzyklus / On the Role of Monetary Policy in the Business Cycle

Holstein, Michael - In: Jahrbücher für Nationalökonomie und Statistik 218 (1999) 3-4, pp. 346-360

Zusammenfassung Mit dem Beitritt zur Europäischen Währungsunion geben die Mitgliedsländer (und ihre Zentralbanken) die Souveränität in geldpolitischen Fragen an die Europäische Zentralbank ab. Die Geldpolitik scheidet somit als Instrument der nationalen Wirtschaftspolitik aus. Wenn ihr...

Persistent link: https://www.econbiz.de/10014608685

Demand and Supply Shocks in the IS-LM Model: Empirical Findings for Five Countries / Nachfrage- und Angebotsschocks im IS-LM Modell: Empirische Ergebnisse für fünf Länder

Jordan, Thomas J.; Lenz, Carlos - In: Jahrbücher für Nationalökonomie und Statistik 218 (1999) 5-6, pp. 725-744

Summary This paper analyzes whether the short-run behavior of output, the interest rate, and the price level in the U.S., Germany, France, the U.K., and Italy follows the qualitative predictions of the IS-LM model augmented by a long-run aggregate supply schedule. The use of the structural...

Persistent link: https://www.econbiz.de/10014608722

Stylized Facts of Eurolands Business Cycle / Stilisierte Fakten des Konjunkturzyklus in Euroland

Döpke, Jörg - In: Jahrbücher für Nationalökonomie und Statistik 219 (1999) 5-6, pp. 591-610

Summary The paper presents stylized facts of Euroland’s business cycle using aggregated data. The main results are: The determination of turning points in Euroland’s business cycle is not very sensitive to the detrending method used, although the level of the recent output gap depends on it....

Persistent link: https://www.econbiz.de/10014608731

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