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Migrant labor market integration is vital for the resilience of the host country and the migrant population's sustainable livelihood. Greece, which hosts thousands of new immigrants, could seize the private sector's experience to offer effective and holistic labor market integration...
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The interplay of imperfections in several markets is the new frontier of New Keynesian DSGE model research. Following a suggestion put forward by Wasmer and Weil (2004) in a partial equilibrium environment, we introduce search and matching frictions in both the labour and the financial markets...
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Small business lending by the four largest banks fell sharply relative to others in 2008 and remained depressed through 2014. We explore the dynamic adjustment process following this credit supply shock. In counties where the largest banks had a high market share, the aggregate flow of small...
Persistent link: https://www.econbiz.de/10012932738
This paper reviews empirical research on finance and labour markets. Preliminary themes in the literature follow. Finance may interact with labour market institutions to jointly determine labour outcomes. Highly leveraged firms show greater employment volatility during cyclical fluctuations, and...
Persistent link: https://www.econbiz.de/10011914294
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Small business lending by the four largest banks fell sharply relative to others in 2008 and remained depressed through 2014. We explore the dynamic adjustment process following this credit supply shock. In counties where the largest banks had a high market share, the aggregate flow of small...
Persistent link: https://www.econbiz.de/10012453868
Persistent link: https://www.econbiz.de/10003776185