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Inefficient continuation decisions, job creation costs, and the cost of business cycles
Den Haan, Wouter J.; Sedlacek, Petr - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 297-349
Persistent link: https://www.econbiz.de/10010409957
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The chance to work in Britain : matching unemployed people to vacancies in good times and bad
Taulbut, Martin; Robinson, Mark - In: Regional studies 49 (2015) 12, pp. 2070-2086
Persistent link: https://www.econbiz.de/10011411686
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Cyclical net entry and exit
Bernstein, Joshua; Richter, Alexander W.; Throckmorton, … - In: European economic review : EER 136 (2021), pp. 1-23
Persistent link: https://www.econbiz.de/10012696730
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Youth unemployment and welfare gains from eliminating business cycles : the case of Poland
Acedański, Jan - In: Economic modelling 57 (2016), pp. 248-262
Persistent link: https://www.econbiz.de/10011646903
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Inefficient continuation decisions, job creation costs, and the cost of business cycles
Den Haan, Wouter J.; Sedlácek, Petr - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 297-349
This paper develops a model according to which the costs of business cycles are nontrivial because they reduce the average level of output. The reason is an interaction between job creation costs and an agency problem. The agency problem triggers separations during economic downturns even though...
Persistent link: https://www.econbiz.de/10011757249
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Jobless recovery and structural change : a VAR approach
Chen, Li-Hsueh; Cui, Zhen - In: South Asian journal of macroeconomics and public finance 6 (2017) 1, pp. 1-26
Persistent link: https://www.econbiz.de/10012153786
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Nonlinear VAR : some theory and an application to US GNP and unemployment
Altissimo, Filippo - 1998
Persistent link: https://www.econbiz.de/10013453297
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Good news about news shocks
Langer, Viktoria C. E. - 2015 - Version: June 2015
unanticipated shocks of equal size news shocks behave in a welfare-enhancing manner, and (2) purely history-dependent monetary … policy rules do not constitute an effective monetary instrument to keep welfare losses to a minimum. …
Persistent link: https://www.econbiz.de/10011373568
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The welfare effects of business-cycle-induced immigration
Malchow-Møller, Nikolaj; Skaksen, Rose - In: The journal of international trade & economic development 23 (2014) 5/6, pp. 682-709
Persistent link: https://www.econbiz.de/10011306482
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Firing tax vs severance payments : an unequal comparison
Wesselbaum, Dennis - In: Journal of economic studies 41 (2014) 5, pp. 721-736
Persistent link: https://www.econbiz.de/10011338446