Narrow search
Showing 1 - 10 of 11,097
Cover Image
An estimated New-Keynesian model with unemployment as excess supply of labor
Casares, Miguel; Moreno, Antonio; Vázquez, Jesús - In: Journal of macroeconomics 40 (2014), pp. 338-359
Persistent link: https://www.econbiz.de/10010496465
Cover Image
The Shimer puzzle(s) in a New Keynesian framework
Pizzo, Alessandra - 2014
Persistent link: https://www.econbiz.de/10010439816
Cover Image
The Effect of Non-technological News Shocks on Unemployment Fluctuations : The Case of Europe
Garcia-Rodriguez, Marta; Pinilla-Torremocha, Clemente - 2023
countries, we find that non-technological news shocks explain a significant proportion of unemployment's variance in the medium … response of unemployment to such shock if one allows for small deviation from rational expectations …
Persistent link: https://www.econbiz.de/10014352734
Cover Image
Endogenous growth, skill obsolescence and output hysteresis in a New Keynesian model with unemployment
Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2021
labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …
Persistent link: https://www.econbiz.de/10012416294
Cover Image
Endogenous growth, skill obsolescence and output hysteresis in a New Keynesian model with unemployment
Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2020
labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …
Persistent link: https://www.econbiz.de/10012269664
Cover Image
Rigid wages, endogenous job : destruction, and destabilizing spirals
Jung, Euiyoung - 2021
Persistent link: https://www.econbiz.de/10012511936
Cover Image
Labor Market Institutions and the Business Cycle : Unemployment Rigidities vs. Real Wage Rigidities
Abbritti, Mirko - 2010
This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … and their interaction is crucial for the dynamics of inflation and unemployment. We estimate a panel VAR with …
Persistent link: https://www.econbiz.de/10013144855
Cover Image
Shocks to bank lending, risk-taking, securitization, and their role for US business cycle fluctuations
Peersman, Gert; Wagner, Wolf - 2014
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10010257361
Cover Image
Measuring financial cycles in a model-based analysis : empirical evidence for the United States and the euro area
Galati, Gabriele; Hindrayanto, Irma; Koopman, Siem Jan; … - 2016
We adopt an unobserved components time series model to extract financial cycles for the United States and the five largest euro area countries over the period 1970 to 2014. We find that credit, the credit-to-GDP ratio and house prices have medium-term cycles which share a few common statistical...
Persistent link: https://www.econbiz.de/10011456728
Cover Image
Shocks to Bank Lending, Risk-Taking, Securitization, and Their Role for U.S. Business Cycle Fluctuations
Peersman, Gert - 2014
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10013055428