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", stock-market fluctuations should Granger cause fluctuations of the unemployment rate. We performed several Granger … (2015) for U.S. data, we found that the stock market Granger causes unemployment in the short run and the long run when we … control for a deterministic trend in the unemployment rate. Results of a frequency-domain test show that, in the short run …
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unemployment when taking place in industries characterized by low skilled wage rigidity. Thus, in terms of unemployment, not …
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unemployment when taking place in industries characterized by low skilled wage rigidity. Thus, in terms of unemployment, not …
Persistent link: https://www.econbiz.de/10011634413
picture is observed for Greek Government bonds, which we show are governed mainly by deficit-to-GDP ratio, unemployment rate … highly correlated to increases in unemployment and increases to its sovereign debt-to-GDP ratio. For the case of Greece it is …, a deterioration of the debt-to-GDP ratio together with an increase in unemployment more than offset this effect …
Persistent link: https://www.econbiz.de/10013090656
In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-labour costs in a closed economy represent the most important factor in determining the price level. The second most important driver of price level changes is the exchange rate. A positive economic...
Persistent link: https://www.econbiz.de/10013151089
There has been a long discussion about the employment impact of minimum wages and this discussion has recently been renewed with the introduction of an economy-wide, binding minimum wage in Germany in 2015. In traditional reasoning, based on the allocational approach of modern labour market...
Persistent link: https://www.econbiz.de/10011803177
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …
Persistent link: https://www.econbiz.de/10011446629
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …
Persistent link: https://www.econbiz.de/10011448440