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Labor market participation, unemployment and monetary policy
Campolmi, Alessia; Gnocchi, Stefano - 2011
paper is threefold: first, we show that the model provides a good fit for employment and unemployment volatility, as well as … volatility of employment and unemployment. Finally, we show the role of search costs in shaping those results. -- matching …
Persistent link: https://www.econbiz.de/10009157609
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Labor market participation, unemployment and monetary policy
Campolmi, Alessia; Gnocchi, Stefano - 2014
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that treating the labor force as constant leads to incorrect evaluation of alternative policies. We also show that the presence of a participation margin mitigates the Shimer critique.
Persistent link: https://www.econbiz.de/10010254334
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Worker heterogeneity, selection, and employment dynamics in the face of aggregate demand and pandemic shocks
Ravenna, Federico; Walsh, Carl E. - 2020
amplifies fluctuations in unemployment and results in excess unemployment volatility relative to the efficient allocation …. Recessions disproportionately affect lowproductivity workers, whose unemployment spells are inefficiently frequent and long. We …-productivity workers. The unemployment consequences are especially severe when nominal interest rates are close to the effective lower …
Persistent link: https://www.econbiz.de/10012318150
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Labor Force Participation and Monetary Policy in the Wake of the Great Recession
Erceg, Christopher J. - 2014
In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during“normal...
Persistent link: https://www.econbiz.de/10013061162
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A New Approach for the General Equilibrium Analysis. Increase of the Production and Employment with Monetary and Fiscal Boosts
Nomidis, Dimitrios - 2014
The purpose of this paper is to present an approach with regard to the dynamic process of the general equilibrium during the business cycle fluctuations following monetary and fiscal interventions, which, I think, could contribute to bridging the differences between the different schools of...
Persistent link: https://www.econbiz.de/10013053400
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Unemployment, marginal attachment and labor force participation in Canada and the United States
Jones, Stephen R. G.; Riddell, William Craig - 2017
We analyze changes in unemployment, marginal labor force attachment and participation in Canada and the U.S. Using two … complementary decompositions, we show the importance for the comparative evolution of aggregate unemployment of changes in the … marginally attached displaying behavior lying between unemployment and non-attachment. The three non-employment states are …
Persistent link: https://www.econbiz.de/10012064016
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Unemployment, marginal attachment and labor force participation in Canada and the United States
Jones, Stephen R. G.; Riddell, William Craig - 2017
We analyze changes in unemployment, marginal labor force attachment and participation in Canada and the U.S.. Using two … complementary decompositions, we show the importance for the comparative evolution of aggregate unemployment of changes in the … marginally attached displaying behavior lying between unemployment and non-attachment. The three non-employment states are …
Persistent link: https://www.econbiz.de/10011647679
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The ins and outs of involuntary part-time employment
Borowczyk-Martins, Daniel; Lalé, Etienne - 2018
We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...
Persistent link: https://www.econbiz.de/10011913254
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Gender and education gaps in employment : new evidence for the EU
Gökten, Meryem; Heimberger, Philipp; Arsenev, Aleksandr; … - 2024
This paper analyses (age-adjusted) employment rates by gender and education. We find that malefemale gender gaps and high-low education gaps in employment vary markedly across European Union (EU) countries and regions, with larger gaps existing in Eastern and Southern Europe than in Nordic and...
Persistent link: https://www.econbiz.de/10014558979
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Do the CAP Subsidies Increase Employment in Sweden? Estimating the Open Economy Relative Multiplier Using an Exogenous Change in the CAP
Blomquist, Johan; Nordin, Martin - Nationalekonomiska Institutionen, Ekonomihögskolan - 2013
This study evaluates the impact of agricultural subsidies (CAP) on unemployment and employment outside the agricultural …
Persistent link: https://www.econbiz.de/10010721028