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I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …
Persistent link: https://www.econbiz.de/10010516542
I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …
Persistent link: https://www.econbiz.de/10012988700
We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …
Persistent link: https://www.econbiz.de/10013319288
Persistent link: https://www.econbiz.de/10012254351
This paper assesses the existence and the extent of austerity‐oriented policies in Germany in the aftermath of the 2008‐9 recession. In contrast to the intensive phase of labour market and welfare state reforms in the early 2000s aimed at 'welfare readjustment', we do not see austerity...
Persistent link: https://www.econbiz.de/10011333561
In the present paper a discussion will be made about the crucial topic of fostering entrepreneurship as the cornerstone of capitalism (by avoiding too hard austerity measures and helping instead entrepreneurship in various ways) so as to make corporations profitable and ultimately create jobs,...
Persistent link: https://www.econbiz.de/10013096766
mandated by austerity measures increased the likelihood that younger and older women workers would transition into unemployment … and inactivity, while no such effect was identified for men. On the other hand, evidence of heterogeneous compliance with …
Persistent link: https://www.econbiz.de/10012891521
The Prosperity pillar of the 2030 Agenda for Sustainable Development calls for an integrated approach based on boosting productivity through diversification, upgrading technology and innovation, and increasing employment and entrepreneurship. Thailand needs to address all these challenges to...
Persistent link: https://www.econbiz.de/10011914179
large employer. Manufacturing compensations are better aligned with productivity and unemployment when general government …
Persistent link: https://www.econbiz.de/10011991905
frictions, which allows to analyze the response of equilibrium unemployment to fiscal measures. In order to illustrate some of …
Persistent link: https://www.econbiz.de/10008937391