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The NAIRU and the extent of the low-pay sector
Garz, Marcel - 2010
The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with … evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of … unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting …
Persistent link: https://www.econbiz.de/10009306634
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Testing the effectiveness of the French work-sharing reform : a forecasting approach
Logeay, Camille; Schreiber, Sven - 2005 - This revision: July 2004
The authors analyse the macroeconomic impact of the French work-sharing reform of 2000 (a reduction of standard working hours in combination with wage subsidies). Using a vector error correction model (VECM) for several labour market variables as well as inflation and output the authors produce...
Persistent link: https://www.econbiz.de/10003744522
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The Asymmetric Impact of Oil Prices, Interest Rates and Oil Price Uncertainty on Unemployment in US
Kocaarslan, Barış - 2019
, interest rates and unemployment in a cointegration framework. Utilizing the nonlinear auto-regressive distributed lag (NARDL …) approach, we show the asymmetric responses of unemployment to changes in oil prices, oil price uncertainty and interest rates … increased unemployment while there is no significant impact of reduced oil prices. On the other hand, reduced oil price …
Persistent link: https://www.econbiz.de/10012860192
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Counteracting Unemployment in Crises : Non-Linear Effects of Short-Time Work Policy
Gehrke, Britta - 2018
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10012920449
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Counteracting unemployment in crises : non-linear effects of short-time work policy
Gehrke, Britta; Hochmuth, Brigitte - 2017
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty in order to prevent layoffs and stabilize employment. Many OECD countries have used this policy in the Great Recession, for example. This paper shows that the effects of...
Persistent link: https://www.econbiz.de/10011718992
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Counteracting unemployment in crises : non-linear effects of short-time work policy
Gehrke, Britta; Hochmuth, Brigitte - 2018
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
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Impact of Foreign Direct Investments on Unemployment in Emerging Market Economies : A Co-Integration Analysis
Bayar, Yilmaz - 2018
investments on the unemployment in 21 emerging economies over the period 1994-2014. Design/methodology/approach: The effect of … domestic and foreign direct investments on unemployment was investigated via panel data analysis. First tests of cross … root test. The long run relationship among the series was examined with Westerlund-Durbin-Hausman's (2008) co-integration …
Persistent link: https://www.econbiz.de/10012922859
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Impact of macroeconomic variables on the Nigerian manufacturing sector
Lawal, Adedoyin Isola; Oseni, Eziekel; Lawal-Adedoyin, … - In: Cogent economics & finance 10 (2022) 1, pp. 1-16
The essence of this study is to examine the impact of macroeconomic variables and some salient socio-economic and political variables on the manufacturing sub-sector of the Nigerian economy by using the autoregressive distributed lag to analyze data source from 1986 to 2019 within the context of...
Persistent link: https://www.econbiz.de/10013431466
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Austerity measures amplified crisis in Spain, Portugal, and Italy
Engler, Philipp; Klein, Mathias - In: DIW economic bulletin 7 (2017) 8, pp. 89-93
The fiscal consolidation efforts of Spain, Italy, and Portugal from 2010 to 2014 did not achieve their goal of reducing the debt-to-GDP ratio in any of the three countries. This Economic Bulletin examines why the spending cuts and tax increases, at times drastic, were unsuccessful and...
Persistent link: https://www.econbiz.de/10011607711
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The impact of uncertainty on macro variables : an SVAR-based empirical analysis for EU countries
Belke, Ansgar; Kronen, Dominik - 2017
In light of the rising political and economic uncertainty in Europe, we aim to provide a basic understanding of the impact of economic policy uncertainty and financial market uncertainty on a set of macroeconomic variables such as production, consumption and investment. In this paper, we apply a...
Persistent link: https://www.econbiz.de/10011761787