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International competitiveness and monetary policy : strategic policy and coordination with a production relocation externality
Bergin, Paul R.; Corsetti, Giancarlo - 2013
Persistent link: https://www.econbiz.de/10010126658
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International competitiveness and monetary policy : strategic policy and coordination with a production relocation externality
Bergin, Paul R.; Corsetti, Giancarlo - 2013
Persistent link: https://www.econbiz.de/10010188708
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Fiscal calculus in a New Keynesian model with labor market frictions
Campolmi, Alessia; Faia, Ester; Winkler, Roland - 2011
During the Great Recession following the recent financial crisis large fiscal stimuli were implemented to counteract labor market sclerosis. We explore the effectiveness of various fiscal packages in a matching model featuring inefficient unemployment and a rich fiscal sector employing...
Persistent link: https://www.econbiz.de/10009157603
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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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Accounting for post-crisis inflation and employment : a retro analysis
Fratto, Chiara; Uhlig, Harald - 2014
Persistent link: https://www.econbiz.de/10010461312
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Accounting for post-crisis inflation and employment : a retro analysis
Fratto, Chiara; Uhlig, Harald - 2014
Persistent link: https://www.econbiz.de/10010465627
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The Euro and the dollar in a spectrum of confidence and risk
Müller, Herbert - 2001
Persistent link: https://www.econbiz.de/10001596046
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Inclusive Monetary Policy : How Tight Labor Markets Facilitate Broad-Based Employment Growth
Bergman, Nittai K.; Matsa, David A.; Weber, Michael - National Bureau of Economic Research - 2022
attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …
Persistent link: https://www.econbiz.de/10012814426
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Labor force participation and monetary policy in the wake of the Great Recession
Erceg, Christopher J.; Levin, Andrew T. - 2013
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during “normal...
Persistent link: https://www.econbiz.de/10012667415
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Labor force participation and monetary policy in the wake of the great recession
Erceg, Christopher J.; Levin, Andrew T. - 2013
Persistent link: https://www.econbiz.de/10010193255