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of aggregate unemployment in postwar data. While this range may seem wide it is an indication that the importance of …
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stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment … the rise in trend unemployment in Germany in the 1980s or for a possible rise in trend unemployment in the United States … following the Great Recession. -- Sectoral shifts ; reallocation ; natural rate ; unemployment ; turbulence ; stochastic …
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We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy...
Persistent link: https://www.econbiz.de/10012979762
We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy...
Persistent link: https://www.econbiz.de/10012455871
reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …
Persistent link: https://www.econbiz.de/10011408964
reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …
Persistent link: https://www.econbiz.de/10010496600
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