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Macroeconomic shocks and racial labour market differences in the U.S.
De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019
in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
Persistent link: https://www.econbiz.de/10012157899
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Search and matching frictions and business cycle fluctuations in Bulgaria
Vasilev, Aleksandar - 2016
In this paper we investigate the quantitative importance of search and matching fric- tions in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with both a two-sided costly search and fiscal policy. This introduces a...
Persistent link: https://www.econbiz.de/10011498689
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Unemployment, Imperfect Risk Sharing, and the Monetary Business Cycle
Givens, Gregory - 2017
This paper examines the impact of unemployment insurance on the propagation of monetary disturbances in a staggered … model that gives prominence to an efficiency-wage theory of unemployment based on imperfectly observable labor effort …
Persistent link: https://www.econbiz.de/10012961766
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The German Labor Market During the Great Recession : Shocks and Institutions
Gehrke, Britta - 2018
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10012909849
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Financial Shocks and the Cyclical Behavior of Skilled and Unskilled Unemployment
Lopez, Jose Ignacio - 2014
We study the effect of financial shocks in labor market dynamics. We build a model with two types of labor, two types of capital and both search and financial frictions. We find that financial shocks, modeled as exogenous disturbances to the borrowing constraint of firms, can generate realistic...
Persistent link: https://www.econbiz.de/10013050545
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Uncertainty shocks and employment fluctuations in Germany : the role of establishment size
Kovalenko, Tim - 2021
Uncertainty shocks are found to adversely affect labor market outcomes. Most studies attribute labor adjustments costs for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face higher labor adjustments cost, they should be affected more...
Persistent link: https://www.econbiz.de/10012614112
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Uncertainty shocks and employment fluctuations in Germany : the role of establishment size
Kovalenko, Tim - 2021
Uncertainty shocks are found to adversely affect labor market outcomes. Most studies attribute labor adjustments costs for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face higher labor adjustments cost, they should be affected more...
Persistent link: https://www.econbiz.de/10012607557
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Uncertainty shocks and unemployment dynamics
Kandoussi, Malak; Langot, François - 2020
the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that … uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …
Persistent link: https://www.econbiz.de/10012243477
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The German labor market during the Great Recession : shocks and institutions
Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2017
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10011634724
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The German labor market during the Great Recession : shocks and institutions
Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2018
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10011916540