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Dieser Aufsatz untersucht die Hypothese, dass der Grad an Arbeitsmarkthysterese in Folge einer Rezession von der Reaktion der Geldpolitik abhängt. Der Hysteresegrad wird in der empirischen Untersuchung durch die geldpolitische Reaktion und Standardvariablen für Arbeitsmarktinstitutionen in...
Persistent link: https://www.econbiz.de/10003772351
The paper examines the effects of an environmental tax reform in a model of a small open economy with decentralized wage bargaining and monopolistically competitive firms. The economy includes a tradable sector as well as a non-tradable sector and features unemployment in general equilibrium....
Persistent link: https://www.econbiz.de/10014091234
The paper examines the effects of an environmental tax reform in a small open economy with decentralized wage bargaining, monopolistically competitive firms and equilibrium unemployment. There is a tradable and a non-tradable sector and all firms use labour as well as an imported polluting...
Persistent link: https://www.econbiz.de/10014156453
This paper examines the impact of temporal variation in labour market institutions and other structural factors on unemployment in Europe. These include the influence of trade unions, social security benefits, employment security, mismatch between job seekers and vacancies, the minimum wage and...
Persistent link: https://www.econbiz.de/10013320275
This paper uses panel data on migration flows between municipalities in Norway from 2000-2008. The relatively new method of fixed effects vector decomposition (fevd) is used to estimate parameters for time-invariant spatial structure variables as well as for labour market factors such as...
Persistent link: https://www.econbiz.de/10012171700
This paper re-examines Lilien's sectoral shifts hypothesis for U.S. unemployment. We employ a monthly panel that spans from 1990:01 to 2011:12 for 48 U.S. states. Panel unit root tests that allow for crosssectional dependence reveal the stationarity of unemployment. Within a framework that takes...
Persistent link: https://www.econbiz.de/10011730867
This note is a companion to the Lilien (lilien) and Modified Lilien (mlilien) commands for computing the relative indices in STATA. The note illustrates the main features of the commands with an application to the structural determinants of regional unemployment. -- econometric software ; Stata...
Persistent link: https://www.econbiz.de/10009708706
We construct a new Markov-switching unobserved components framework for the analysis of hysteresis effects. Our model … in German unemployment is fully explained by hysteresis. The Great Recession was well absorbed because both hysteresis … not evolve according to hysteresis, not even during the Great Recession. …
Persistent link: https://www.econbiz.de/10011372431
Persistent link: https://www.econbiz.de/10000122972