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Capital Accumulation, Labour Market Institutions, and Unemployment in the Medium Run
Stockhammer, Engelbert; Klaer, Erik - 2009
According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …
Persistent link: https://www.econbiz.de/10014206776
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Families in macroeconomics
Doepke, Matthias; Tertilt, Michele - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10011454407
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Demographics, Old-Age Transfers and the Current Account
Dao, Mai - 2019
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...
Persistent link: https://www.econbiz.de/10012895121
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Families in Macroeconomics
Doepke, Matthias - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10012996540
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The Economics of Jubilation - Blinking Adam’s Fallacy Away
Gorga, Carmine - 2009
A system of thought allowed for the free market price of land to cyclically go down to zero. This is the economics of Moses. The economics of Jesus is a restatement of the economics of Moses. The first was applied during Biblical times and the latter, united with Aristotle’s thought and...
Persistent link: https://www.econbiz.de/10014202651
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Chapter 23. Families in Macroeconomics
Doepke, M.; Tertilt, M. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1789-1891). 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision making in families) is...
Persistent link: https://www.econbiz.de/10014024274
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Discounts, rationing, and unemployment
Clymo, Alex - In: European economic review : EER 128 (2020), pp. 1-44
Persistent link: https://www.econbiz.de/10012514426
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Investment booms, diverging competitiveness and wage growth within a monetary union : an AB-SFC model
Schütz, Bernhard - 2022
supposed drivers of imbalances in the build-up to the Great Recession: unequal developments in investment, competitiveness and …. The model is able to replicate the low unemployment rates in the North that were paralleled with falling unemployment …
Persistent link: https://www.econbiz.de/10013337982
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The price-price Phillips curve in small open economies and monetary unions : theory and empirics
Vaona, Andrea - 2014
reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …
Persistent link: https://www.econbiz.de/10010238840
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The cross-section of firms over the business cycle : new facts and a DSGE exploration
Bachmann, Ruediger; Bayer, Christian - 2009
-level investment is procyclical. We show that a heterogeneous-firm RBC model with quantitatively realistic countercyclically disperse … state investment rate distribution, produces investment dispersion that positively comoves with the cycle, with a …-sectional firm dynamics ; lumpy investment ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks ; heterogeneous firms …
Persistent link: https://www.econbiz.de/10003888063