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The impact of inflation targeting on unemployment in developing and emerging economies
Divino, Jose Angelo - 2009
Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing literature on the issue, it is not clear whether developing and emerging countries can improve their economic performance by adopting inflation targeting. This working paper...
Persistent link: https://www.econbiz.de/10010293308
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Great Expectations: Past Wages and Unemployment Durations
Böheim, René; Horvath, Gerard Thomas; Winter-Ebmer, Rudolf - 2010
Decomposing wages into worker and firm wage components, we find that firm-fixed components (firm rents) are sizeable parts of workers' wages. If workers can only imperfectly observe the extent of firm rents in their wages, they might be mislead about the overall wage distribution. Such...
Persistent link: https://www.econbiz.de/10010294904
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Monetary Policy and Swedish Unemployment Fluctuations
Alexius, Annika; Holmlund, Bertil - 2007
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10010295242
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Monetary Policy and Swedish Unemployment Fluctuations
Holmlund, Bertil; Alexius, Annika - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-4, pp. 1-25
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10010295302
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Non-linearities and fractional integration in the US unemployment rate
Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2004
This paper proposes a model of the US unemployment rate which accounts for both its asymmetry and its long memory. Our approach, based on the tests of Robinson (1994), introduces fractional integration and nonlinearities simultaneously into the same framework (unlike earlier studies employing a...
Persistent link: https://www.econbiz.de/10010295392
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Budgetary Policy and Unemployment Dynamics
von Thadden, Leopold; Kaas, Leo - 2001
untersuchen die Entwicklung von Arbeitslosigkeit in Abhängigkeit von zwei verschiedenen staatlichen Budgetpolitiken. In … Übereinstimmung mit der traditionellen Literatur werden Schwankungen in der Arbeitslosigkeit kurzfristig durch eine ausgeglichene … Budgets erhöht jedoch über die Zeit die Persistenz der Arbeitslosigkeit durch adverse Wachstumseffekte und führt eventuell zu …
Persistent link: https://www.econbiz.de/10010295705
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The Impact of the Multifiber Agreement Phaseout on Unemployment in Tunisia: A Prospective Dynamic Analysis
Marouani, Mohamed A. - 2005
Using a dynamic general equilibrium model, the paper provides a quantitative assessment of the impact of the Multifiber Agreement dismantling on unemployment in Tunisia. The specification of intertemporal behavior of households and firms permits the analysis of the effects of the shock on...
Persistent link: https://www.econbiz.de/10010296388
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Native Welfare Losses from High Skilled Immigration
Kemnitz, Alexander - 2007
This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on low skilled employment, provided that the...
Persistent link: https://www.econbiz.de/10010296828
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Skill Biased Technological Change and Endogenous Benefits: The Dynamics of Unemployment and Wage Inequality
Weiss, Matthias; Garloff, Alfred - 2005
In this paper, we study the effect of skill-biased technological change on unemployment when benefits are linked to the evolution of average income and when this is not the case. In the former case, an increase in the productivity of skilled workers and hence their wage leads to an increase in...
Persistent link: https://www.econbiz.de/10010297491
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Human capital creates insider power
Muysken, Joan; Zwick, Thomas - 1999
This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...
Persistent link: https://www.econbiz.de/10010297626