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support to this view. We find that in countries with less stringent job market regulation the long-run impact of Unemployment … faster in countries with looser job-market regulation, compared with countries with stricter regulation. These findings have …
Persistent link: https://www.econbiz.de/10011517459
Purpose: We analyse the impact of different public policies on inequality, unemployment, growth and the tax burden. In this purpose, we build a dynamic general equilibrium model in which growth is driven by endogenous technical progress to analyse the impacts of several policies (Minimum wage;...
Persistent link: https://www.econbiz.de/10014166648
Persistent link: https://www.econbiz.de/10011958476
US states have implemented lockdown measures to contain the COVID-19 pandemic. We assess the impact of state policy responses on local economic and health conditions, with the goal to shed light on marginal health benefits and economic costs associated with social distancing. We find that...
Persistent link: https://www.econbiz.de/10012587672
I study the effects of fiscal policy responses to aggregate shocks in an economy where households face idiosyncratic unemployment risk in a search and matching (SaM) labor market. By assuming zero liquidity, the households' distribution is degenerate and the model is easily tractable. In the...
Persistent link: https://www.econbiz.de/10014237546
the world and which is used by the Deutsche Bundesbank for policy analysis, to analyze how discretionary fiscal policy in … of the world and risk premia shocks, followed by domestic non-fiscal shocks, amongst them the technology shock being the …
Persistent link: https://www.econbiz.de/10010486694
world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment …, however, were rest of the world and uncovered interest rate parity shocks, followed by domestic non-fiscal shocks. …
Persistent link: https://www.econbiz.de/10010516561
rest of the EA - REA), the US, and the rest of the world, region-specific labour markets with search and matching frictions …
Persistent link: https://www.econbiz.de/10011792134
This paper models the macroeconomic and distributional consequences of lockdown shocks during the COVID-19 pandemic. The model features heterogeneous life-cycle households, labor market search and matching frictions, and multiple industries of employment. We calibrate the model to data from New...
Persistent link: https://www.econbiz.de/10013248525
We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas during the Great Recession all working-time instruments...
Persistent link: https://www.econbiz.de/10012512274