Showing 1 - 10 of 13,216
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10013321310
In the fight against global warming, the reduction of greenhouse gas emissions is a major objective. In particular, a decrease in electricity generation by coal could contribute to reducing CO2 emissions. Using a multi-region dynamic general equilibrium model, this paper studies potential...
Persistent link: https://www.econbiz.de/10012051245
We explore two issues triggered by the global financial crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation...
Persistent link: https://www.econbiz.de/10012936771
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...
Persistent link: https://www.econbiz.de/10013002151
Predicting cycles in economic activity is one of the more challenging but important aspects of economic forecasting. This paper reports the results from estimation of binary probit models that predict the probability of an economy being in a recession using a variety of financial and real...
Persistent link: https://www.econbiz.de/10012724619
The paper extends previous work on the information in the term structure about future real economic growth. For the U.S. and Germany, and to a lesser extent for the U.K., we find evidence that the long end of the term structure has information about future growth of industrial production beyond...
Persistent link: https://www.econbiz.de/10014069643
Persistent link: https://www.econbiz.de/10001151854
Institut für Arbeitsmarkt- und Berufsforschung (IAB) at the Bundesanstalt für Arbeit in Germany -- looking at how each …
Persistent link: https://www.econbiz.de/10013521982
Persistent link: https://www.econbiz.de/10003779842