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Labor market effects of unemployment insurance design
Tatsiramos, Konstantinos; Ours, Jan C. van - 2012
With the emergence of the Great Recession unemployment insurance (UI) is once again at the heart of the policy debate. In this paper, we review the recent theoretical and empirical evidence on the labor market effects of UI design. We also discuss policy issues related to UI design, including...
Persistent link: https://www.econbiz.de/10009656641
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Search unemployment in a dynamic new Keynesian model of the business cycle
Gerke, Rafael; Rubart, Jens - 2003
The monetary transmission mechanism plays an important role in studying the effects of monetary policy on the real side of the economy. At least since Chari et al. (2000) it is generally accepted that new keynesian models of the business cycle display a persistence problem. In this paper, we...
Persistent link: https://www.econbiz.de/10011524517
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Germany's labour market in Coronavirus distress : new challenges to safeguarding employment
Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; … - 2021
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
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Labour Tax Reforms, Cross-Country Coordination and the Monetary Policy Stance in the Euro Area : A Structural Model-Based Approach
Jacquinot, Pascal - 2018
We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...
Persistent link: https://www.econbiz.de/10012928551
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Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen
Beissinger, Thomas; Knoppik, Christoph - 2003
Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so … Auswirkungen bei sehr niedriger Inflation nicht zu vernachlässigen sind. Die Ergebnisse dieser Literatur sollten daher bei der …In the presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by …
Persistent link: https://www.econbiz.de/10010261537
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Globalisation, Labour Markets and International Adjustment - Essays in Honour of Palle S. Andersen
White, William R.; Gudmundsson, Mar; Turner, Philip - 2010
theme of the conference reflects Mr Andersen's long-standing research interest in wage determination and inflation dynamics … effect on global inflation of the integration of labour from emerging markets and former command economies into the global … market economy; and the impact of globalisation on the inflation process and the transmission mechanism of monetary policy …
Persistent link: https://www.econbiz.de/10014197460
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Fewer jobs or smaller paychecks? : aggregate crisis impacts in selected middle-income countries
Khanna, Gaurav; Newhouse, David Locke; Paci, Pierella - 2011
This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...
Persistent link: https://www.econbiz.de/10009408899
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Fewer Jobs or Smaller Paychecks? Aggregate Crisis Impacts in Selected Middle-Income Countries
Khanna, Gaurav - 2011
This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...
Persistent link: https://www.econbiz.de/10013120422
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Labour Market Transitions, Shocks and Institutions in Turbulent Times : A Cross-Country Analysis
Bachmann, Ronald - 2018
This paper analyses the impact of the business cycle on labour market dynamics in EU member states and the US during the first decade of the 21st century. Using unique measures of labour market flows constructed from worker-level micro data, we examine to what extent macro shocks were...
Persistent link: https://www.econbiz.de/10012922444
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Phillips Curves and unemployment dynamics: a critique and a holistic perspective
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2008
reaction theory (CRT), should be used to jointly explain the evolution of inflation and unemployment. A further attraction of …The conventional wisdom that inflation and unemployment are unrelated in the long-run implies the compartmentalisation … of macroeconomics. While one branch of the literature models inflation dynamics and estimates the unemployment rate …
Persistent link: https://www.econbiz.de/10010276432