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Digitalisation : channels, impacts and implications for monetary policy in the euro area
2021
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …
Persistent link: https://www.econbiz.de/10012626753
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Relationships between inflation and unemployment in the United States, Japan and Germany during the economic crisis caused by the COVID-19 pandemic
Grabia, Tomasz; Bywalec, Grzegorz - In: Comparative economic research : Central and Eastern Europe 27 (2024) 2, pp. 29-47
The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … inflation in the countries studied during the above period were unidirectional. To verify this hypothesis, two basic research …
Persistent link: https://www.econbiz.de/10015063564
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The NAIRU and the Extent of the Low-Pay Sector
Garz, Marcel - 2010
evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of …
Persistent link: https://www.econbiz.de/10010460495
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Escaping the unemployment trap : the case of East Germany
Merkl, Christian (contributor);  … - 2008 - Rev. version
This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low-unemployment regions). We suggest that the...
Persistent link: https://www.econbiz.de/10003775079
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The NAIRU and the extent of the low-pay sector
Garz, Marcel - 2010
evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of …
Persistent link: https://www.econbiz.de/10009306634
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Earnings Shocks and Stabilization During COVID-19
Larrimore, Jeff; Mortenson, Jacob; Splinter, David - 2021
This paper documents the magnitude and distribution of U.S. earnings changes during the COVID-19 pandemic and how fiscal relief offset lost earnings. We build panels from administrative tax data to measure annual earnings changes. The frequency of earnings declines during the pandemic were...
Persistent link: https://www.econbiz.de/10013220885
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Do Active Labor Market Policies Increase Employment?
Estevão, Marcello - 2021
Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to...
Persistent link: https://www.econbiz.de/10013212331
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Evaluating Labor Market Reforms : A General Equilibrium Approach
Alonso-Borrego, Cesar; Fernández-Villaverde, Jesús; … - 2021
Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This belief has led several countries to reform their labor markets and liberalize the use of fixed-term contracts. Despite how common such contracts have become after deregulation, there...
Persistent link: https://www.econbiz.de/10013319304
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Modelling Downward and Upward Wage Flexibility at the Macroeconomic Level
López-Villavicencio, Antonia; Saglio, Sophie - 2013
In this paper, we analyze wage sensitivity to labour market disequilibrium at a macroeconomic level in several OECD countries. We estimate the Phillips curve and a wage equation with an error correction term à la Sargan with a novel asymmetric approach that allows us to distinguish between...
Persistent link: https://www.econbiz.de/10014158415
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Earnings Business Cycles : The COVID Recession, Recovery, and Policy Response
Larrimore, Jeff; Mortenson, Jacob; Splinter, David - 2023
Using a panel of tax data, we follow the earnings of individuals over business cycles. Compared to prior recessions, the Covid policy response and recovery were far more progressive. Among workers starting in the bottom quintile, median real earnings including fiscal relief increased 66 percent...
Persistent link: https://www.econbiz.de/10014354830