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The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to … the virus response and possible paths for the official unemployment rate through 2021. Substantial uncertainty surrounds … the path for measured unemployment, depending on the path of the virus and containment measures and their impact on …
Persistent link: https://www.econbiz.de/10012228061
This paper studies the impact of product and labor market regulations on informality and unemployment in a general … regulations lead to a simultaneous reduction in informality and unemployment. The difference between these two policy options lies …
Persistent link: https://www.econbiz.de/10009230678
This paper studies the impact of product and labor market regulations on informality and unemployment in a general … regulations lead to a simultaneous reduction in informality and unemployment. The difference between these two policy options lies …
Persistent link: https://www.econbiz.de/10010278505
After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …
Persistent link: https://www.econbiz.de/10009405109
, such as involuntary unemployment, imported goods in the consumption bundle and a new identified vector auto …
Persistent link: https://www.econbiz.de/10015055215
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/10011792134
application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10013541792
application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10013455597
This paper investigates how macroeconomic policy shocks in Turkey affect the total unemployment and provides evidence … on the differential responses of the unemployment by sectors of economic activity. Our paper extends the previous work in … two respects. First, we consider not only the response of total unemployment but also the response of unemployment by …
Persistent link: https://www.econbiz.de/10003719158
This paper investigates how macroeconomic policy shocks in Turkey affect the total unemployment and provides evidence … on the differential responses of the unemployment by sectors of economic activity. Our paper extends the previous work in … two respects. First, we consider not only the response of total unemployment but also the response of unemployment by …
Persistent link: https://www.econbiz.de/10012724557