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Governmental policies to reduce unemployment during recessions : insights from an ABM

Bauermann, Tom - 2020

The persistently low and (partly) negative output growth in Germany in 2019 evoked memories of the recent global economic crisis and, by this, sparked debates about measures to counter the growing number of unemployed, for example changing the generosity of unemployment benefits (UB) and...

Persistent link: https://www.econbiz.de/10012214516

Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound

Glover, Andrew - 2018

The Fair Minimum Wage Act of 2007 increased the U.S. nominal minimumwage by 41 percent, just as interest rates hit the Zero LowerBound. I study the interaction of these events in a parsimonious extensionof the sticky-price New Keynesian model with heterogeneous labor.A “minimum-wage...

Persistent link: https://www.econbiz.de/10012922493

Obama, Bastiat and Economic Stimulus Packages

McGee, Robert W. - 2014

The Obama stimulus package has been less than a total success if one is to compare what was predicted to what has been delivered to date. The crux of the problem is that the economic planners have ignored or failed to take into account the secondary effects that increased government spending has...

Persistent link: https://www.econbiz.de/10013054157

Effects of an Employment Subsidy in Long-Run Stagnation

Murota, Ryu-ichiro - 2016

We develop a money-in-the-utility-function model with two features. One is that a Phillips curve relationship between nominal wages and unemployment appears because of efficiency wages. The other is that as in the Japanese economy since the early 1990s, unemployment attributable to aggregate...

Persistent link: https://www.econbiz.de/10012992107

The Direct Employment Impact of Public Investment

Moszoro, Marian W. - 2021

We evaluate the direct employment effect of the public investment in key infrastructure—electricity, roads, schools and hospitals, and water and sanitation. Using rich firm-level panel data from 41 countries over 19 years, we estimate that US$1 million of public spending in infrastructure...

Persistent link: https://www.econbiz.de/10013227155

Heterogeneous Labor Market Effects of Monetary Policy

Bergman, Nittai; Matsa, David A.; Weber, Michael - 2021

This paper analyzes the heterogeneous effects of monetary policy on workers with different levels of labor force attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations with lower labor force attachment--Blacks, high school...

Persistent link: https://www.econbiz.de/10013252223

Growth or Stagnation : Economic Consequences of Status Preference

Ono, Yoshiyasu - 2006

Using a dynamic optimization model with status preference this paper shows that depending on the object of people's status preference an economy exhibits a completely opposite performance; permanent growth or persistent stagnation. If the object is a producible asset (viz. real capital), new...

Persistent link: https://www.econbiz.de/10012733756

Capital Accumulation, Labour Market Institutions, and Unemployment in the Medium Run

Stockhammer, Engelbert; Klaer, Erik - 2009

According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the medium run. The actual empirical explanatory power of measures for labour market institutions, however, has been called into question recently (Baker et al 2005, Baccaro and Rei...

Persistent link: https://www.econbiz.de/10014206776

Government Public Investment Dynamic Multiplier Effects : An Empirical Analysis for Spain

Perez-Montiel, Jose - 2020

We estimate the dynamic multiplier effect of public investment in Spain. To this aim, we employ annual data of the … infrastructure investment, INFINV, and in social investment, SOCINV. Thus, we analyze the dynamic multiplier effect of INFINV and …

Persistent link: https://www.econbiz.de/10012830292

The Conditional Effect of Economic Freedom on Fiscal Multipliers

Acevedo, Rafael A; Lorca-Susino, Maria; Mora Mora, Jose - 2022

countries with the mean level of economic freedom had a fiscal multiplier of around 1.0, when economic freedom is at the highest … level of the sample the multiplier is around 0.6. Results show the inverse relationship between the fiscal multiplier and … the level of economic freedom, that is, the higher the level of economic freedom, the lower the multiplier …

Persistent link: https://www.econbiz.de/10014076875

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