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Labor market power and the effects of fiscal policy
Bredemeier, Christian; Jansen, Babette; Winkler, Roland - 2023
We propose a new fiscal transmission channel based on countercyclical monopsony power in the labor market. We develop a Two-Agent New Keynesian model incorporating a time-varying degree of monopsony power, with workers valuing various job aspects and firms having wage-setting power, inversely...
Persistent link: https://www.econbiz.de/10014393266
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Crisis, response and distributional impact : the case of Ireland
Callan, Tim; Nolan, Brian; Keane, Claire; Savage, Michael; … - 2013
Ireland is one of the countries most severely affected by the Great Recession. National income fell by more than 10 per … crisis, and deep fiscal adjustment. This paper examines the income distribution consequences of the recession, and identifies … factors are the direct effects of the recession itself. Policy changes do contribute to the larger than average losses at high …
Persistent link: https://www.econbiz.de/10009765520
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Crisis, response and distributional impact : the case of Ireland
Callan, Tim; Nolan, Brian; Keane, C.; Savage, Michael; … - 2013
Ireland is one of the countries most severely affected by the Great Recession. National income fell by more than 10 per … crisis, and deep fiscal adjustment. This paper examines the income distribution consequences of the recession, and identifies … factors are the direct effects of the recession itself. Policy changes do contribute to the larger than average losses at high …
Persistent link: https://www.econbiz.de/10009761408
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Distributional effects of macroeconomic shocks in real-time : a novel method applied to the Covid-19 crisis in Germany
Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2020
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012383744
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Distributional effects of macroeconomic shocks in real-time: a novel method applied to the COVID-19 crisis in Germany
Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2020
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012383825
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The distributional impact of labour market reforms : a model-based assessment
Röger, Werner; Varga, Janos; Veld, Jan in 't; Vogel, Lukas - 2019 - This version: 16 October 2019
This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...
Persistent link: https://www.econbiz.de/10012118569
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Fiscal policy effectiveness : lessons from the Great Recession
Tcherneva, Pavlina R. - 2011
Great Recession ; Fiscal Policy ; Macroeconomic Stabilization ; Employment …
Persistent link: https://www.econbiz.de/10008906599
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Fiscal Policy Effectiveness : Lessons from the Great Recession
Tcherneva, Pavlina R. - 2011
This paper reconsiders fiscal policy effectiveness in light of the recent economic crisis. It examines the fiscal policy approach advocated by the economics profession today and the specific policy actions undertaken by the Bush and Obama administrations. An examination of the labor market...
Persistent link: https://www.econbiz.de/10013130221
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The distributional effects of government responses to the 2009 recession in Thailand
Haughton, Jonathan; Jitsuchon, Somchai; Rukumnuaykit, … - In: Journal of Southeast Asian economies 33 (2016) 1, pp. 41-64
Persistent link: https://www.econbiz.de/10011488464
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Furloughing
Adams, Abi; Boneva, Teodora; Golin, Marta; Rauh, Christopher - 2020
Persistent link: https://www.econbiz.de/10013205505