Showing 1 - 10 of 8,099
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
Persistent link: https://www.econbiz.de/10012182288
Some economic observers argue “structural unemployment” has increased in the wake of the Great Recession, but in this … paper we find little support for either of two arguments that suggest that structural unemployment has been on the rise. The … first argument focuses on the large increase in unemployment among construction workers. The second argument is that falling …
Persistent link: https://www.econbiz.de/10008867484
We estimate a New Keynesian model with matching frictions and nominal wage rigidities on UK data. We are able to identify important structural parameters, recover the unobservable shocks that have affected the UK economy since 1971 and study the transmission mechanism. With matching frictions,...
Persistent link: https://www.econbiz.de/10008914256
This paper identifies the effect of variation in government-backed loan supply on unemployment exploiting regional …. This variation helps disentangling supply from demand effects. Higher loan supply reduces unemployment. Increasing the … between CHF 39,700 and CHF 52,400 per year. These costs are somewhat lower than unemployment benefits associated with the …
Persistent link: https://www.econbiz.de/10012268546
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 tests whether the impact of labour taxes on unemployment is symmetric with respect to increases and … component model to account for the fact that unemployment rates and labour taxes are non-stationary but not co integrated. We … rate of unemployment. For Anglo-Saxon countries, no impact of labour taxes on unemployment is found. …
Persistent link: https://www.econbiz.de/10004983005
the optimal policy can increase the volatility of unemployment significantly. Public sector wage and employment shocks … have mixed effects on unemployment. A wage shock raises the unemployment rate, while a reduction in the separations lowers … it. Hiring more people can increase or decrease the unemployment rate. All shocks raise the wage and crowd out employment …
Persistent link: https://www.econbiz.de/10010331074
This paper identifies the effect of variation in government-backed loan supply on unemployment exploiting regional …. This variation helps disentangling supply from demand effects. Higher loan supply reduces unemployment. Increasing the … between CHF 39,700 and CHF 52,400 per year. These costs are somewhat lower than unemployment benefits associated with the …
Persistent link: https://www.econbiz.de/10012609078