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regulatory conditions on immigrant-native gaps across four outcomes; unemployment, monthly earnings, underemployment, and … unemployment and underemployment. A higher union density appears to suppress wage differences across some immigrant groups, rather … than in comparison to natives. …
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with different equilibria descriptive of the labor markets in Spain and France, where the unemployment rates went from the … unemployment rate in Spain has jumped to much higher levels while switching between equilibria or, what is the same, because of …This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting …
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We simulate a version of the EAGLE, a New Keynesian multi-country model of the world economy, to assess the macroeconomic effects of US tariffs imposed on one country member of the euro area (EA), and the rest of the world (RW). The model is augmented with an endogenous effective lower bound...
Persistent link: https://www.econbiz.de/10012241231
The business cycle is alive and well, and real variables respond to it more or less as they always did. Witness the Great Recession. In ation, in contrast, has gone quiescent. This paper studies the sources of this disconnect using VARs and an estimated DSGE model. It finds that the disconnect...
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