In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabilization policies, the paper studies the long-term effects of economic slowdowns. We construct a discrete-time endogenous growth model, in which a recession, defined as a reduction in resource...

This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data...

A cikk 12 ország és az Európai Unió - főleg kvantitatív, ezen belül többszektoros modellekre építő - munkapiaci előrejelzési gyakorlatát tekinti át, elsősorban kiinduló pontot és összehasonlítási mércét nyújtva a hasonló hazai előrejelzési munkákhoz. A kvantitatív...

This paper investigates the role of structural imbalance between job seekers and job openings for the forecasting performance of a labour market matching function. Starting from a Cobb-Douglas matching function with constant returns to scale (CRS) in each frictional micro market shows that on...

Der Zusammenhang zwischen Lohn- und Beschäftigungsentwicklung ist eine theoretisch umstrittene Frage. Die verschiedenen Denkschulen stimmen nicht nur bezüglich der Größenordnungen der Effekte nicht überein, sondern ziehen zum Teil auch unterschiedliche Wirkungskanäle heran und betrachten...

Contrary to the number of unemployed or vacancies, the number of employees subject to social security contribu-tions (SSC) for Germany is published after a time lag of 2 months. Furthermore, there is a waiting period of 6 months until the values are not revised any more. This paper uses monthly...

This paper aims to investigate the long-run and short-run dynamics of important determinants of child labor at macroeconomic level in the case of Pakistan. The import distinction of this paper is that it is the first attempt to investigate the long-run and short-impacts of determinants of child...

Contrary to the number of unemployed or vacancies, the number of employees subject to social security contribu-tions (SSC) for Germany is published after a time lag of 2 months. Furthermore, there is a waiting period of 6 months until the values are not revised any more. This paper uses monthly...

The IMF's Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The results suggest that structural reforms in core...

In this study, we propose a quantitative evaluation on employment of payroll tax subsidies for low-wage workers with the macroeconomic model of the OFCE emod.fr. We evaluate that this measure creates 500,000 jobs after five years, but induces a cost to public finances. If we were to fund ex post...