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This paper is aimed at investigating the effects of government intervention through unemployment benefits on …
Persistent link: https://www.econbiz.de/10010210551
This paper studies the theoretical effects of changes in disaster risk on macroeconomic variables in five Latin American economies. It compares country-specific variants of the New Keynesian model with disaster risk developed by Isoré and Szczerbowicz (2017). Countries with higher price...
Persistent link: https://www.econbiz.de/10011853521
Persistent link: https://www.econbiz.de/10014288257
We study the statistical relationship between the world business cycle and the global temperature cycle. To amplify the signal-to-noise ratio, we estimate a two-state latent dynamic process from the original data using the endogenous regime-switching methodology. Subsequently, we apply a...
Persistent link: https://www.econbiz.de/10015196386
We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...
Persistent link: https://www.econbiz.de/10012242326
The labour supply has historically been subject to influence from the economic cycle. On the other hand, there is a paucity of research in the Latin American region examining the impact of social factors on labour participation in diverse contexts. This study examines the spatial dependence of...
Persistent link: https://www.econbiz.de/10015198408
The misery index (the unweighted sum of unemployment and inflation rates) was probably the first attempt to develop a … improved version of the index, mainly based on output and unemployment. Specifically, this new Okun's index measures the level … gap in growth rate terms; and (3) cyclical unemployment. This dynamic approach differs substantially from the standard one …
Persistent link: https://www.econbiz.de/10010490406
The Spanish economy was the most hit by the Great Recession. It suffered a greater decrease in the gross domestic … coincided with a huge increase in unemployment. Therefore, our main objective is to investigate the moderating role of exports …
Persistent link: https://www.econbiz.de/10012887150
differences between the Great Recession and the start of the COVID-19 Recession. In the Great Recession, the loss in aggregate … temporary contracts. In contrast, in the early stages of the COVID-19 Recession, approximately sixty percent of the drop in …
Persistent link: https://www.econbiz.de/10013326873
domestic to tradable industries. This leads to a loss in industry specific human capital, causing a jump in unemployment. The …
Persistent link: https://www.econbiz.de/10010533135