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The impact of uncertainty and financial shocks in recessions and booms
Salzmann, Leonard - 2020
The literature has widely discussed the role of financial and economic uncertainty shocks for the macroeconomy. However, it has turned out to be difficult to isolate these shocks from financial market indicators and uncertainty proxies because any identifying restriction on their response...
Persistent link: https://www.econbiz.de/10012429635
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Credit, asset prices and business cycles at the global level
Dées, Stéphane - 2015
This paper assesses the role of financial variables in real economic fluctuations, in view of analysing the link between financial cycles and business cycles at the global level. A Global VAR modelling approach, which has been proved suitable for modelling country or regional linkages, is used...
Persistent link: https://www.econbiz.de/10011476350
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A beveridge curve decomposition for Austria : what drives the unemployment rate?
Christl, Michael - 2019
shift. While some have argued that the shift was caused by a supply shock due to labour market liberalization, others have … the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in … Austria after 2011 can indeed be attributed to a supplyside shock. But, contrary to other research, our analysis shows that …
Persistent link: https://www.econbiz.de/10012285972
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Marriage and divorce under labor market uncertainty
Holzner, Christian; Schulz, Bastian - 2019 - Preliminary version
partners in the marriage market and switch between employment and unemployment in the labor market. In the marriage market …, individuals match assortatively on education and draw a match-specific shock component representing mutual affection. Divorces can … labor market divorces triggered by unemployment has decreased significantly. …
Persistent link: https://www.econbiz.de/10012304704
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Productivity in the Spanish regions during the recent economic cycles
Sosvilla-Rivero, Simón - 2011 - Very preliminary version, June 2011
The Spanish regions are facing a severe recession caused by the international financial crisis that has overlapped with the correction that had been recorded in the property market, which has led to a sharp drop in economic activity and a rapid destruction process employment. In these...
Persistent link: https://www.econbiz.de/10011555811
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Are more severe recessions followed by stronger recoveries? : evidence from the Mexican states employment
Mejía Reyes, Pablo; Vergara-González, Reyna - 2015
On the basis of the suggestions of Friedman (1969, 1993) and Moore (1965) and considering the framework proposed by Balke and Wynne (1994, 1995), this paper evaluates whether recoveries growth depends on the characteristics of prior recessions (depth, steepness and duration) in the case of the...
Persistent link: https://www.econbiz.de/10011477197
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The financial accelerator in the euro area : new evidence using a mixture VAR model
Bennani, Hamza; Burgard, Jan Pablo; Neuenkirch, Matthias - 2021 - First draft: November 23, 2020 ; this version: May 17, 2021
We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy transmission can be described as mixture of two states (e.g.,...
Persistent link: https://www.econbiz.de/10013328355
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Firm heterogeneity and regional business cycles differentials
Basile, Roberto; De Nardis, Sergio; Pappalardo, Carmine - 2012
This study represents a first attempt to empirically analyze the role of firm heterogeneity in regional business cycle behaviour. Working with monthly Italy's firms data and estimating a random effects ordered probit model, we first document sizable asymmetries in Northern and Southern firms...
Persistent link: https://www.econbiz.de/10011522570
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Downskilling : changes in employer skill requirements over the business cycle
Sasser, Alicia; Shoag, Daniel W.; Ballance, Joshua - In: Labour economics : official journal of the European … 41 (2016), pp. 333-347
Persistent link: https://www.econbiz.de/10011703563
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Are PIIGS so different? : an empirical analysis of demand and supply shocks
Syssoyeva-Masson, Irina; Andrade, João de Sousa - In: Panoeconomicus 64 (2017) 2, pp. 189-222
Persistent link: https://www.econbiz.de/10011724004