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Lancaster, David; Tulip, Peter - 2015

Persistent link: https://www.econbiz.de/10013259543

Endogenous growth, skill obsolescence and output hysteresis in a New Keynesian model with unemployment

Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2021

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …

Persistent link: https://www.econbiz.de/10012416294

Endogenous growth, skill obsolescence and output hysteresis in a New Keynesian model with unemployment

Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2020

Persistent link: https://www.econbiz.de/10012269664

A dynamic version of Okun's law in the EU15 countries - the role of delays in the unemployment-output nexus

Obst, Thomas - 2019 - Version: August 2019

law with a focus on the dynamic part of the relationship. We find that the negative relationship between unemployment and … misspecification of the short run unemployment-output relationship. A mixed lag structure indirectly controls for missing explanatory …

Persistent link: https://www.econbiz.de/10012040048

Assessing Australian monetary policy in the twenty-first century

Gross, Isaac; Leigh, Andrew - 2022

Using the Reserve Bank of Australia's MARTIN model we compare actual monetary policy decisions to a counterfactual in which the cash rate is set according to an optimal simple rule. We find that monetary policy played a crucial role in avoiding a potential recession in 2001 and mitigating the...

Persistent link: https://www.econbiz.de/10013373260