labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that …

labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that …

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …

labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that …

labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that …

This paper shows how fiscal policy affects unemployment in a New Keynesian model with search and matching frictions and …. Several findings stand out. First, unemployment mult ipliers for spending and consumption tax cuts are substantial, even …

stand out. First, fiscal rules enhance the positive effects of discretionary fiscal policy on output and unemployment if …