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unemployment rate. I show that the connection between changes in the stock market and changes in the unemployment rate has remained … unemployment. …
Persistent link: https://www.econbiz.de/10011083701
distribution of firm characteristics, sorting patterns between firms and workers, and unemployment rates that can help explaining …
Persistent link: https://www.econbiz.de/10011083778
Labor market consequences are at the forefront of most debates on the merits of trade liberalization. Preferential trade agreements (PTAs) have become the primary form of trade liberalization in most countries, and several studies have shown that discriminatory and non-discriminatory trade...
Persistent link: https://www.econbiz.de/10011083833
wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital …
Persistent link: https://www.econbiz.de/10011083841
doubles when unemployment rises from 5% to 8%. Theoretically, such countercyclicality arises because of a nonlinearity, namely … in recessions but large in expansions. Hence, government consumption reduces unemployment much more in recessions than in …
Persistent link: https://www.econbiz.de/10011083889
This paper is based on presentation given at the June 2011 Conference of the Centre for Growth and Business Cycle Research at the University of Manchester. It reviews key features of the 2007-08 financial crisis, the subsequent 'great recession' and the European public debt problems; in the...
Persistent link: https://www.econbiz.de/10011083899
Central banks throughout the world predict inflation with new-Keynesian models where, after a shock, the unemployment …
Persistent link: https://www.econbiz.de/10011084150
This paper examines whether unemployment of non-western immigrant workers in the Netherlands was disproportionally … affected by the Great Recession. We analyze unemployment data covering the period November 2007 to February 2013 finding that … the Great Recession affected unemployment rates of non-western immigrant workers in absolute terms more than unemployment …
Persistent link: https://www.econbiz.de/10011084206
Recessions often happen after periods of rapid accumulation of houses, consumer durables and business capital. This observation has led some economists, most notably Friedrich Hayek, to conclude that recessions mainly reflect periods of needed liquidation resulting from past over-investment....
Persistent link: https://www.econbiz.de/10011084219
unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …
Persistent link: https://www.econbiz.de/10011084321