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This paper uses a unique personnel data set and state administrative data to follow welfare and nonwelfare hires who separate from similar jobs with the same firm. Welfare hires are more likely to separate from their job and are more likely to be on welfare after separation compared with...
Persistent link: https://www.econbiz.de/10010397649
The authors use a Bayesian Markov chain Monte Carlo algorithm to estimate a model that allows temporary gaps between a true expectational Phillips curve and the monetary authority’s approximating nonexpectational Phillips curve. A dynamic programming problem implies that the monetary...
Persistent link: https://www.econbiz.de/10010397653
The purpose of this paper is to determine whether workers’ commitment to the labor force declined after 9/11, as many popular press accounts at the time suggested it would. The results indicate that any measured decline in hours spent working was the result of economic conditions rather than...
Persistent link: https://www.econbiz.de/10010397663
their analysis bank-specific risk variables as measures of cross-sectional derived deposit demand. The authors find that … when bank-specific risk variables are included in the analysis the magnitude of the relationship between deposit rates and … between a bank’s risk profile and the structure of the market in which it operates. These results suggest that it may be …
Persistent link: https://www.econbiz.de/10010397667
estimation indicates that a 10 percent drop in the land price leads to a 0.34 percentage point increase in the unemployment rate …
Persistent link: https://www.econbiz.de/10010397671
We add the Bernanke-Gertler-Gilchrist model to a world model consisting of the US, the Eurozone and the Rest of the World in order to explore the causes of the banking crisis. We test the model against linear-detrended data and reestimate it by indirect inference; the resulting model passes the...
Persistent link: https://www.econbiz.de/10010397719
. However, directed bank lending and direct government spending was used to supplement monetary policy to aggressively offset …
Persistent link: https://www.econbiz.de/10010397727
We explain a puzzle from two recent meta-analyses that cover 25 countries and claim to show that inputs systematically move from higher-value to lower-value activities despite strong aggregate labor productivity growth (ALP). These papers use variants of the Baily, Hulten and Campbell (1992)...
Persistent link: https://www.econbiz.de/10010397786
In diesem Aufsatz wird die nichtparametrische Autoregression auf die Prognose von Quantilen angewendet. Verfahren der Kernregression werden benutzt, um zu autoregressiven Quantiisschätzern zu gelangen. Da die üblichen Maße zur Beurteilung der Prognose, wie etwa der mittlere quadratische...
Persistent link: https://www.econbiz.de/10010397885
The purpose of this paper is twofold. On the one hand it aims at extending King-Fullerton methodology to a larger scope of liabilities and primarily, in the empirical section of the paper, to statutory charges associated to labour costs, basically employers' contributions to social security....
Persistent link: https://www.econbiz.de/10010398078