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Almost all institutions - employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … persistent unemployment in Europe. US labor market institutions, assumed to leave markets unfettered, became the benchmark for … unemployment has shielded away from the policy of central banks. Actually, however, the institutional setup regarding monetary …
Persistent link: https://www.econbiz.de/10010291094
In the long history of rising and persistent unemployment in Europe almost all institutions - employment protection … legislation, unions, wages, wage structure, unemployment insurance, etc. - have been alleged and found guilty to have caused this … identified as more plausible causes for rising equilibrium unemployment in Europe. Monetary policy has managed to be regarded as …
Persistent link: https://www.econbiz.de/10010291100
Almost all institutions - employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … persistent unemployment in Europe. US labor market institutions, assumed to leave markets unfettered, became the benchmark for … unemployment has shielded away from the policy of central banks. Actually, however, the institutional setup regarding monetary …
Persistent link: https://www.econbiz.de/10005434830
Almost all institutions – employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … that the Bank did not actively fight recessions, but that it dampened recovery periods. -- Production ; Employment … persistent unemployment in Europe. US labor market institutions, assumed to leave markets unfettered, became the benchmark for …
Persistent link: https://www.econbiz.de/10003836155
growth would have kept German unemployment at lower levels. -- Production ; Employment ; Unemployment ; Monetary Policy …In the long history of rising and persistent unemployment in Europe almost all institutions – employment protection … legislation, unions, wages, wage structure, unemployment insurance, etc. – have been alleged and found guilty to have caused this …
Persistent link: https://www.econbiz.de/10003836935
attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …
Persistent link: https://www.econbiz.de/10013308104
attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …
Persistent link: https://www.econbiz.de/10013308254
attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …
Persistent link: https://www.econbiz.de/10013308255
The paper extends a standard semi-structural model to account for nonlinear and asymmetric effects of monetary policy credibility. In our setting, central bank credibility is proportional to the deviation of inflation expectations from the announced inflation target, with positive deviations...
Persistent link: https://www.econbiz.de/10013315093
We show that firms' nominal required returns to capital (i.e., their discount rates) are sticky with respect to expected inflation. Such nominally sticky discount rates imply that increases in expected inflation directly lower firms' real discount rates and thereby raise real investment. We...
Persistent link: https://www.econbiz.de/10014512092