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: Harmonized Index of Consumer Prices (HICP), Gross Domestic Product (GDP) and unemployment (Unempl). The purpose of this study is … unemployment has been long discussed, starting with the famous idea of the Phillips curve that has evolved during time (M … have tried to find out whether, in the analyzed countries, there is a strong tradeoff between inflation and unemployment …
Persistent link: https://www.econbiz.de/10009650795
After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …
Persistent link: https://www.econbiz.de/10009421943
After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Luchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …
Persistent link: https://www.econbiz.de/10009645702
This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the … determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural … unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions result from …
Persistent link: https://www.econbiz.de/10009275596
After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …
Persistent link: https://www.econbiz.de/10014042089
2010-2018. Using Jordà's (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …
Persistent link: https://www.econbiz.de/10013453816
money supply, money velocity, and the unemployment rate. Thus, five parameters, i.e. weights assigned to the deviation in … the money velocity, and the deviation in unemployment rate, are introduced and estimated. The article explores and tests … weight to the deviation in unemployment rate, and moderate weights are assigned to the deviation in the inflation rate, the …
Persistent link: https://www.econbiz.de/10014316675
, weighing more on the jobless due to non-homotheticity and the inability to perfectly insure against unemployment spells. Rising … energy prices induce a novel precautionary saving motive: the consumption losses upon unemployment are increased …, and prevent workers from becoming more exposed to the shock through unemployment …
Persistent link: https://www.econbiz.de/10014354473
We investigate both theoretically and empirically how unemployment level and its growth affect future stock returns. We … find that both a higher unemployment rate and higher growth of unemployment positively predict future stock market returns … reinforce each other making stock returns exceptionally high in periods of high unemployment and high unemployment growth. Our …
Persistent link: https://www.econbiz.de/10014352081
2010-2018. Using Jordà’s (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …
Persistent link: https://www.econbiz.de/10014241612