The competitive advantage of companies is increasingly focused on Intellectual Capital (IC) and on its management. Factors such as skills, innovation, stakeholders’ relation, development and sharing of knowledge have become key success factors. These aspects are important for Local Public...

This paper evaluates the theoretical and empirical evidence that bears on the question of whether globalization and petrodollars recycling contributed to significant changes in inflation performance in the U.S. We assume that the impact of globalization can be direct and indirect. Direct impact...

In this paper we analyze a mechanism that is particularly relevant to the workings of the Great Recession: we explain how easier home fi?nancing and higher homeownership rates increase unemployment rates. To this purpose we build a model of job search with liquid wealth accumulation and...

"This paper investigates the role of mismatch between job seekers and job openings for the forecasting performance of a labor market matching function. In theory, higher mismatch lowers matching efficiency which increases the risk that the vacancies cannot be filled within the usual period of...

In this paper, the role of matching efficiency (equivalently, mismatch) at the aggregate level in driving unemployment fluctuations is estimated using a TVP-SVAR model. Modelling mismatch at the aggregate level sidesteps the problematic implicit assumption of orthogonality of sources of mismatch...

Convention specifies the relationship between price and unemployment in terms of the Phillips curve (PC) where inflation and the rate of unemployment are correlated. This paper argues that the relationship is ambiguous. In the aggregate supply (AS) curve, price and output are both in levels at a...

Article seeks to extend the Standard Gordon's " Triangle " model with demand shocks. The demand shocks are represented by a newly derived Current discount indicator (CDI). The recession on the labour market in Hungary and Poland was influenced by the growth of future consumption preferences of...

We apply a novel measure of intergenerational mobility (IM) developed by Güell, Rodríguez Mora, and Telmer (2014) to a rich combination of Italian data allowing us to produce comparable measures of IM of income for 103 Italian provinces. We then exploit the large heterogeneity across Italian...

Increases in female employment and falling fertility rates have often been linked to rising female wages. However, over the last 30 years the US total fertility rate has been fairly stable while female wages have continued to grow. Over the same period, we observe that women's hours spent on...

Two measures of economic activity are unemployment rates and employment-to-population ratios. Both measures provide policy-makers with information regarding local labor markets. Typically the unemployment rate has been the measure of choice. We estimate a simultaneous equations model to...