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Switzerland, traditionally a "zero unemployment" economy, has seen an unprecedented rise in joblessness in the 1990s … although unemployment fell again to a rather low level after 1997. This paper tests whether Switzerland experienced a negative … shock and find that they were rigid, which can explain the relative unemployment increase for this group. Finally, I test …
Persistent link: https://www.econbiz.de/10013320118
unemployment. Moreover, the wage sweep-ups caused by nominal rigidity are strongly correlated with unemployment suggesting that … downward rigidity of nominal wages indeed contributes to unemployment …
Persistent link: https://www.econbiz.de/10013321298
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …
Persistent link: https://www.econbiz.de/10012999021
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage … efficient separations that holds in leading theories of job separations, frictional unemployment, and job ladders. We draw on …
Persistent link: https://www.econbiz.de/10014325070
labor more important for unemployment. I differentiate jobs based on their hiring pool and estimate their wage cyclicality …. The key finding is that wages in jobs hiring from unemployment are half as cyclical as wages in other jobs, for both … incumbent workers and new hires. To measure the effects of this on unemployment volatility, I develop a labor search model with …
Persistent link: https://www.econbiz.de/10014359056
, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …
Persistent link: https://www.econbiz.de/10013168711
' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …
Persistent link: https://www.econbiz.de/10013347209
Using a New Keynesian Phillips curve, we document the rapid and persistent increase in the natural rate of unemployment …, 𝑢𝑡 ∗ , in the aftermath of the pandemic and characterize its implications for inflation dynamics. While the bulk of the … inflation surge is attributed to temporary supply factors, we also find an important role for current and expected negative …
Persistent link: https://www.econbiz.de/10014501075
increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …
Persistent link: https://www.econbiz.de/10003323028
. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and … exhibits a strong potential for the method used. -- Google ; internet ; keyword search ; search engine ; unemployment …
Persistent link: https://www.econbiz.de/10003859346