Similar Search Results

The effectiveness of economic policy and position in the cycle: The case of tax reductions on overtime in France

Heyer, Eric - Sciences économiques, Sciences Po - 2011

The economic situation of all the major developed countries has changed significantly during the 2007-2010 period. Yet many economic policies have been kept in place. This is true in particular of a key measure in French government policy: tax reductions on overtime hours and their exemption...

Persistent link: https://www.econbiz.de/10010764788

Efficacité de la politique économique et position dans le cycle: le cas de la défiscalisation des heures supplémentaires en France

Heyer, Eric - Centre de recherche en Économie (OFCE), Sciences … - 2010

Persistent link: https://www.econbiz.de/10008740260

The effectiveness of economic policy and position in the cycle: The case of tax reductions on overtime in France

Heyer, Eric - Department of Economics, Sciences économiques - 2011

Persistent link: https://www.econbiz.de/10010756875

In Search of the Natural Rate of Unemployment

King, Thomas B.; Morley, James C. - 2004

We use a structural-VAR model to estimate the steady-state rate of unemployment, which we define as the natural rate. Although nothing constrains it to do so, the natural rate measured by this approach implies a strong negative relationship between cyclical unemployment and inflation, adding to...

Persistent link: https://www.econbiz.de/10014068111

The dynamics of the NAIRU model with two switching regimes

Tramontana, Fabio; Gardini, Laura; Ferri, Piero - Facoltà di Economia, Università degli Studi di Urbino - 2010

We consider a model of inflation and unemployment proposed in Ferri et al. (JEBO, 2001), in which the dynamics are described by a discontinuous piecewise linear map, made up of two branches. We shall show that the bounded dynamics may be classified in two cases: we may have either regular...

Persistent link: https://www.econbiz.de/10008577220

Cambridge anticipations of the natural rate hypothesis? : Robertson and Champernowne revisited

Boianovsky, Mauro - 2018 - June 2018, first preliminary draft

The "natural rate hypothesis" is usually ascribed to ideas put forward by M. Friedman and E. Phelps between 1966 and 1968. It postulates that changes in nominal aggregate demand affect aggregate output because agents cannot temporarily distinguish relative from general price movements when they...

Persistent link: https://www.econbiz.de/10011854941

Comparing Semi-Structural Methods to Estimate Unobserved Variables: The HPMV and Kalman Filters Approaches

Boone, Laurence - Economics Department, Organisation de Coopération et … - 2000

Economists often seek to estimate unobserved variables, representing “equilibrium” or “expected” values of economic variables, as benchmarks against which observed, realised values of these variables may be evaluated. Such comparisons are often used as economic policy indicators, for...

Persistent link: https://www.econbiz.de/10005045689

Measuring the NAIRU: a complementary approach

De la Serve, M-E.; Lemoine, M. - Banque de France - 2011

Estimates of the Nairu generally suffer from a large uncertainty, which can be reduced by adopting a bivariate …, it appears that the Nairu can substantially differ from the unemployment trend. Second, relaxing the common trend …

Persistent link: https://www.econbiz.de/10009293540

Reassessing the NAIRUs after the Crisis

Guichard, Stéphanie; Rusticelli, Elena - Economics Department, Organisation de Coopération et … - 2011

since the late 1990s. Structural unemployment is defined as a time-varying NAIRU derived from the information contained in a … revisions in historical NAIRU estimated in 2008 after such a large labour market shock support the robustness of the OECD … la fin des années 1990. Le chômage structurel est défini comme à un NAIRU variant dans le temps et dérivé de l …

Persistent link: https://www.econbiz.de/10009394361

Time-varying Nairu and real interest rates in the Euro Area

Logeay, Camille; Tober, Silke - 2003

This paper analyses the Nairu in the Euro Area and the influence that monetary policy had on its development. Using the … Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique … explain a quarter of the increase in the Nairu between 1980 and 1995. This indicates the possibility of a long-run non …

Persistent link: https://www.econbiz.de/10010260669