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individuals and the prevailing unemployment rate in the country impact perceptions of the effectiveness of democracy. We find that … effectiveness of democracy as system of governance are also shaped by the unemployment rate in countries with low levels of … democracy. The results suggest that periods of high unemployment and joblessness would hinder the development of democracy …
Persistent link: https://www.econbiz.de/10008669948
individuals and the prevailing unemployment rate in the country impact perceptions of the effectiveness of democracy. We find that … system of governance are also shaped by the unemployment rate in countries with low levels of democracy. The results suggest … that periods of high unemployment and joblessness could hinder the development of democracy or threaten its existence …
Persistent link: https://www.econbiz.de/10003962521
individuals and the prevailing unemployment rate in the country impact perceptions of the effectiveness of democracy. We find that … system of governance are also shaped by the unemployment rate in countries with low levels of democracy. The results suggest … that periods of high unemployment and joblessness could hinder the development of democracy or threaten its existence …
Persistent link: https://www.econbiz.de/10013141785
This paper investigates why labors wouldnft be reallocated from contracting firms to expanding firms in the 1990s in Japan, focusing on the increase of zombie firms after the burst of the bubble economy. Main evidences are twofold. First, higher proportion of total industry labors by zombies...
Persistent link: https://www.econbiz.de/10005710057
This article develops a model of unemployment fluctuations. The model keeps the architecture of the general … affects unemployment as follows. An increase in aggregate demand leads firms to find more customers. This reduces the idle … time of their employees and thus increases their labor demand. This in turn reduces unemployment. We combine the …
Persistent link: https://www.econbiz.de/10011276088
This article develops a model of unemployment fluctuations. The model keeps the architecture of the general … affects unemployment as follows. An increase in aggregate demand leads firms to find more customers. This reduces the idle … time of their employees and thus increases their labor demand. This in turn reduces unemployment. We combine the …
Persistent link: https://www.econbiz.de/10013033114
I study the consumption responses of heterogeneous households following changes in both house prices and interest rates. I show the common assumption that household period utility is separable in housing and consumption can be consistent with the observed co-movement between these two series...
Persistent link: https://www.econbiz.de/10008764711
of aggregate unemployment in postwar data. While this range may seem wide it is an indication that the importance of …
Persistent link: https://www.econbiz.de/10010859833
We identify a ‘risk news' shock in a vector autoregression (VAR), modifying Barsky and Sims’s procedure, while incorporating sign restrictions to simultaneously identify monetary policy, technology and demand shocks. The VAR-identifed risk news shock is estimated to account for around 2%-12%...
Persistent link: https://www.econbiz.de/10010839036
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...
Persistent link: https://www.econbiz.de/10009647457