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other development goals in the past. In the midst of the current global crisisoften referred to as the Great Recession …
Persistent link: https://www.econbiz.de/10010266534
The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and …
Persistent link: https://www.econbiz.de/10015063564
This paper draws on household survey data from countries of all income levels to measure how average unemployment rates … vary with income per capita. We document that unemployment is increasing with GDP per capita. Furthermore, we show that … this fact is accounted for almost entirely by low-educated workers, whose unemployment rates are strongly increasing in GDP …
Persistent link: https://www.econbiz.de/10011926041
made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …
Persistent link: https://www.econbiz.de/10009774315
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …
Persistent link: https://www.econbiz.de/10010202667
about internal and external transmission mechanisms that ultimately caused unemployment to increase rapidly over this period … the crisis. The authors find that the strongly increasing real bond rate and unemployment rate together with a … adjustment somewhere in the system except for inflation rate. Unemployment took the burden of adjustment when the bond rate sky …
Persistent link: https://www.econbiz.de/10011901871
about internal and external transmission mechanisms that ultimately caused unemployment to increase rapidly over this period … the crisis. The authors find that the strongly increasing real bond rate and unemployment rate together with an … adjustment somewhere in the system except for inflation rate. Unemployment took the burden of adjustment when the bond rate sky …
Persistent link: https://www.econbiz.de/10011963143
-term unemployment rates, leading to the need to reform labour market institutions and make them more flexible. Flexible labour markets … employment and unemployment) but also to reduce the negative impacts on labour market of structural shocks. If we focus on the …, the countries with the best results in terms of unemployment and employment would have been those that had a more flexible …
Persistent link: https://www.econbiz.de/10011927085
the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical … unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that … from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and …
Persistent link: https://www.econbiz.de/10012214516
Most economists maintain that the labor market in the United States (and elsewhere) is 'tight' because unemployment … rates are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn't been since …
Persistent link: https://www.econbiz.de/10013342929