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Behebung eines Webfehlers : wie die Konjunkturkomponente demokratisch legitimiert und nachhaltiger werden könnte

Schuster, Florian; Sigl-Glöckner, Philippa - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 102 (2022) 11, pp. 826-829

The optimisation of the cyclical adjustment procedure under the German debt brake should focus on how to contribute to a democratically legitimate and sustainable fiscal policy. In this article, we discuss four criteria that should be satisfied: The method must (i) be sufficiently determined,...

Persistent link: https://www.econbiz.de/10013455734

The European Commission's new NAIRU : does it deliver?

Gechert, Sebastian; Rietzler, Katja; Tober, Silke - 2014

The NAIRU is a key component of potential output and as such critically affects output gap estimates. In May 2014, the … European Commission changed its specification of the NAIRU for several countries and lowered its NAIRU estimates - in the case … of Spain from 26.6% to 20.7% for 2015. To test the dependence of the new NAIRU on unemployment versus structural factors …

Persistent link: https://www.econbiz.de/10010458229

Reforming the labor market and improving competitiveness : an analysis for Spain using FiMod

Schwarzmüller, Tim; Stähler, Nikolai - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 4, pp. 437-471

This paper uses an extended version of “FiMod—A DSGE Model for Fiscal Policy Simulations” (Stähler and Thomas Econ Model 29:239–261, 2012) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish...

Persistent link: https://www.econbiz.de/10010223397

Reforming the labor market and improving competitiveness : an analysis for Spain using FiMod

Schwarzmüller, Tim; Stähler, Nikolai - 2011

This paper uses an extended version of “FiMod – A DSGE Model for Fiscal Policy Simulations” (Stähler and Thomas, 2011) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish economy. The main...

Persistent link: https://www.econbiz.de/10009389750

Reforming the Labor Market and Improving Competitiveness : An Analysis for Spain Using Fimod

Schwarzmüller, Tim - 2016

This paper uses an extended version of 'FiMod - A DSGE Model for Fiscal Policy Simulations' (Stähler and Thomas, 2011) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish economy. The main focus is...

Persistent link: https://www.econbiz.de/10012991021

The rise and fall of Swedish unemployment

Holmlund, Bertil - 2003

in NAIRU but do not appear as promising explanations of the events of the early 1990s. The fall in unemployment in the … NAIRU. …

Persistent link: https://www.econbiz.de/10011507743

Institutions and macroeconomic performance : central bank independence, labour market institutions and the perspectives for inflation and employment in the European Monetary Union

Hein, Eckhard - 2001

Starting from a Post-Keynesian model in which employment is determined by effective demand and the NAIRU is viewed as a … to prevent the rate of unemployment from falling below the NAIRU. But price stability also depends on labour market … institutions. Horizontally and vertically co-ordinated wage bargaining allows for a considerable reduction of the NAIRU and hence …

Persistent link: https://www.econbiz.de/10010486809

The Impact of Tax, Product and Labour Market Distortions on the Phillips Curve and the Natural Rate of Unemployment

Bokan, Nikola - 2010

Most people accept that structural and labour market reforms are needed in Europe. However few have been undertaken. The usual conjecture is that reforms are costly in economic performance and costly to finance. Blanchard and Giavazzi (2003) and Spector (2004) develop a general equilibrium model...

Persistent link: https://www.econbiz.de/10013135626

The Rise and Fall of Swedish Unemployment

Holmlund, Bertil - 2021

in NAIRU but do not appear as promising explanations of the events of the early 1990s. The fall in unemployment in the … NAIRU …

Persistent link: https://www.econbiz.de/10013319988

Inflexibilität des Arbeitsmarktes oder falsche makroökonomische Politik für deutsche Wachstumsschwäche und Arbeitslosigkeit verantwortlich?

Niemeier, Ernst - In: Labor markets and labor market policies between …, (pp. 243-267). 2010

Persistent link: https://www.econbiz.de/10008860439