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Industry Dynamics with Stochastic Demand

Bergin, James; Bernhardt, Dan - 2006

evolves stochastically over time. Each period, each firm, given the aggregate demand shock, the productivity of its technology …

Persistent link: https://www.econbiz.de/10011940662

The Dynamics of Sectoral Labour Adjustment

Tapp, Stephen - 2007

through a reservation wage effect. Second, a positive productivity shock causes firms to invest more resources in innovation …

Persistent link: https://www.econbiz.de/10011940755

Supply- and demand-side factors in global banking

Amiti, Mary; McGuire, Patrick; Weinstein, David E. - 2017

What is the role of supply and demand forces in determining movements in international banking flows? Answering this question is crucial for understanding the international transmission of financial shocks and formulating policy. This paper addresses the question by using the method developed in...

Persistent link: https://www.econbiz.de/10011942763

Interest premium and economic growth: the case of CEE

Baksa, Dániel; Kónya, István - 2017

This paper views the growth and convergence process of the four Visegrad economies - the Czech Republic, Hungary, Poland and Slovakia - through the lens of the open economy, stochastic neoclassical growth model. We use a unified framework to understand both the long-run convergence path and...

Persistent link: https://www.econbiz.de/10011944909

The Rise and Fall of Swiss Unemployment: Relative Demand Shocks, Wage Rigidities, and Temporary Immigrants

Puhani, Patrick A. - 2003

relative net demand shock against the low skilled (like the US) during this period. It turns out that only workers with an … educational level below apprenticeship were affected by such a shock. Furthermore, I test whether wages reacted flexibly to this … 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/10010262112

Inflation Adjustment and Labour Market Structures : Evidence from a Multi-Country Study

Nunziata, Luca; Bowdler, Christopher - 2005

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of movements in unemployment, import prices, tax rates...

Persistent link: https://www.econbiz.de/10010262222

The Impact of the Unemployment Benefit System on International Spillover Effects

Beissinger, Thomas; Büsse, Oliver - 2003

labor demand and the wage bargaining process. The analysis of the interaction of shock spillovers and benefit system focuses …

Persistent link: https://www.econbiz.de/10010262240

Labour Mobility - An Adjustment Mechanism in Euroland?

Puhani, Patrick A. - 1999

highest in Germany, followed by France, and Italy. However, even in Germany, the accommodation of a shock to unemployment by …

Persistent link: https://www.econbiz.de/10010262267

Wage Rigidities in Western Germany?

Puhani, Patrick A. - 2001

This paper investigates whether and in what sense the west German wage structure has been ?rigid? in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...

Persistent link: https://www.econbiz.de/10010262540

Bismarck versus Beveridge: Which Unemployment Compensation System is More Prone to Labor Market Shocks?

Beissinger, Thomas; Buesse, Oliver - 2001

market shock is provoked in the home country or originates from abroad. We also point out how our results extend to two …

Persistent link: https://www.econbiz.de/10010262567