Search Results - subject:"labor frictions"

Non-compete agreements, wages and efficiency: theory and evidence from Brazilian football

Guimarães, Bernardo; Pessoa, João Paulo; Ponczek, Vladimir - 2021

Persistent link: https://www.econbiz.de/10012487249

Frictional Unemployment with Stochastic Bubbles

Vuillemey, Guillaume; Wasmer, Etienne - 2016

Bubbles are recurrent events, which contribute to both macroeconomic and employment volatility. We introduce stochastic bubbles in the standard search-and matching model of the labor market. The economy alternates between latent and bubbly states, each being associated with a distinct solution...

Persistent link: https://www.econbiz.de/10011559693

Frictional unemployment with stochastic bubbles

Vuillemey, Guillaume; Wasmer, Etienne - 2016

Persistent link: https://www.econbiz.de/10011543923

Assessing the empirical relevance of Walrasian labor frictions to business cycle fluctuations

Madeira, Joao - Business School, University of Exeter - 2013

be empirically important. Labor frictions are shown to have important implications to business cycle dynamics and … economic policy making. Labor frictions imply TFP shocks have a greater role in accounting for business cycle dynamics. Labor … frictions also imply fiscal policy to lead to a greater crowding out of private sector activity and monetary policy to be more e …

Persistent link: https://www.econbiz.de/10010883472

Preferential Trade Agreements and the Labor Market

Ornelas, Emanuel - Centre for Economic Performance, LSE - 2012

Labor market consequences are at the forefront of most debates on the merits of trade liberalization. Preferential trade agreements (PTAs) have become the primary form of trade liberalization in most countries, and several studies have shown that discriminatory and nondiscriminatory trade...

Persistent link: https://www.econbiz.de/10009421731

Long-Term Asset Price Volatility and Macroeconomics Fluctations

Iraola, Miguel Angel; Santos, Manuel S. - Centro de Investigación Económica (CIE), Departamento … - 2009

We analyze a stochastic growth model with lags in the operation of new technologies. Stock values are impacted by news on technological innovations and some other external shocks affecting the economy. Episodes of technology adoption may generate long fluctuations in the aggregate value of...

Persistent link: https://www.econbiz.de/10010538932

A New Keynesian Model with Overtime Labor

Madeira, Joao - Business School, University of Exeter - 2008

that labor frictions help reconcile the frequent price changes found in the microdata with the degree of sluggishness in … inflation adjustment to output changes at the macro level. The introduction of labor frictions affects the dynamic behavior of …

Persistent link: https://www.econbiz.de/10008862985