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Technology shocks and robust sign restrictions in a euro area SVAR

Peersman, Gert; Straub, Roland - 2004

This paper provides evidence for the impact of technology, labor supply, monetary policy and aggregate spending shocks on hours worked in the Euro area. The evidence is based on a vector autoregression identiﬁed using sign restrictions that are consistent with both sticky price and real...

Persistent link: https://www.econbiz.de/10009639427

Time variation in U.S. wage dynamics

Hofmann, Boris; Peersman, Gert; Straub, Roland - 2010

This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be linked to the monetary policy regime. Before and after the...

Persistent link: https://www.econbiz.de/10009640310

Who bears the cost of the business cycle? : labor-market institutions and volatility of the youth unemployment rate

Kawaguchi, Daiji; Murao, Tetsushi - In: IZA Journal of Labor Policy 1 (2012), pp. 1-22

paper examines the effect of labor-market institutions on the fluctuations of age-specific unemployment rates based on panel …The way age-specific unemployment rates fluctuate over the business cycle differs significantly across countries. This … existing workforce induces the employment adjustment of new entrants into the labor market. -- unemployment ; labor market …

Persistent link: https://www.econbiz.de/10010118881