Showing 1 - 10 of 58
recessions allows for a more general discussion on the impact of adjustment frictions in the dual labor market and the effects …
Persistent link: https://www.econbiz.de/10013326873
adoption of these policies, and the severity of the economic recessions. One year after the original ex-ante calibration, we …
Persistent link: https://www.econbiz.de/10013162400
A well‐established result in the literature is that Social Security reduces steady state welfare in a standard life cycle model. However, less is known about the historical quantitative effects of the program on agents who were alive when the program was adopted. In a computational life cycle...
Persistent link: https://www.econbiz.de/10012202816
recessions. …
Persistent link: https://www.econbiz.de/10012214377
The impact of the crisis in the Greek economy was not uniform among the regions, threatening socioeconomic cohesion. In this paper, we explore the concept of the income multiplier in a multi-regional input-output setting, in the context of the Greek recession, showing empirical evidence for the...
Persistent link: https://www.econbiz.de/10012256332
This paper studies the predictive power for recessions of the slope of the Swiss term structure using monthly data for … 1974-2017. Dynamic probit models indicate that the term structure contains information useful for predicting recessions for … horizons up to 19 months. Whether the economy is currently in recession or not is also useful for forecasting recessions. These …
Persistent link: https://www.econbiz.de/10012257468
conventional investment knowledge because the strategy takes relatively less risks in recessions, which rules out typical risk …
Persistent link: https://www.econbiz.de/10015358904
Countries in Central, Eastern and South Eastern Europe have been hit hard by the global crisis. There is a need to rethink the growth model because a return to thestatus quo antedoes not seem realistic.
Persistent link: https://www.econbiz.de/10015360085
Europe. Consistent with the view that firms use recessions as times to update skills, we find that training participation is … to be involved in public training programs during recessions, but not for the inactive, who may be affected by liquidity …
Persistent link: https://www.econbiz.de/10013368252
variables inflation and GDP (recessions) than with unemployment and more strongly associated with the concerns for fairness than …
Persistent link: https://www.econbiz.de/10014636069