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The crisis and employment in Italy
Cingano, Federico; Torrini, Roberto; Viviano, Eliana - Banca d'Italia - 2010
The fall in employment and the increase in unemployment rates in Italy in 2009 were fairly modest, given the sharp drop …, the rise in the unemployment rate has been curbed by extensive recourse to temporary income support schemes to reduce …
Persistent link: https://www.econbiz.de/10008553017
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Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment: Theory and Evidence
Cukierman, A.; Lippi, F. - Banca d'Italia - 1998
wage, unemployment and inflation. This is done by considering a two-stage strategic interaction between a central bank (CB …
Persistent link: https://www.econbiz.de/10005640916
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Contrats Imbriqués, hétérogénéité et complémentarité stratégique
KEMPF, Hubert - Institut de Recherche Économique et Sociale (IRES), … - 1994
La Nouvelle Macroéconomie Keynésienne a récemment insisté sur les notions de complémentarité stratégique et de défauts de coordination. En particulier, l'hétérogénéité entre «répondants» et «non-répondants » a été perçue comme donnant un poids disproportionné aux «...
Persistent link: https://www.econbiz.de/10008550106
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Matching Models Under Scrutiny : Understanding the Shimer Puzzle
Gabriele, CARDULLO - Institut de Recherche Économique et Sociale (IRES), … - 2008
argued that a text-book matching model is unable to explain the cyclical variation of unemployment and vacancies in the U … impact of unemployment benefits on the hazard rate. In surveying the literature originated in these findings, I distinguish …
Persistent link: https://www.econbiz.de/10004984783
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A Real Business Cycle Model of the Phillips Curve
Rafael, Muñoz - Institut de Recherche Économique et Sociale (IRES), … - 1998
correlation between inflation and output, one of the more difficult moments to match for a cash-in-advance model. The model allows …
Persistent link: https://www.econbiz.de/10004985023
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Standard-of-Living Aspirations and Economic Cycles
de la Croix, David - Institut de Recherche Économique et Sociale (IRES), … - 2000
Past experiences and social forces have been incorporated into tastes in order to analyze various microeconomic issues. We use these extended preferences to model the making of standard-of-living aspirations and study their effect on macroeconomic variables. We concentrate first on consumption...
Persistent link: https://www.econbiz.de/10004985270
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Skilled and Unskilled Employment in a Spanish Business Cycle Model
Muñoz, Rafael - Institut de Recherche Économique et Sociale (IRES), … - 1999
We analyze to what extent skill heterogeneity in the labor market with different wage formation mechanisms can explain the features of the Spanish labor market. The model assumes two types of workers with differences in skills. Skilled labor sets wages in an efficiency way while unskilled labor...
Persistent link: https://www.econbiz.de/10004985274
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Performance pay and shifts in macroeconomic correlations
Nucci, Francesco; Riggi, Marianna - Banca d'Italia - 2011
A coincidence in time between the volatility break associated with the "Great Moderation" and large changes in the pattern of conditional and unconditional correlations between output, hours and labor productivity was detected by Gal� and Gambetti (2009). We provide a novel explanation for...
Persistent link: https://www.econbiz.de/10009019260
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Capital destruction, jobless recoveries, and the discipline device role of unemployment
Riggi, Marianna - Banca d'Italia - 2012
assess workers' performance, the discipline device role of unemployment may account for sharp declines in employment and … wages may prevail in equilibrium: the large movements in unemployment are indeed associated with real wage rigidity, which …
Persistent link: https://www.econbiz.de/10011099655