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van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2005

. Furthermore, they fail to allow for quantity rationing and to model unemployment as a catastrophic event. The macroeconomics based …

Persistent link: https://www.econbiz.de/10005504355

Financial Shocks, Unemployment, and Public Policy

Driffill, John - C.E.P.R. Discussion Papers - 2013

This paper is based on presentation given at the June 2011 Conference of the Centre for Growth and Business Cycle Research at the University of Manchester. It reviews key features of the 2007-08 financial crisis, the subsequent 'great recession' and the European public debt problems; in the...

Persistent link: https://www.econbiz.de/10011083899

Macroeconomic Equilibrium and Reform in a Transitional Economy

Dixon, Huw David - C.E.P.R. Discussion Papers - 1993

rationing. An `almost Classical' dichotomy obtains in the model: monetary expansion leaves output and unemployment unchanged … (despite the existence of unemployment), though leisure time declines. The economy displays a high degree of complementarity …

Persistent link: https://www.econbiz.de/10005067476

Imperfect Competition and Macroeconomics: A Survey

Dixon, Huw David; Rankin, Neil - C.E.P.R. Discussion Papers - 1992

theory of monetary and fiscal policy. A general framework is presented which encompasses most of the existing literature …

Persistent link: https://www.econbiz.de/10005661642

Search and Matching in Macroeconomics

Yashiv, Eran - C.E.P.R. Discussion Papers - 2006

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses its extensions, presents alternative formulations, considers the empirical evidence, and studies applications to macroeconomic questions such as business cycles, growth, and...

Persistent link: https://www.econbiz.de/10005792066

The Cost of Banking Regulation

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2006

We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was higher and - contrary to expectations- access to...

Persistent link: https://www.econbiz.de/10005792358

Two Monetary Tools: Interest Rates and Haircuts

Ashcraft, Adam; Garleanu, Nicolae Bogdan; Pedersen, … - C.E.P.R. Discussion Papers - 2010

We study a production economy with multiple sectors financed by issuing securities to agents who face capital constraints. Binding capital constraints propagate business cycles, and a reduction of the interest rate can increase the required return of high-haircut assets since it can increase the...

Persistent link: https://www.econbiz.de/10008642875

The Effects of the Tax-Benefit System on UK Unemployment: A Microeconomic Analysis

Beenstock, Michael - C.E.P.R. Discussion Papers - 1987

influence of tax-benefit reforms on unemployment using an equation that attaches a moderately strong prior belief to the theory. …Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and … characteristics of the households in the survey and unemployment rates in the industries in which the households usually work. The …

Persistent link: https://www.econbiz.de/10005504221

Wage and Employment Effects of Immigration to Germany: An Analysis Based on Local Labour Markets

Pischke, Jörn-Steffen; Velling, Johannes - C.E.P.R. Discussion Papers - 1994

previous level. Especially for unemployment we find large effects of an increased foreign share. We conjecture that these … results might be spurious. Foreigners tend to be concentrated in lower unemployment areas but unemployment tends to be mean … unemployment. Taking account of the mean reversion in unemployment we find no detrimental effect of immigration. Similar results …

Persistent link: https://www.econbiz.de/10005504240

The Poverty Trap and the Laffer Curve: What Can the GHS Tell Us?

Ashton, Paul; Minford, Patrick - C.E.P.R. Discussion Papers - 1988

elasticities for those who experienced unemployment during the previous year and those on higher incomes; for average employed men …

Persistent link: https://www.econbiz.de/10005504260