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Labor Misallocation Across Firms and Regions

Heise, Sebastian; Porzio, Tommaso - National Bureau of Economic Research - 2022

We develop a frictional labor market model with multiple regions and heterogeneous firms to study how frictions impeding labor mobility across space affect the joint allocation of labor across firms and regions. Bringing the model to matched employer-employee data from Germany, we find that...

Persistent link: https://www.econbiz.de/10013334515

Das IAB-INFORGE-Modell : ein neuer ökonometrischer Ansatz gesamtwirtschaftlicher und länderspezifischer Szenarien

Distelkamp, Martin (contributor); Dorsch, Martina (revision) - 2003

Persistent link: https://www.econbiz.de/10013278457

Labor Market Effects of Population Aging

Boersch-Supan, Axel - 2001

This paper analyzes effects of population aging on the labor market and determines their broad implications for public policy. It takes Germany as an example, but it equally applies to the other large economies in Continental Europe. The paper argues that, alongside the amply discussed,...

Persistent link: https://www.econbiz.de/10012470075

The Aggregate and Distributional Effects of Spatial Frictions

Heise, Sebastian; Porzio, Tommaso - National Bureau of Economic Research - 2021

We develop a general equilibrium model of frictional labor reallocation across firms and regions, and use it to quantify the aggregate and distributional effects of spatial frictions that hinder worker mobility across regions in Germany. The model leverages matched employer-employee data to...

Persistent link: https://www.econbiz.de/10012533341

The Global History of Corporate Governance : An Introduction

Morck, Randall K. - 2005

, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …

Persistent link: https://www.econbiz.de/10012467625

Fiscal Stance and the Real Exchange : Some Empirical Estimates

Clarida, Richard - 1999

fiscal surpluses in the US, the annual announcement of yet another fiscal stimulus package in Japan, and Maastricht limits on …

Persistent link: https://www.econbiz.de/10012471719

Monetary Policy in Japan, Germany and the United States : Does One Size Fit All?

Chinn, Menzie D. - 1997

We study the post-war evidence for Japan to see if the same specification for both the economy and the monetary policy … rule is useful for understanding Japan's economy and monetary policy. A recurrent theme in the literature on Japanese … that, with minor adjustments, the same specification provides a useful framework for understanding monetary policy in Japan …

Persistent link: https://www.econbiz.de/10012472722

Central Banks : Evolution and Innovation in Historical Perspective

Bordo, Michael D. - 2017

Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...

Persistent link: https://www.econbiz.de/10012453864

Central Bank Credibility : An Historical and Quantitative Exploration

Bordo, Michael D. - 2015

In this paper we provide empirical measures of central bank credibility and augment these with historical narratives from eleven countries. To the extent we are able to apply reliable institutional information we can also indirectly assess their role in influencing the credibility of the...

Persistent link: https://www.econbiz.de/10012457842

Central Bank Credibility, Reputation and Inflation Targeting in Historical Perspective

Bordo, Michael - 2014

This paper examines the historical evolution of central bank credibility using both historical narrative and empirics for a group of 16 countries, both advanced and emerging. It shows how the evolution of credibility has gone through a pendulum where credibility was high under the classical gold...

Persistent link: https://www.econbiz.de/10012457973

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