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. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …
Persistent link: https://www.econbiz.de/10010744873
We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high … by developed nations in the last twenty years, substantially amplify the impact on the domestic unemployment rate of …
Persistent link: https://www.econbiz.de/10010744954
I develop a New Keynesian model in which a type of government multiplier doubles when unemployment rises from 5 percent … unemployment is high, the increase in tightness and resulting crowding-out are small. …
Persistent link: https://www.econbiz.de/10010745284
This paper is motivated by the lack of any obvious relationship between aggregate poverty and unemployment in Great … Britain. We derive a framework based on individuals' risks of unemployment and poverty, and how these vary over the economic … unemployment matters for poverty - with the macro picture - that there's no strong link. We then go on to identify which household …
Persistent link: https://www.econbiz.de/10011126573
allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0 … search process than the unemployed. Thus, we show that, rather than contributing to unemployment, creative destruction …
Persistent link: https://www.econbiz.de/10010744813
European regions have experienced a polarisation of their unemployment rates between 1986 and 1996, as regions with …
Persistent link: https://www.econbiz.de/10010884644
finds equivocal effects on other aggregate outcomes, such as employment and unemployment. Given weaknesses in the …
Persistent link: https://www.econbiz.de/10010744832
Persistent link: https://www.econbiz.de/10005776291
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