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Batini, Nicoletta; Greenslade, Jennifer V. - 2003

This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the …-run NAIRU measures prove helpful in predicting inflation and we demonstrate their usefulness in Taylor-type policy rules for the …

Persistent link: https://www.econbiz.de/10011517881

Neues von der NAIRU?

Franz, Wolfgang - 2000

This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for the West … German Economy 1980 to 1998. The novelty of the paper is the estimation of a time-varying NAIRU for West Germany employing …, the NAIRU for 1998 is estimated to lie between 7.9 and 8.5 percent. However, based on a presentation of the theoretical …

Persistent link: https://www.econbiz.de/10013428346

Will the (German) NAIRU please stand up?

Franz, Wolfgang - 2003

Persistent link: https://www.econbiz.de/10013428567

Fiscal austerity, unemployment and family firms

Munkacsi, Zsuzsa - 2015

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian framework with search and matching frictions, and, as an innovation, in the presence of sectoral heterogeneity. Family and non-family firms behave differently in the labor market and...

Persistent link: https://www.econbiz.de/10010516542

The employment effects of countercyclical infrastructure investments

Buchheim, Lukas; Watzinger, Martin - 2017

We estimate the causal impact of a sizable German infrastructure investment program on employment at the county level. The program focused on improving the energy efficiency of school buildings, making it possible to use the number of schools as an instrument for investments. We find that the...

Persistent link: https://www.econbiz.de/10011626715

Job creation in tight and slack labor markets

Buchheim, Lukas; Watzinger, Martin; Wilhelm, Matthias - 2019

Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and across space, we find that photovoltaic installations...

Persistent link: https://www.econbiz.de/10012033285

Consumption taxation to finance pension payments

Ruppert, Kilian; Schön, Matthias; Stähler, Nikolai - 2021

This paper assesses how a permanent shift from financing a public pay-as-you-go pension by direct (labour income) taxation towards financing it by indirect(consumption) taxation affects the economy and welfare. To this end, we use anoverlapping-generations-augmented two-region general...

Persistent link: https://www.econbiz.de/10012792525

Short-time work and precautionary savings

Dengler, Thomas; Gehrke, Britta; Zessner-Spitzenberg, … - 2025

During the Covid-19 crisis, most OECD countries used short-time work (subsidized reductions in working hours) to preserve employment. This paper documents that short-time work affects the behavior of firms (supply) and households (demand). First, using household survey data from Germany, we show...

Persistent link: https://www.econbiz.de/10015398464

Fiscal policy and the assessment of output gaps in real time : an exercise in risk management

Larch, Martin; Cugnasca, Alessandro; Kumps, Diederik; … - 2019

Fiscal policymakers are expected to conduct countercyclical policies to mitigate cyclical fluctuations of output, but the assessment of cyclical conditions in real time is subject to considerable uncertainty. They face two types of risk: (i) launching discretionary measures to support or dampen...

Persistent link: https://www.econbiz.de/10011999053

Jobs. Jobs? Jobs! : Orientierungshilfen für den Weg zu mehr Beschäftigung

Fitzenberger, Bernd; Franz, Wolfgang - 2000

Die Bekämpfung der Arbeitslosigkeit genießt oberste wirtschaftspolitische Priorität - dieser Feststellung wird kaum jemand widersprechen wollen. Eher scheiden sich die Geister an der Frage nach dem "wirklichen" quantitativen Ausmaß der Unterbeschäftigung, ihren Ursachen und welche...

Persistent link: https://www.econbiz.de/10013428343