Showing 1 - 10 of 297
This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the … employment losses, especially in some sectors. The extent to which the rise in unemployment and particularly long …-term unemployment reflects growing mismatch across euro area labour markets is one of the biggest questions facing euro area labour …
Persistent link: https://www.econbiz.de/10011605631
This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the … employment losses, especially in some sectors. The extent to which the rise in unemployment and particularly long …-term unemployment reflects growing mismatch across euro area labour markets is one of the biggest questions facing euro area labour …
Persistent link: https://www.econbiz.de/10013077231
, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are lose …
Persistent link: https://www.econbiz.de/10013318926
We analyse the effects of money growth within a standard New Keynesian framework and show that the interaction between staggered nominal contracts and money growth leads to a long-run trade-off between output and money growth. We explore the microeconomic mechanisms that lead to this trade-off,...
Persistent link: https://www.econbiz.de/10011604458
results suggest that euro-area inflation forecasts have reacted less to unemployment forecasts after the start of the … better anchoring of inflation expectations and increases in structural unemployment do not seem to find support in the survey … financial crisis but another cost measure (energy inflation) remains significant. This finding is consistent with a flatter …
Persistent link: https://www.econbiz.de/10011605808
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typically predicts more aggressive wage setting under monetary union. This insight has not been confirmed by the EMU experience, which has been characterised by wage moderation, thereby eliciting criticism from Posen...
Persistent link: https://www.econbiz.de/10011605104
alternative monetary rules on unemployment dynamics in the euro area and the US. We use the inflation forecasts of 8 competing …This paper explores the role that inflation forecasts play in the uncertainty surrounding the estimated effects of … relative to the different inflation models under two rules. The results suggest that model uncertainty can be a serious issue …
Persistent link: https://www.econbiz.de/10012777870
employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …
Persistent link: https://www.econbiz.de/10012783591
ratio and the relatively generous unemployment benefit system. …
Persistent link: https://www.econbiz.de/10011667195
This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the … unemployment are affected differently across skill types. Also, the model generates sideward shifts of the Beveridge curve …
Persistent link: https://www.econbiz.de/10013272142