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This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was...
Persistent link: https://www.econbiz.de/10012677748
. On the one hand, migration releases unemployment pressures for the origin countries. On the other hand, it generates …
Persistent link: https://www.econbiz.de/10015059284
We use the novel anonymized Household Labour Force Survey (HLFS) microdata to analyze job finding rates and job separation rates in New Zealand. We find that individual characteristics, including age, gender, ethnicity and education have a significant impact on job finding and separation rates,...
Persistent link: https://www.econbiz.de/10015060160
This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance …
Persistent link: https://www.econbiz.de/10008528693
Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical...
Persistent link: https://www.econbiz.de/10009659836
This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance …
Persistent link: https://www.econbiz.de/10012677860
Persistent link: https://www.econbiz.de/10012691151
This paper asks how well Okun’s Law fits short-run unemployment movements in the United States since 1948 and in … the unemployment rate—varies substantially across countries. This variation is partly explained by idiosyncratic …
Persistent link: https://www.econbiz.de/10011242241
Middle East, North Africa, Caucasus and Central Asia. These countries simultaneously display high unemployment rates, low …-sector employment rates or unemployment rates on two measures of public-sector employment point to full crowding out. This means that … rates and do not reduce overall unemployment rates. …
Persistent link: https://www.econbiz.de/10010790351
Despite its low unemployment rate, the recent shift in the Japanese Beveridge curve indicates increased labor mismatch … crisis. Occupational mismatch accounted for approximtely 20-40 percent of the recent rise in the unemployment rate in Japan …
Persistent link: https://www.econbiz.de/10010790353