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China's Emergence in the World Economy and Business Cycles in Latin America

Pesaran, M. Hashem - 2011

The international business cycle is very important for Latin America's economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of...

Persistent link: https://www.econbiz.de/10013121741

Are Apprenticeships Business Cycle Proof?

Lüthi, Samuel - 2018

Although there is evidence that apprenticeship training can ease the transition of youth into the labour market and thereby reduce youth unemployment, many policy makers fear that firms will cut their apprenticeship expenditures during economic crises, thus exacerbating the problem of youth...

Persistent link: https://www.econbiz.de/10012925498

Cyclical Skill-Biased Technological Change

Balleer, Almut - 2009

Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...

Persistent link: https://www.econbiz.de/10013158513

Man-Cessions, Fiscal Policy, and the Gender Composition of Employment

Bredemeier, Christian - 2015

In recessions, predominantly men lose their jobs, which has given rise to the term "man-cessions". We analyze whether fiscal expansions bring men back into jobs. To do so, we estimate vector-autoregressive models and identify the effects of fiscal shocks and non-fiscal shocks on the gender...

Persistent link: https://www.econbiz.de/10013024941

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 2011

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …

Persistent link: https://www.econbiz.de/10013129942

Real Wage Cyclicality in Italy

Peng, Fei - 2006

This paper analyzes the cyclical behaviour of male real wages in Italy using the European Community Household Panel …. Stayers are the large majority. We find stayers in Northern Italy to have high cyclicality of real wages, higher in fact than … the North of Italy operate much more competitively than in the Centre and South …

Persistent link: https://www.econbiz.de/10012778997

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012840446

Immigration, Growth and Unemployment : Panel VAR Evidence from OECD Countries

Boubtane, Ekrame - 2012

This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...

Persistent link: https://www.econbiz.de/10013098455

The US Inflation-Unemployment Tradeoff : Methodological Issues and Further Evidence

Karanassou, Marika - 2009

This paper addresses the various methodological issues surrounding vector autoregressions, simultaneous equations, and chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that money growth is a superior indicator of the monetary...

Persistent link: https://www.econbiz.de/10013158516

Uncertainty Shocks and Unemployment Dynamics

2020

Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...

Persistent link: https://www.econbiz.de/10012829214