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Unemployment Dynamics and the Cost of Business Cycles

Hairault, Jean-Olivier; Langot, François; Osotimehin, … - 2021

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a reduced-form model of the labor market, we show that job finding rate fluctuations generate intrinsically a non-linear effect on unemployment: positive shocks reduce...

Persistent link: https://www.econbiz.de/10013324775

Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Pesaran, M. Hashem - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...

Persistent link: https://www.econbiz.de/10013119292

Transmission of US and EU Economic Policy Uncertainty Shock to Asian Economies in Bad and Good Times

Balcilar, Mehmet - 2020

This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...

Persistent link: https://www.econbiz.de/10012833241

Macroeconomic Volatilities and the Labor Market : First Results from the Euro Experiment

Merkl, Christian - 2010

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, no national monetary policies have been implemented that could account for volatility differences across...

Persistent link: https://www.econbiz.de/10013143682

The Long-Run Effects of Recessions on Education and Income

Stuart, Bryan A. - 2019

This paper examines the long-run effects of the 1980-1982 recession on education and income. Using confidential Census data, I estimate difference-in-differences regressions that exploit variation across counties in recession severity and across cohorts in age at the time of the recession. For...

Persistent link: https://www.econbiz.de/10012867978

The Asymmetric Experience of Positive and Negative Economic Growth : Global Evidence Using Subjective Well-Being Data

De Neve, Jan‐Emmanuel - 2015

World Poll data from over 150 countries, BRFSS data on 2.5 million US respondents, and Eurobarometer data that cover …

Persistent link: https://www.econbiz.de/10013025309

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

Pesaran, M. Hashem - 2011

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

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

This Time it's Different : The Role of Women's Employment in a Pandemic Recession

Alon, Titan - 2020

In recent US recessions, employment losses have been much larger for men than for women. Yet, in the current recession caused by the Covid-19 pandemic, the opposite is true: unemployment is higher among women. In this paper, we analyze the causes and consequences of this phenomenon. We argue...

Persistent link: https://www.econbiz.de/10012826247

Policies in Hard Times : Assessing the Impact of Financial Crises on Structural Reforms

Gokmen, Gunes - 2020

It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...

Persistent link: https://www.econbiz.de/10012842057

Climate Change Salience, Economic Insecurity, and Support for Mitigation Policies

Johnston, David; Knott, Rachel; Mendolia, Silvia - 2022

Many people remain opposed to climate change mitigation policies. This opposition is an obstacle to policy action and, therefore, important to understand. We explore how unusually high temperatures (heat waves), which observably increase the salience of climate change-related issues, affect...

Persistent link: https://www.econbiz.de/10014076714