Showing 1 - 10 of 867
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups – industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then...
Persistent link: https://www.econbiz.de/10005566406
In this paper, we develop an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows...
Persistent link: https://www.econbiz.de/10010262765
This study demonstrates that nonlinearities, coupled with worker heterogeneity, make it possible to reconcile the Diamond–Mortensen–Pissarides model with the labor market dynamics observed in the United States. Nonlinearities, induced by firings and downward real wage rigidities, magnify...
Persistent link: https://www.econbiz.de/10012882398
In this paper, we develop an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows...
Persistent link: https://www.econbiz.de/10005822387
In this article we study the relationship between workers' remittances and fertility rate of the remittance receiving … country. We identify two main channels by which remittances transfers affect fertility. First, migrants may adopt and later … attachment to the household would be more inclined to remit money home. Therefore, remittances can be seen as a proxy for the …
Persistent link: https://www.econbiz.de/10010275920
The global financial crisis and the subsequent uneven recovery have underscored the need for Africa's resilience to … African Community (EAC) and the Southern Africa Customs Union (SACU) - suggests that deeper intra-regional, and in particular …
Persistent link: https://www.econbiz.de/10011307406
This paper investigates the impact of the macroeconomy on the health insurance coverage of Americans using panel data from the Survey of Income and Program Participation (SIPP) for 2004-2010, a period that includes the Great Recession of 2007-09. We find that a one percentage point increase in...
Persistent link: https://www.econbiz.de/10010282427
In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given …. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …
Persistent link: https://www.econbiz.de/10010262270
European unemployment rates. They also generate positive comovements in macroeconomic variables and a large relative volatility …
Persistent link: https://www.econbiz.de/10010271258
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility … vacancies) divided by the volatility of labor productivity is roughly twice as large as in the United States. We derive and …
Persistent link: https://www.econbiz.de/10010277960