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The (un)importance of unemployment fluctuations for the welfare cost of business cycles
Jung, Philip; Kuester, Keith - In: Journal of Economic Dynamics and Control 35 (2011) 10, pp. 1744-1768
This paper studies the cost of business cycles within a real business cycle model with search and matching frictions in the labor market. We endogenously link both the cyclical fluctuations and the mean level of unemployment to the aggregate business cycle risk. The key result of the paper is...
Persistent link: https://www.econbiz.de/10009274916
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An algorithm competition: First-order iterations versus Newton-based techniques
Juillard, Michel; Laxton, Douglas; McAdam, Peter; … - In: Journal of Economic Dynamics and Control 22 (1998) 8-9, pp. 1291-1318
Persistent link: https://www.econbiz.de/10005229568
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Handbook of computational economics : H.M. Amman, D.A. Kendrick, J. Rust, (eds.), vol. 1. North-Holland, Amsterdam, 1996, pp. xxi + 827, $163.75/265.0 Dutch Guilders. (ISBN 0-444-89857-3)
McAdam, Peter - In: Journal of Economic Dynamics and Control 22 (1998) 3, pp. 483-487
Persistent link: https://www.econbiz.de/10005205093
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Tax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model
Coenen, Günter; McAdam, Peter; Straub, Roland - In: Journal of Economic Dynamics and Control 32 (2008) 8, pp. 2543-2583
Persistent link: https://www.econbiz.de/10005205322