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Can this time be different? Policy options in times of rising debt

Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020

Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...

Persistent link: https://www.econbiz.de/10012388936

Debt and financial crises

Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020

Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...

Persistent link: https://www.econbiz.de/10012388929

Do surges in international capital flows influence the likelihood of banking crises? Cross-country evidence on capital flows bonanzas and bonanza-boom-bust cycles

Caballero, Julian - 2010

This paper asks if bonanzas (i.e. surges) in net capital flows are associated with a higher likelihood of banking crises and whether this association is necessarily through a lending boom mechanism. Using a new database covering over one hundred countries during 1973-2008, the paper shows that...

Persistent link: https://www.econbiz.de/10010287781

How much work experience do you need to get your first job? The macroeconomic implications of bias against labor market entrants

Adhikari, Shisham; Geromichalos, Athanasios; … - 2023

. Consequently, entrant workers have lower job-finding rates and longer unemployment durations than the unemployed who have looked …

Persistent link: https://www.econbiz.de/10014474502

The Ins and Outs of Unemployment in the Long Run: Unemployment Flows and the Natural Rate

Tasci, Murat - 2012

This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

Persistent link: https://www.econbiz.de/10010500228

The Cyclical Behavior of Equilibrium Unemployment and Vacancies Across OECD Countries

Amaral, Pedro S.; Tasci, Murat - 2014

We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross-country data is helpful in scrutinizing between potential...

Persistent link: https://www.econbiz.de/10010500264

What are the determinants of hiring? The role of demand and supply factors

Eriksson, Stefan; Stadin, Karolina - 2015

In this paper, we study the relative importance of demand and supply factors for hiring. We use a search-matching model with imperfect competition in the product market to derive an equation for total hiring in a local labor market and estimate it on Swedish panel data. If product markets are...

Persistent link: https://www.econbiz.de/10011440158

Some like it hot: Assessing longer-term labor market benefits from a high-pressure economy

Hotchkiss, Julie L.; Moore, Robert E. - 2018

Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

Persistent link: https://www.econbiz.de/10012030267

Does unemployment invariance hypothesis hold for Canada?

Tansel, Aysit; Ozdemir, Zeynel Abidin; Aksoy, Emre - 2016

This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …

Persistent link: https://www.econbiz.de/10011696305

Digital adoption, automation, and labor markets in developing and emerging economies

Finkelstein Shapiro, Alan; Mandelman, Federico S. - 2019

emerging economies. No link between digital adoption and the unemployment rate is found, however. To explain this evidence, we …

Persistent link: https://www.econbiz.de/10012389577