Showing 1 - 10 of 1,461
application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10014551686
that unemployment is a key driver of support for the euro and its governance. Given these developments, we discuss whether …
Persistent link: https://www.econbiz.de/10013208851
This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using uniquely large macro and micro databases and applying...
Persistent link: https://www.econbiz.de/10013208809
unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate … at achieving low unemployment and high growth. …
Persistent link: https://www.econbiz.de/10013208882
In this paper I study the relation between real wage rigidity (RWR) and nominal price and wage rigidity. I show that in a standard DSGE model RWR is mainly affected by the interaction of the two nominal rigidities and not by other structural parameters. The degree of RWR is, however,...
Persistent link: https://www.econbiz.de/10013370078
Unilateral euroization is underexplored even in comparison to unilateral dollarization (taken to mean the adoption of the US dollar as legal tender). This paper attempts to partly fill this gap in the literature by investigating the case of Montenegro, which is one of the two countries that have...
Persistent link: https://www.econbiz.de/10012059900
We propose an event-study research design to identify the nature and propagation of large unusual shocks in DSGE models and apply it to study the macroeconomic effects of the Covid shock. The initial outbreak is represented as the onset of a new shock process where the shock loads on wedges...
Persistent link: https://www.econbiz.de/10013479465
We estimate and compare two models, the Generalized Taylor Economy (GTE) and the Multiple Calvo model (MC); that have been built to model the distributions of contract lengths observed in the data. We compare the performances of these models to those of the standard models such as the Calvo and...
Persistent link: https://www.econbiz.de/10010500190
This working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and France. The theoretical and policy developments are delineated in a historical...
Persistent link: https://www.econbiz.de/10010266460
infrastructure. While unemployment and enforced idleness" persist, existing time-use survey data reveal that people around the …
Persistent link: https://www.econbiz.de/10010266476