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The (Ir)relevance of the NRU for Policy Making: The Case of Denmark
Karanassou, Marika; Sala, Hector; Salvador, Pablo F. - Institute for the Study of Labor (IZA) - 2006
We reconsider the central role of the natural rate of unemployment (NRU) in forming policy decisions. We show that the … unemployment rate does not gravitate towards the NRU due to frictional growth, a phenomenon that encapsulates the interplay between … empirical analysis and find that the NRU explains only 33% of the unemployment variation, while frictional growth accounts for …
Persistent link: https://www.econbiz.de/10005822576
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Flexibility vs. Rigidity: Does Spain have the worst of both Worlds?
Saint-Paul, Gilles - 2000
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the job loss rate is much...
Persistent link: https://www.econbiz.de/10010262363
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The macroeconomics of the labor market: Three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10010276418
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The macroeconomics of the labor market: Three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2006
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10010276421
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The macroeconomics of the labor market: three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007
that all the shortrun fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10010281021
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The Macroeconomics of the Labor Market: Three Fundamental Views
Karanassou, Marika; Sala, Hector; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2007
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run ‡uctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10005755272
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The Macroeconomics of the Labor Market: Three Fundamental Views
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10005763692
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The macroeconomics of the labor market: Three fundamental views
Karanassou, Marika; Sala, Hèctor; Snower, Dennis J. - Xarxa de Referència en Economia Aplicada (XREAP) - 2006
that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10005558076
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Flexibility vs. Rigidity: Does Spain have the worst of both Worlds?
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2000
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the jon loss rate is much...
Persistent link: https://www.econbiz.de/10005703292
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Are the Unemployed Unemployable?
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992
may have increased unemployment, and shows that this is likely to occur if technological change is associated with an …
Persistent link: https://www.econbiz.de/10005666594