The dynamic general equilibrium model with hiring costs presented in this paper delivers involuntary unemployment in the steady state and involuntary fluctuations in unemploy- ment. After calibrating the model, through simulations we are able to show that our model with labour market...

Department: Economics.

Poco se sabe todavía sobre los factores que determinan el uso de garantías personales en comparación con las garantías reales en el marco de los préstamos bancarios a empresas, así como sobre su posterior impacto en la toma de decisiones de las empresas. Este trabajo analiza 477.209...

La literatura teórica de modelos de curva de tipos enfatiza la importancia de la absorción de riesgo de duración esperada durante la vida residual de los bonos para entender el efecto de las compras de activos de los bancos centrales sobre las curvas de tipos. Motivados por esto, construimos...

La literatura teórica de modelos de curva de tipos enfatiza la importancia de la absorción de riesgo de duración esperada durante la vida residual de los bonos para entender el efecto de las compras de activos de los bancos centrales sobre las curvas de tipos. Motivados por esto, construimos...

This article focuses on the effect of the Covid-19 pandemic on tourism in several African countries located in Eastern and Southern Africa, focusing on five, namely, Burundi, Eswatini, Kenya, Mauritius and Seychelles which are important tourism destinations in Africa. For this purpose,...

This paper examines persistence in the Ukrainian stock market during the recent financial crisis. Using two different long memory approaches (R/S analysis and fractional integration) we show that this market is inefficient and the degree of persistence is not the same in different stages of the...

This paper uses four ADF-type unit root tests and four KPSS-type stationarity tests to examine whether the gender unemployment gap would converge to zero in Africa. Among these different tests, the two most restricted models, namely the ADF test and the KPSS test, indicate no convergence in the...

This paper deals with the analysis of inflation in financial returns by using model-free connectedness framework which includes investigating persistence in the series and data from 22 countries from April 1958 to November 2023 which are grouped into highly, medium and lowly correlated returns....

In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...