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Persistent link: https://www.econbiz.de/10011624902
application of the minimum distance estimation. The estimated model can explain the cyclical behavior of employment, hours per …
Persistent link: https://www.econbiz.de/10009636527
The Lisbon strategy could reinvigorate Europeu0092s economy and boost employment. In 2000 the European leaders agreed to stimulate economic growth and employment and make Europeu0092s economy the most competitive in the world. If Europe would really reach the goals they set, Europeu0092s Gross...
Persistent link: https://www.econbiz.de/10009637702
This paper employs stochastic simulations of a small structural rational expectations model to investigate the consequences of the zero bound on nominal interest rates. We find that if the economy is subject to stochastic shocks similar in magnitude to those experienced in the U.S. over the...
Persistent link: https://www.econbiz.de/10009635983