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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...
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Developments in Working Life in Europe 2014 is part of a series of annual reviews published by Eurofound and provides an overview of the latest developments in industrial relations and working conditions across the European Union and Norway. The Annual Review collates information based on...
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on future income realisations. Estimation results support the hypothesis that, although front-loaded, consumers have a … approach is the parameterisation of the information content regarding future income changes. In addition to the information … regarding time series properties of the historical development of labour income, consumers have also period-specific information …
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fiscal policies can be seen in increased hours worked, income earned or labour force participation rates for women. For …
Persistent link: https://www.econbiz.de/10011624801
This publication presents the first broad international comparison across all EU and OECD countries of the outcomes for immigrants and their children. It is the fruit of a joint co-operation between the European Commission (DG Migration and Home Affairs) and the OECD’s International Migration...
Persistent link: https://www.econbiz.de/10011624928