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A dynamic general equilibrium search model is constructed to examine the costs and benefits of unemployment insurance …
Persistent link: https://www.econbiz.de/10005545300
Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor markets. Our analysis, based on the IMF‘s Global Integrated Monetary and Fiscal model (GIMF), attempts to quantify the potential gains to the economy from a comprehensive...
Persistent link: https://www.econbiz.de/10011142132
The staff report for the 2011 Article IV Consultation concluded that a vibrant recovery marked Estonia’s first year in the euro area, albeit amid nascent tensions. The economy’s strong rebound has been grounded in a proven track record of prudent macroeconomic policies. Executive...
Persistent link: https://www.econbiz.de/10011142206
with similar downturns had very different employment trends can help design policies to reduce such costs and improve labor … markets. This paper analyzes the recent employment experiences of six economies: Germany, Korea, Mexico, New Zealand, Spain …
Persistent link: https://www.econbiz.de/10011142213
We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal...
Persistent link: https://www.econbiz.de/10011242291
employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …
Persistent link: https://www.econbiz.de/10010884429
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …
Persistent link: https://www.econbiz.de/10011027239
JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores … the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of … increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions …
Persistent link: https://www.econbiz.de/10009369453