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COVID-19 and public support for the euro

Roth, Felix; Jonung, Lars; Most, Aisada - 2022

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …

Persistent link: https://www.econbiz.de/10013455597

COVID-19 and public support for the euro

Roth, Felix; Jonung, Lars; Most, Aisada - 2023

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …

Persistent link: https://www.econbiz.de/10013541792

The inflation-output tradeoff: which type of labor market rigidity is to be blamed?

Merkl, Christian - 2009

In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...

Persistent link: https://www.econbiz.de/10010277953

The inflation-output tradeoff : which type of labor market rigidity is to be blamed?

Merkl, Christian - 2009

real wage rigidities. -- Monetary policy ; real wage rigidity ; labor turnover costs ; unemployment ; tradeoff …

Persistent link: https://www.econbiz.de/10003826554

Worker heterogeneity, selection, and employment dynamics in the face of aggregate demand and pandemic shocks

Ravenna, Federico; Walsh, Carl E. - 2020

amplifies fluctuations in unemployment and results in excess unemployment volatility relative to the efficient allocation …. Recessions disproportionately affect lowproductivity workers, whose unemployment spells are inefficiently frequent and long. We …-productivity workers. The unemployment consequences are especially severe when nominal interest rates are close to the effective lower …

Persistent link: https://www.econbiz.de/10012318150

Endogenous technology, scarring and fiscal policy

Elfsbacka Schmöller, Michaela - 2022

This paper studies fiscal policy in a New Keynesian DSGE model with endogenous technology growth in which scarring can occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R&D and technology adoption, thus depressing the...

Persistent link: https://www.econbiz.de/10013469563

Endogenous technology, scarring and fiscal policy

Schmöller, Michaela - 2022

Persistent link: https://www.econbiz.de/10013463787

Budget-neutral fiscal rules targeting inflation differentials

Brede, Maren - 2016

In light of persistent in ation dispersion and rising debt levels in the EMU, this paper investigates the welfare implications of budget-neutral scal policies that counteract in ation di erentials. In a two-country DSGE model of a monetary union with traded and non-traded goods a national scal...

Persistent link: https://www.econbiz.de/10011437921

Asymmetric labor market institutions in the EMU and the volatility of inflation and unemployment differentials

Abbritti, Mirko; Müller, Andreas - 2012

and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

Persistent link: https://www.econbiz.de/10009536516

Asymmetric Labor Market Institutions in the Emu and the Volatility of Inflation and Unemployment Differentials

Abbritti, Mirko - 2012

Persistent link: https://www.econbiz.de/10013107467