Narrow search
Showing 1 - 10 of 5,332
Cover Image
Labor Demand Shocks and Housing Prices Across the Us : Does One Size Fit All?
Osei, Michael J - 2018
This paper examines whether effects of labor demand shocks on housing prices vary across time and space. Using data on 321 US metropolitan statistical areas, we estimate the medium- and long-run effects of increases in metropolitan statistical area-level employment and total labor income on...
Persistent link: https://www.econbiz.de/10012915342
Cover Image
The interplay between green policy, electricity prices, financial constraints and jobs : firm-level evidence
Bijnens, Gert; Hutchinson, John; Konings, Jozef; … - 2021
Increased investment in clean electricity generation or the introduction of a carbon tax will most likely lead to higher electricity prices. We examine the effect from changing electricity prices on manufacturing employment. Analyzing firm-level data, we find that rising electricity prices lead...
Persistent link: https://www.econbiz.de/10012511480
Cover Image
The interplay between green policy, electricity prices, financial constraints and jobs : firm-level evidence
Bijnens, Gert; Hutchinson, John; Konings, Jozef; … - 2021
Increased investment in clean electricity generation or the introduction of a carbon tax will most likely lead to higher electricity prices. We examine the effect from changing electricity prices on manufacturing employment. Analyzing firm-level data, we find that rising electricity prices lead...
Persistent link: https://www.econbiz.de/10012499645
Cover Image
The Labor Demand and Labor Supply Channels of Monetary Policy
Graves, Sebastian; Huckfeldt, Christopher K.; Swanson, … - National Bureau of Economic Research - 2023
speeches and find that, in contrast to the consensus view, a contractionary monetary policy shock leads to a significant … a contractionary monetary policy shock becomes twice as large …
Persistent link: https://www.econbiz.de/10014421195
Cover Image
Unconventional Monetary Policy and Labor Demand
Liu, Andrew Yizhou; Civelli, Andrea - 2022
that the intervention gained employment, wages, and consumption. On the other hand, the gain of the intervention is smaller …
Persistent link: https://www.econbiz.de/10014235661
Cover Image
Adjustment is much slower than you think
Caballero, Ricardo J.; Engel, Eduardo - 2003
In most instances, the dynamic response of monetary and other policies to shocks is infrequent and lumpy. The same holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and prices. We show that the standard practice of estimating...
Persistent link: https://www.econbiz.de/10011609531
Cover Image
Monetary persistence and the labor market : a new perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010
In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...
Persistent link: https://www.econbiz.de/10003937114
Cover Image
Slow Recoveries and Unemployment Traps : Monetary Policy in a Time of Hysteresis
Acharya, Sushant - 2018
We analyze monetary policy in a model where temporary shocks can permanently scar the economy's productive capacity. Unemployed workers' skill losses generate multiple steady-state unemployment rates. When monetary policy is constrained by the zero bound, large shocks reduce hiring to a point...
Persistent link: https://www.econbiz.de/10012931966
Cover Image
Monetary Persistence and the Labor Market : A New Perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2021
that the employment rate is slow to converge to its steady state value after a monetary shock. The after-effects of a shock … continue to exert an effect on the labor market even long after the shock is over. The sluggishness of the labor market … translates to the product market and thus the output effects of the monetary shock become more persistent. Under reasonable …
Persistent link: https://www.econbiz.de/10013325145
Cover Image
Macroprudential Policies in Response to External Financial Shocks
de Carvalho Filho, Irineu; Ng, DingXuan - 2023
This paper examines how countries use Macroprudential Policies (MaPs) to respond to external shocks such as US monetary policy surprises or fluctuations in capital flows. Constructing a model of a small open economy with financial frictions and a MaP authority that adjusts loan to value (LTV)...
Persistent link: https://www.econbiz.de/10014257930