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Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2018

We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...

Persistent link: https://www.econbiz.de/10011792134

Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2018

Persistent link: https://www.econbiz.de/10012182288

Short-time work and precautionary savings

Dengler, Thomas; Gehrke, Britta; Zessner-Spitzenberg, … - 2024

unemployment. Second, we construct a New Keynesian model with heterogeneous workers and firms, incomplete asset markets, and labor … level and volatility of both the separation and unemployment rate at the cost of tying workers to less productive firms …

Persistent link: https://www.econbiz.de/10015135364

Short-time work and precautionary savings

Dengler, Thomas; Gehrke, Britta - 2021

endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …

Persistent link: https://www.econbiz.de/10012517675

Short-time work and precautionary savings

Dengler, Thomas; Gehrke, Britta; Zessner-Spitzenberg, … - 2025

Persistent link: https://www.econbiz.de/10015398464

Short-time work and precautionary savings

Dengler, Thomas; Gehrke, Britta - 2022

recessions. First, we show that the consumption risk of short-time work is considerably smaller compared to unemployment using … frictions featuring an endogenous firing and short-time work decision. In recessions, short-time work reduces the unemployment …

Persistent link: https://www.econbiz.de/10013332143

Macroeconomic stabilisation properties of a euro area unemployment insurance scheme

Kaufmann, Christoph; Attinasi, Maria Grazia; … - 2020

supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …

Persistent link: https://www.econbiz.de/10012241162

Brazilian macroeconomic dynamics redux : shocks, frictions, and unemployment in SAMBA model

Fasolo, Angelo Marsiglia; Araujo, Eurilton; Jorge, … - In: Latin American journal of central banking : LAJCB 5 (2024) 2, pp. 1-36

, such as involuntary unemployment, imported goods in the consumption bundle and a new identified vector auto …

Persistent link: https://www.econbiz.de/10015055215

Monetary-fiscal policy interactions in the euro area

2021

The last review of the ECB’s monetary policy strategy in 2003 followed a period of predominantly upside risks to price stability. Experience following the 2008 financial crisis has focused renewed attention on the question of how monetary and fiscal policy should best interact, in particular...

Persistent link: https://www.econbiz.de/10012650770

Macroeconomic Stabilisation Properties of a Euro Area Unemployment Insurance Scheme

Kaufmann, Christoph - 2020

supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and inflation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …

Persistent link: https://www.econbiz.de/10012830081