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In this paper, we evaluate households' directional forecasts of inflation and the unemployment rate in Sweden. The … forecast where the unem-ployment is headed, but they fail in predicting the direction of future inflation. …
Persistent link: https://www.econbiz.de/10012654465
Tight labour markets are usually accompanied by mounting wage pressures. Yet, in the past decade, wage growth has remained subdued despite the appearance of widespread labour shortages. This paper re-examines labour market conditions since 2007 through the lens of a novel indicator, relative...
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mainly driven by disagreement on inflation. Exploring further determinants, we confirm that central bank transparency as well …There is a growing interest in studying the disagreement of economic agents. Most studies, however, focus on the … disagreement regarding one specific variable, hereby neglecting that disagreement may be comoving with disagreement on other …
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The paper investigates the predictive power of a new survey implemented by the Federal Employment Agency (FEA) for forecasting German unemployment in the short run. Every month, the CEOs of the FEA's regional agencies are asked about their expectations of future labor market developments. We...
Persistent link: https://www.econbiz.de/10013349233
Social security administrative data are increasingly becoming available in many countries. These data have a long panel structure (large N, large T) and allow for the measurement of many different variables with high accuracy. It also captures short-term unemployment spells which are normally...
Persistent link: https://www.econbiz.de/10014496108
Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and employment, using explanatory variables such as tax and social security benefit rates. Other variables represent the characteristics of the households in the survey and...
Persistent link: https://www.econbiz.de/10005504221