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Search unemployment in a dynamic new Keynesian model of the business cycle

Gerke, Rafael; Rubart, Jens - 2003

The monetary transmission mechanism plays an important role in studying the effects of monetary policy on the real side of the economy. At least since Chari et al. (2000) it is generally accepted that new keynesian models of the business cycle display a persistence problem. In this paper, we...

Persistent link: https://www.econbiz.de/10011524517

Germany's labour market in Coronavirus distress : new challenges to safeguarding employment

Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; … - 2021

We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas during the Great Recession all working-time instruments...

Persistent link: https://www.econbiz.de/10012512274

Volatility and growth : governments are key

Jetter, Michael - 2013

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

Persistent link: https://www.econbiz.de/10010228789

Periodic business and exchange rate cycles : evidence from 7 emerging markets

Kohler, Karsten; Stockhammer, Engelbert - 2020

The paper investigates exchange rate cycles and their relationship to the business cycle in 7 major emerging market economies. We document the presence of periodic cycles in nominal US-dollar exchange rates and show that these are closely aligned with cycle frequencies in real output. Joint...

Persistent link: https://www.econbiz.de/10012660709

Search unemployment in a dynamic new Keynesian model of the business cycle

Gerke, Rafael; Rubart, Jens - 2003

Persistent link: https://www.econbiz.de/10001798804

Macroeconomic Implications of the Global Crisis on Bulgarian Economy Since 2008

Zlatinov, Dimitar - 2016

The paper examines changes in the Bulgarian economy following the global financial and economic crisis of 2008. The discussion is primarily based on the behavior of economic agents in the crisis – households and companies. The paper also seeks to address the changes in the external and fiscal...

Persistent link: https://www.econbiz.de/10012985515

The Global Impact of Brexit Uncertainty

Hassan, Tarek A.; Hollander, Stephan; Lent, Laurence van; … - 2021

but also reduced hiring and investments. In addition to Brexit uncertainty (the second moment), we find that international …

Persistent link: https://www.econbiz.de/10013238604

Fewer Jobs or Smaller Paychecks? Aggregate Crisis Impacts in Selected Middle-Income Countries

Khanna, Gaurav - 2011

This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...

Persistent link: https://www.econbiz.de/10013120422

The Collapse of Neoliberal Capitalism : Causes and Cures: A Review Article

Kriesler, Peter - 2014

The two books reviewed in this article are very different in style, quite different in content, but completely united in their purpose and major conclusions. Both books analyse the events from 2007 to 2010 to ascertain why the disaster happened and what must be done to put the United States...

Persistent link: https://www.econbiz.de/10013053803

Labour Market Transitions, Shocks and Institutions in Turbulent Times : A Cross-Country Analysis

Bachmann, Ronald - 2018

This paper analyses the impact of the business cycle on labour market dynamics in EU member states and the US during the first decade of the 21st century. Using unique measures of labour market flows constructed from worker-level micro data, we examine to what extent macro shocks were...

Persistent link: https://www.econbiz.de/10012922444