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Are Small Firms more cyclically Sensitive than Large Ones? National, Regional and Sectoral Evidence from Brazil.

Cravo, Túlio - 2010

An important issue facing policymakers is the degree to which fluctuations in economic activity affect employment in large and small businesses across sectors and regions. These issues are particularly relevant for developing countries, as they matter for the understanding of the labour market...

Persistent link: https://www.econbiz.de/10011332430

Customer Markets, Non-Separable Utility and the Real Effects of Monetary Policy Shocks

Hristov, Nikolay - 2010

As is well known, one of the major shortcomings of the New Keynesian model (NKM) with Calvo-type price setting is the lack of a microeconomic foundation of its most important building block - price stickiness. In this paper I investigate the ability of a monetary Customer Markets model to...

Persistent link: https://www.econbiz.de/10010270130

Firms' Heterogeneity, Endogenous Entry, and Exit Decisions

Totzek, Alexander - 2010

As GDP is highly correlated with both entering and exiting firms, we develop a totally microfounded DSGE model with endogenous firms entry as well as exit decisions. We show that the simplifying assumption of a constant firms' death rate made by the recent literature on DSGE modelling can lead...

Persistent link: https://www.econbiz.de/10010270281

Payroll Taxes, Social Insurance and Business Cycles

Burda, Michael C.; Weder, Mark - 2010

budget renders gross wages more rigid over the cycle and, as a result, strengthens the model's endogenous propagation …

Persistent link: https://www.econbiz.de/10010272039

Adjustment dynamics and business cycle heterogeneity in the EMU: Evidence from estimated DSGE models

Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2019

response of employment and wages in ES, a high sensitivity of IT to investment-related shocks, and a comparatively strong …

Persistent link: https://www.econbiz.de/10012099110

Indicator-based estimates of the output gap in the euro area

Weiske, Sebastian - 2019

The output gap is a key variable of business cycle analysis and policy. Obtaining reliable estimates for it, is very difficult, though. Most real-time estimates are frequently revised over time. The idea of this paper is to use various indicators, for example from business surveys, that (i) were...

Persistent link: https://www.econbiz.de/10012099166

The Malaysian Property Boom and Bust Cycle: History Repeating?

Ferlito, Carmelo - 2018

According to Mark Thornton, we could be very close to another major economic crisis. Ten years have passed from the so-called Great Recession and Thornton's prediction confirms my view according to which business fluctuations are pervasive, and the crisis that emerged in the Western world in...

Persistent link: https://www.econbiz.de/10011947282

Migratory flows in Spain: a nonparametric and semiparametric approach

Maza, Adolfo; Villaverde, José - 2004

mainly respond, though weakly, to the differentials of wages, unemployment rates and house prices between regions; third …, wages. JEL classification: J61, R23, C14 …

Persistent link: https://www.econbiz.de/10011318740

Temporary and Permanent Immigration under Unionization

Kenji, Kondoh - 2004

-unionized manufacturing firms in a two-sector economy. The impacts of immigration as well as remittance on respectively wages, employment, the … heavily. In particular, if temporary immigrants work in manufacturing only, then all wages and the union-nonunion wage gap … fall. JEL Classification Numbers: F22, J51 Keywords: Temporary and Permanent Immigration, Labor Unions, Remittance, Wages …

Persistent link: https://www.econbiz.de/10011318742

A Wage Based Measure of Aggregate Human Capital

Cerejeira, João - 2004

. Keywords: Human capital, wages, income based measures JEL Classification: E24, J24, I21 …

Persistent link: https://www.econbiz.de/10011318859