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Regional Economic Disparities in Australia
Ramakrishnan, Uma; Cerisola, Martin D. - International Monetary Fund (IMF) - 2004
Australia's remarkable economic performance during the 1990s has not resulted in a significant convergence of real per capita income, output, and employment levels across the country's states and territories. This paper explores the role of certain economic rigidities that may have contributed...
Persistent link: https://www.econbiz.de/10005826034
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Emerging Market Business Cycles; The Role of Labor Market Frictions
Boz, Emine; Durdu, Ceyhun Bora; Li, Nan - International Monetary Fund (IMF) - 2012
larger fluctuations in the workers’ bargaining power while the interest rates shocks lead to variations in the firms⠅
Persistent link: https://www.econbiz.de/10011242182
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Algeria; Selected Issues Paper
International Monetary Fund (IMF); International … - 2012
This paper analyzes Algeria’s unemployment and labor market developments and assesses the factors that may hamper employment creation. It estimates employment-to-GDP elasticity for Algeria’s main sectors and different age groups, and assesses the effect of improvements in...
Persistent link: https://www.econbiz.de/10011242638
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Kingdom of Netherlands; Netherlands: Selected Issues and Analytical Notes
International Monetary Fund (IMF); International … - 2011
Important issues of the Netherlands are discussed. Openness to trade has benefited the Netherlands before the crisis and has supported the recent recovery process. However, both financial openness and trade linkages have also been a transmission channel for the financial crisis. Synchronized...
Persistent link: https://www.econbiz.de/10011243183
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Unemployment and Productivity in the Long Run; The Role of Macroeconomic Volatility
Surico, Paolo; Ricci, Luca Antonio; Benigno, Pierpaolo - International Monetary Fund (IMF) - 2010
We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence...
Persistent link: https://www.econbiz.de/10008727811
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Unemployment and Labor Market Issues in Algeria
Furceri, Davide - International Monetary Fund (IMF) - 2012
The aim of this paper is to analyze unemployment and labor market developments in Algeria and assess the factors that may hamper employment creation. The results of the paper suggest that the relative low output-employment elasticities and rigid labor market are the main factors behind the still...
Persistent link: https://www.econbiz.de/10010790348
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Can Institutional Reform Reduce Job Destruction and Unemployment Duration? Yes it Can
International Monetary Fund (IMF); International … - 2012
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position along the curve reveals its preferences over the...
Persistent link: https://www.econbiz.de/10009654152
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The Spanish Labor Market in a Cross-Country Perspective
Jaumotte, Florence - International Monetary Fund (IMF) - 2011
with the EU15, Spanish labor market institutions and policies stand out by the structure of its collective bargaining … quantitative analysis, the paper shows that moving away from the intermediate level of bargaining would go a long way toward … reducing employment protection of permanent workers. Substantially reforming the collective bargaining system and reducing the …
Persistent link: https://www.econbiz.de/10008839336
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The Costs and Benefits of Various Wage Bargaining Structures; An Empirical Exploration
Thomas, Alun H. - International Monetary Fund (IMF) - 2002
The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting … effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment … unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not …
Persistent link: https://www.econbiz.de/10005599636
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Eurosclerosis or Financial Collapse; Why Did Swedish Incomes Fall Behind?
Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2005
Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growth caused by distortionary policies. This paper argues rather, that the permanent...
Persistent link: https://www.econbiz.de/10005605036