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the labor market and analyze the transmission of the shocks to the natural rate of unemployment and production. In a first …
Persistent link: https://www.econbiz.de/10014310081
, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …
Persistent link: https://www.econbiz.de/10013168711
between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked … lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …
Persistent link: https://www.econbiz.de/10011877095
The paper offers a brief reconstruction of the varying fortunes of the Charter of Workers' Rights, interpreted in light of the evolution of economic thinking on the role of the market - especially of the labor market - and on the reversal that has been made of the role of labor policy in...
Persistent link: https://www.econbiz.de/10013175064
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rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper … model is able to replicate the conditional volatilities of job finding and unemployment. However, it fails to replicate the … correlation of productivity with unemployment and job finding that is conditional on both technology and nontechnology shocks. …
Persistent link: https://www.econbiz.de/10011756844
We identify the main shock driving fluctuations in long‐horizon productivity expectations, consistent with theories of TFP news. The identified shock induces strong comovement patterns in output, consumption, investment, employment, and stock prices even though TFP does not change...
Persistent link: https://www.econbiz.de/10014362540
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