Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can

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Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can

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Author : Mrs.Esther Perez Ruiz
language : en
Publisher: International Monetary Fund
Release Date : 2012-02-01

Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can written by Mrs.Esther Perez Ruiz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-01 with Business & Economics categories.

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 destruction-duration mix, while its distance from the origin indicates the unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment protection legislation to have opposing efects on destructions and durations, while the effects of the remaining key institutional factors on both variables tend to reinforce each other. Implementing the right reforms could reduce job destruction rates by about 0.05 to 0.25 percentage points and shorten unemployment spells by around 10 to 60 days. Consistent with this, unemployment rates would decline by between 0.75 and 5.5 percentage points, depending on a country's starting position.

Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can

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Author : Mrs.Esther Perez Ruiz
language : en
Publisher: International Monetary Fund
Release Date : 2012-02-01

Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can written by Mrs.Esther Perez Ruiz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-01 with Business & Economics categories.

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 destruction-duration mix, while its distance from the origin indicates the unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment protection legislation to have opposing efects on destructions and durations, while the effects of the remaining key institutional factors on both variables tend to reinforce each other. Implementing the right reforms could reduce job destruction rates by about 0.05 to 0.25 percentage points and shorten unemployment spells by around 10 to 60 days. Consistent with this, unemployment rates would decline by between 0.75 and 5.5 percentage points, depending on a country's starting position.

Can Institutional Reform Reduce Job Destruction And Unemployment Duration

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Author :
language : en
Publisher:
Release Date : 2012

Can Institutional Reform Reduce Job Destruction And Unemployment Duration written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.

Based on a panel of 20 OECD countries over the period of 1985 - 2008, explores how labour market policies affect the unemployment rate through its two defining factors, the duration of unemployment spells and job destructions rates. Suggests employment protection legislation to have opposing effects on destructions and durations, while the effects of the remaining key institutional factors on both variables tent to reinforce each other.

Labor Market Policies And Imf Advice In Advanced Economies During The Great Recession

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Author : Mr.Olivier J. Blanchard
language : en
Publisher: International Monetary Fund
Release Date : 2013-03-29

Labor Market Policies And Imf Advice In Advanced Economies During The Great Recession written by Mr.Olivier J. Blanchard and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-29 with Business & Economics categories.

This paper does two things. First, it articulates what are the main implications of theoretical and empirical research for design of labor market policies and labor market institutions. Second, in this light, the paper analyzes the IMF’s labor market recommendations since the beginning of the crisis, both in general, and more specifically in program countries

Fiscal Consolidation During Times Of High Unemployment

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Author : Mr.Ruy Lama
language : en
Publisher: International Monetary Fund
Release Date : 2015-12-10

Fiscal Consolidation During Times Of High Unemployment written by Mr.Ruy Lama and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-10 with Business & Economics categories.

This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open economy model with distortionary taxation and unemployment. We argue that the simultaneous reduction in the fiscal deficit and unemployment rate in this episode stems from two factors: (i) high growth rates of total factor productivity (TFP), experienced after the implementation of structural reforms; and (ii) a sustained wage restraint that occurred during the 1990s. The model simulations show that economic growth, accounted for mostly by TFP gains, improved the fiscal balance by 8 percentage points of GDP through an expansion of the tax base and fiscal revenues. Moreover, the combination of stable wages and higher TFP boosted net exports and led to a reduction in the unemployment rate. A counterfactual simulation assuming stagnant TFP shows that fiscal consolidation measures alone would have generated a double-digit unemployment rate without eliminating the fiscal deficit.

Fostering Growth In Europe Now

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Author : Ms.Bergljot Barkbu
language : en
Publisher: International Monetary Fund
Release Date : 2012-06-18

Fostering Growth In Europe Now written by Ms.Bergljot Barkbu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-18 with Business & Economics categories.

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Crisis Program Review

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-09-11

Crisis Program Review written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-11 with Business & Economics categories.

This paper provides an updated review of Fund-supported programs undertaken during the global financial crisis. It follows a series of previous reviews during 2009–12 that assessed program design and outcomes during the surge in Fund supported programs since 2008. The review covers experience during 2008–15 for 32 arrangements financed from the Fund's general resources account (GRA). It covers 27 countries for which arrangements were approved during September 2008–June 2013, with two years or more of program performance.

Portugal

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Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-01-18

Portugal written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-18 with Business & Economics categories.

Portugal’s economy is in deep recession, and the crisis has opened up a large output gap, with severe consequences for employment and government revenue. While the focus is on the medium- and long-term, this analysis also offers insights on how deep the output gap is. It also highlights ways in which policies and reforms can promote growth over the longer haul and suggests that achieving a 2-percent growth rate over the long term—consistent with moderate convergence growth—is a realistic objective.

Destruction By Design

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Author : Steven Owlett, EdD
language : en
Publisher: Page Publishing Inc
Release Date : 2024-09-30

Destruction By Design written by Steven Owlett, EdD and has been published by Page Publishing Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-09-30 with Political Science categories.

On the precipice of global upheaval, this book delves into the systemic forces threatening our way of life. From the erosion of public trust to the escalating climate crisis, from the psychological grip of social media to the economic stranglehold of debt, it paints a stark picture of a world teetering on the edge of chaos. But amidst the destruction, glimmerings of hope emerge. Systems thinking and complex adaptive approaches offer tools to navigate the ever-changing landscape. Insights from ancient wisdom like Sun Tzu's Art of War and historical giants like the Roman Empire provide lessons for resilience and adaptation. Modern advancements in science and technology, from CRISPR to AI, hold the potential for both profound destruction and unimaginable progress. The book's core lies in confronting the critical issues of our time: The erosion of trust, the breakdown of systems, threats to individual well-being, and the looming environmental and economic crises. Through a balanced exploration of diverse viewpoints, from skeptics to activists, the book equips readers with the tools to form informed opinions. It challenges readers to examine the world around them critically, break free from echo chambers, and develop informed perspectives on the most pressing issues of our time. Ultimately, this book is a call to action. It urges us to embrace systems thinking and diverse perspectives and actively participate in shaping our future. By understanding the complex forces at play and harnessing the power of innovative solutions, we can navigate the chaos and build a more resilient, just, and sustainable world for ourselves and future generations.

Fbis Daily Report

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Author :
language : en
Publisher:
Release Date : 1993

Fbis Daily Report written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Europe categories.