Do Real Wages Respond Asymmetrically To Unemployment Shocks Evidence From The U S And Canada
DOWNLOAD
Download Do Real Wages Respond Asymmetrically To Unemployment Shocks Evidence From The U S And Canada PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Do Real Wages Respond Asymmetrically To Unemployment Shocks Evidence From The U S And Canada book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Do Real Wages Respond Asymmetrically To Unemployment Shocks Evidence From The U S And Canada
DOWNLOAD
Author : Selahattin Dibooglu
language : en
Publisher:
Release Date : 2001
Do Real Wages Respond Asymmetrically To Unemployment Shocks Evidence From The U S And Canada written by Selahattin Dibooglu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Using a set of cointegration and error correction models with asymmetric adjustment, this paper investigates aggregate labor market adjustment in the U.S. and Canada in the post-1973 period. Empirical results show real wages, productivity, and unemployment are cointegrated. Adjustment towards the long-run equilibrium seems to be linear for the U.S. and non-linear for Canada. The dynamic adjustment of real wages to unemployment and productivity shocks show markedly different responses to positive shocks than negative shocks in Canada. However adjustment in the U.S. is mostly symmetric. This difference between the U.S. and Canadian real wage responses may provide an answer to the recent divergence of unemployment rates between the U.S. and Canada.
International Dimensions Of Monetary Policy
DOWNLOAD
Author : Jordi Galí
language : en
Publisher: University of Chicago Press
Release Date : 2010-03-15
International Dimensions Of Monetary Policy written by Jordi Galí and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-15 with Business & Economics categories.
United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Ibss Economics 2001
DOWNLOAD
Author : Compiled by the British Library of Political and Economic Science
language : en
Publisher: Psychology Press
Release Date : 2002-12
Ibss Economics 2001 written by Compiled by the British Library of Political and Economic Science and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12 with Economics categories.
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Economic Issues In Retrospect And Prospect Ii
DOWNLOAD
Author : Alexandra Górecka
language : en
Publisher: IJOPEC PUBLICATION
Release Date :
Economic Issues In Retrospect And Prospect Ii written by Alexandra Górecka and has been published by IJOPEC PUBLICATION this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
Hysteresis And Business Cycles
DOWNLOAD
Author : Ms.Valerie Cerra
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-29
Hysteresis And Business Cycles written by Ms.Valerie Cerra 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 2020-05-29 with Business & Economics categories.
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Cointegration
DOWNLOAD
Author : Juan José Dolado Lobregad
language : en
Publisher:
Release Date : 1987
Cointegration written by Juan José Dolado Lobregad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with categories.
The Effects Of Monetary Policy Shocks On Inequality
DOWNLOAD
Author : Davide Furceri
language : en
Publisher: International Monetary Fund
Release Date : 2017-01-18
The Effects Of Monetary Policy Shocks On Inequality written by Davide Furceri 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 2017-01-18 with Business & Economics categories.
This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market countries over the period 1990-2013, the paper finds that contractionary (expansionary) monetary actions increase (reduce) income inequality. The effect, however, varies over time, depending on the type of the shocks (tightening versus expansionary monetary policy) and the state of the business cycle, and across countries depending on the share of labor income and redistribution policies. In particular, we find that the effect is larger for positive monetary policy shocks, especially during expansions. Looking across countries, we find that the effect is larger in countries with higher labor share of income and smaller redistribution policies. Finally, while an unexpected increase in policy rates increases inequality, changes in policy rates driven by an increase in growth are associated with lower inequality.
Aanwinsten Van De Centrale Bibliotheek Queteletfonds
DOWNLOAD
Author : Bibliothèque centrale (Fonds Quetelet)
language : en
Publisher:
Release Date : 2002
Aanwinsten Van De Centrale Bibliotheek Queteletfonds written by Bibliothèque centrale (Fonds Quetelet) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
The Employment And Wage Effects Of Oil Price Changes
DOWNLOAD
Author : Mr.Eswar Prasad
language : en
Publisher: International Monetary Fund
Release Date : 1995-04-01
The Employment And Wage Effects Of Oil Price Changes written by Mr.Eswar Prasad 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 1995-04-01 with Business & Economics categories.
In this paper, we use micro panel data to examine the effects of oil price changes on employment and real wages, at the aggregate and industry levels. We also measure differences in the employment and wage responses for workers differentiated on the basis of skill level. We find that oil price increases result in a substantial decline in real wages for all workers, but raise the relative wage of skilled workers. The use of panel data econometric techniques to control for unobserved heterogeneity is essential to uncover this result, which is completely hidden in OLS estimates. We find that changes in oil prices induce changes in employment shares and relative wages across industries. However, we find little evidence that oil price changes cause labor to consistently flow into those sectors with relative wage increases.
The Indian Economic Journal
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2003
The Indian Economic Journal written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Economics categories.