Determinants of Unemployment Duration Over the Business Cycle in Finland
Author :
Publisher :
Page : pages
File Size : 49,62 MB
Release : 2008
Category :
ISBN :
Author :
Publisher :
Page : pages
File Size : 49,62 MB
Release : 2008
Category :
ISBN :
Author : Olympia Bover
Publisher : Banco de Espana Servicio de Estudios
Page : 78 pages
File Size : 17,56 MB
Release : 1996
Category : Business cycles
ISBN :
Based on a sample of unemployed men taken from the Spanish Labour Force Survey during the period 1987-1994.
Author : Juha Kettunen
Publisher : Etla
Page : 230 pages
File Size : 38,81 MB
Release : 1997
Category : Labor market
ISBN :
Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
Page : 50 pages
File Size : 49,98 MB
Release : 2020-05-29
Category : Business & Economics
ISBN : 1513536990
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.
Author : Hielke Buddelmeyer
Publisher :
Page : 92 pages
File Size : 41,14 MB
Release : 2004
Category : Business cycles
ISBN :
Recoge: 1. Introduction - 2. Some theory: the factors influencing part-time employment - 3. The framework of the empirical analysis - 4. The effect of the businnes cycle on part-time employment in the short to medium run - 5. The influence of institutions and other structural variables on the part-time employment rate in the longer run - 6. Conclusions.
Author : Zidong An
Publisher : International Monetary Fund
Page : 22 pages
File Size : 50,14 MB
Release : 2021-11-12
Category : Business & Economics
ISBN : 1616356049
The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and developing economies. Second, youth’s unemployment is twice as sensitive as that of adults’. Third, women’s unemployment is significantly less sensitive to demand than men’s in advanced economies. These findings point to the highly unequal impacts of the business cycle across worker and economy groups.
Author : Julio A. Santaella
Publisher : International Monetary Fund
Page : 42 pages
File Size : 34,90 MB
Release : 1995-01-01
Category : Business & Economics
ISBN : 145196045X
This paper examines the problem of unemployment in Ireland. A brief description of the main distinctive features of the structure of Irish unemployment is presented. Based on up to date literature, the possible causes behind unemployment are reviewed. Empirical studies that have quantified the contributions of different determinants to the increase in Irish unemployment are also surveyed. The paper concludes with some policy suggestions.
Author : Klaus-Peter Hellwig
Publisher : International Monetary Fund
Page : 35 pages
File Size : 33,13 MB
Release : 2021-03-12
Category : Business & Economics
ISBN : 1513572687
I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.
Author : Mr.Ayhan Kose
Publisher : International Monetary Fund
Page : 51 pages
File Size : 49,35 MB
Release : 2008-06-01
Category : Business & Economics
ISBN : 1451870019
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose macroeconomic fluctuations in key macroeconomic aggregates-output, consumption, and investment-into different factors. These are: (i) a global factor, which picks up fluctuations that are common across all variables and countries; (ii) three group-specific factors, which capture fluctuations that are common to all variables and all countries within each group of countries; (iii) country factors, which are common across all aggregates in a given country; and (iv) idiosyncratic factors specific to each time series. Our main result is that, during the period of globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies and among the group of emerging market economies. Surprisingly, there has been a concomitant decline in the relative importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups of countries but divergence (or decoupling) between them.
Author : Stephen Machin
Publisher :
Page : 68 pages
File Size : 21,8 MB
Release : 1998
Category : Economics
ISBN :