Download or read book Hysteresis and the European Unemployment Problem Revisited written by Jordi Galí and published by . This book was released on 2015 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some shocks have permanent effects on that variable. I explore possible sources of this nonstationarity through the lens of a New Keynesian model with unemployment, and assess their empirical relevance.

Download or read book Hysteresis and the European Unemployment Problem Revisited written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hysteresis Revisited written by R. H. Jones and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hysteresis in Unemployment Revisited written by Jun-De Lee and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies the panel LM unit root tests with heterogeneous structural breaks in level by Im"et al. (Oxford Bulletin of Economics and Statistics, 67 (2005), pp. 393-419) to re-examine the validity of hysteresis in the unemployment rates of 19 OECD countries. Our empirical findings are favourable to the stationarity of the unemployment rates, i.e., the unemployment hysteresis hypothesis is strongly rejected. Our results suggest that shocks to unemployment rates are temporary and soon converge when we control for breaks. A major policy implication of the study is that a fiscal or monetary stabilization policy would not have permanent effects on the unemployment rates of the 19 OECD countries.

Download or read book Unemployment Persistence written by Frederic Karame and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Unemployment Hysteresis and the Natural Rate Hypothesis written by Rod Cross and published by . This book was released on 1988 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aimed at economists and students of macroeconomics and labour economics, this collection of essays covers topics ranging from hysteresis and the natural rate to characteristics of the unemployed.

Download or read book Unemployment Crisis written by Brian K. MacLean and published by McGill-Queen's Press - MQUP. This book was released on 1996-09-09 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arguing that the consequences of the unemployment crisis could have been avoided by better government policies, particularly less restrictive monetary control, the contributors examine the effect of the zero-inflation policy adopted by the Bank of Canada and the role of unemployment insurance on the unemployment crisis of recent years. Their analysis includes discussion of various facets of unemployment in France, Germany, and Japan for comparison. Contents Introduction - Brian K. MacLean and Lars Osberg Digging a Hole or Laying the Foundation? The Objectives of Macroeconomic Policy in Canada - Lars Osberg The Unbearable Lightness of Zero-Inflation Optimism - Pierre Fortin (UQAM) Real Interest Rates and Unemployment - John Smithin (York) Using the NAIRU as a Basis for Macroeconomic Policy: An Evaluation - Mark Setterfield (Trinity College) Does Unemployment Insurance Increase Unemployment? - Shelley Phipps (Dalhousie) Why Do We Know So Little About Unemployment Determination and UI Effects? - Tony Myatt (UNB) Unemployment Insurance and Unemployment - Revisited - Lars Osberg The Rise of Unemployment in Ontario - Andrew Sharpe (Centre for the Study of Living Standards) Unemployment among Canada's Aboriginal Peoples - Helmar Drost (York) Unemployment Persistence in France and Germany - Dominique Gross (Simon Fraser) Low Unemployment in Japan: The Product of Socio-economic Coherence - Patrice de Broucker (Statistics Canada) A Macroeconomic Policy Package for the 1990s - Mike McCracken (Informetrica). Both critical of past performance and optimistic about future possibilities, The Unemployment Crisis makes a timely and valuable addition to current literature on economic policy.

Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Hysteresis in West German Unemployment Reconsidered written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hysteresis in Unemployment and Jobless Recoveries written by Dmitry Plotnikov and published by International Monetary Fund. This book was released on 2014-05-06 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops and estimates a general equilibrium rational expectations model with search and multiple equilibria where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession and over the entire postwar period.

Download or read book Some Evidence on Hysteresis in Unemployment Rates written by Albert Jaeger and published by . This book was released on 1991 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Measure of Hysteresis in Unemployment Rates written by Albert Jaeger and published by . This book was released on 1990 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Common Trends and Hysteresis in Unemployment written by Tor Jacobson and published by . This book was released on 1994 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hysteresis in West German Unemployment Reconsidered written by Michael Reutter and published by . This book was released on 2000 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Testing for Hysteresis in Unemployment written by Albert Jäger and published by . This book was released on 1989 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Rate and Direction of Inventive Activity Revisited written by Josh Lerner and published by University of Chicago Press. This book was released on 2012-04-15 with total page 715 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers contributions to questions relating to the economics of innovation and technological change. Central to the development of new technologies are institutional environments and among the topics discussed are the roles played by universities and the ways in which the allocation of funds affects innovation.

Download or read book Unemployment Hysteresis and Capacity written by Terry O'Shaughnessy and published by . This book was released on 2001 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: