[PDF] Top 20 Essays on labor markets and macroeconomic policy

... The policy maker faces four sources of inefficiency: price stickiness, mo- nopolistic competition, the congestion externality following from labor market frictions and the composition externality ... See full document

... literature on health comes to a conclusion that health is very important in determining later life ...Currie and Gruber (1996a,b) study the ef- fects of the Medicaid expansion to pregnant women and ... See full document

... decreases labor force ...short- and long-term unemployed jobseekers towards the private sector than a public vacancy ...job and become more efficient in their matching and for that reason it ... See full document

... (Frenkel and González Rozada 1999) shows that none was an exception to the trends described ...exports) and also with respect to the composition of the corresponding increase in supply (domestic output plus ... See full document

... the policy instrument dies off in the long-run. A change in the policy rule, however, has a permanent real effect since it alters the steady state equilibrium level of ...mass and they internalize ... See full document

... new and has been already discussed by Woodford (1990) and Holm- strom and Tirole ...limit on the saving capacity of firms. On the contrary, the government, thanks to its assumed ability ... See full document

... easy-credit/negative-real-interest-rate policy to disappear from agents’ ...inflation and expected dividend growth deserves particular ...significant and negative, implying ... See full document

... countries and the methodology employed is the SVAR technique where identification is achieved via sign ...based on Pappa (2009) and applies the restrictions that government spending shocks are the ... See full document

... evidence on central banks’ reaction to financial instability is rather ...Bernanke and Gertler, 1999, 2001; Cecchetti et al., 2000; Bordo and Jeanne, 2002), some studies tested the response of ... See full document

... output and investment to the same shock is not only ampli…ed but also more persistent than in the frictionless ...worth and monitoring costs, an increase in the proportion of internal funds provided by ... See full document

... monetary policy conduct of targeting a mon- etary aggregate may or may not favor the stability properties of an ...possible and a plausible outcome of a basic model with an exogenous money growth ... See full document

... Corsetti and Pesenti (2005) and De- Paoli (2004) find that domestic inflation is not always the optimal ...not on which inflation to target but more on the general ques- tion of whether the ... See full document

... of labor market shocks in a standard incomplete markets heterogeneous agent model, in the spirit of Chang and Kim (2007) and Krusell et ...gender and marital status. In our model, ... See full document

... greater macroeconomic stability during the years before the crisis, suffered from sig- nificantly larger downturns during the Great Recession of 2008-09, and ex- perienced a slower recovery in the following ... See full document

... if labor productivity declines given the higher ...consumption and invest- ment (the latter is generated by a monetary rule that reacts with a coefficient bigger than one on ...inflation). On ... See full document

... countries and shaken financial systems all over the ...balances and rise considerable concern about fiscal solvency of some ...spending and raising ...arise, and they might lead to fiscal ... See full document

... sector and in per capita income can be accounted by policies that increases the entry cost in the formal ...sector and a lower per capita income ...barriers, and they are consistent with Djankov et ... See full document

... set and any wage within this set implies private efficiency in the worker-firm ...worker and the firm thus must agree on a specific wage from the bargaining ...norm, and shows that such a rule ... See full document

... labour and intermediates to better capture the complex, inter-connected nature of production in modern economies through input-output ...credit on production through a model of input-output linkages will ... See full document

... focus on men born between 1948 and 1971, that is between 25 and 48 years old in ...information on type of contract is not ...Fishing and other minor special ...disregarded and, ... See full document