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Author : Marco Bianchi
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (933 download)
Download or read book Unemployment Persistence Structural Factors and Hysteresis written by Marco Bianchi and published by . This book was released on 1994 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marco Bianchi
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (38 download)
Download or read book Unemployment Persistence, Structural Factors & Hysteresis written by Marco Bianchi and published by . This book was released on 1994* with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marco Bianchi
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (38 download)
Download or read book Unemployment Persistence, Structural Factors & Hysteresis written by Marco Bianchi and published by . This book was released on 1994 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Albert Jäger
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 (91 download)
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:
Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 1513536990
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)
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.
Author : Marco Bianchi
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (246 download)
Download or read book Unemployment Persistence, Structural Factors written by Marco Bianchi and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas Janoski
Publisher : John Wiley & Sons
ISBN 13 : 0745684130
Total Pages : 190 pages
Book Rating : 4.7/5 (456 download)
Download or read book The Causes of Structural Unemployment written by Thomas Janoski and published by John Wiley & Sons. This book was released on 2014-06-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a specter haunting advanced industrial countries: structural unemployment. Recent years have seen growing concern over declining jobs, and though corporate profits have picked up after the Great Recession of 2008, jobs have not. It is possible that “jobless recoveries” could become a permanent feature of Western economies. This illuminating book focuses on the employment futures of advanced industrial countries, providing readers with the sociological imagination to appreciate the bigger picture of where workers fit in the new international division of labor. The authors piece together a puzzle that reveals deep structural forces underlying unemployment: skills mismatches caused by a shift from manufacturing to service jobs; increased offshoring in search of lower wages; the rise of advanced communication and automated technologies; and the growing financialization of the global economy that aggravates all of these factors. Weaving together varied literatures and data, the authors also consider what actions and policy initiatives societies might take to alleviate these threats. Addressing a problem that should be front and center for political economists and policymakers, this book will be illuminating reading for students of the sociology of work, labor studies, inequality, and economic sociology.
Author : Stephen R. G. Jones
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 9780773513075
Total Pages : 186 pages
Book Rating : 4.5/5 (13 download)
Download or read book Persistence of Unemployment written by Stephen R. G. Jones and published by McGill-Queen's Press - MQUP. This book was released on 1995 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Persistence of Unemployment Stephen Jones presents a comprehensive assessment of persistent unemployment, specifically hysteresis, in Canadian labour markets.
Author : Dmitry Plotnikov
Publisher : International Monetary Fund
ISBN 13 : 1484372573
Total Pages : 37 pages
Book Rating : 4.4/5 (843 download)
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.
Author : Brian K. MacLean
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 0773566066
Total Pages : 275 pages
Book Rating : 4.7/5 (735 download)
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.
Author : Wolfgang Franz
Publisher : Springer Science & Business Media
ISBN 13 : 3642581633
Total Pages : 142 pages
Book Rating : 4.6/5 (425 download)
Download or read book Structural Unemployment written by Wolfgang Franz and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: High and persistent unemployment rates in Europe during the eighties gave rise to a lively discussion about the nature and causes of joblessness. Among other sources structural unemployment was blamed for the lack of response of unemployment to increasing aggregate demand. Renewed attention was thus devoted to an analysis of the magnitude and the development of structural unemployment as well to its possi ble determinants. In this literature, the Beveridge curve experienced a resurrection and, at first glance, it seemed to be an appropriate tool to analyse the aforementioned issues. However, it was soon recognized that the Beveridge curve, i. e. the relation between unemployment and vacancies, was anything but stable, thus requiring a care ful distinction between dynamic loops around a (stable?) long-run Beveridge curve and possible shifts due to, say, an increasing mismatch between labor supplied and demanded. The controversy is far from being settled at the time of this writing. This book contains a collection of hitherto unpublished papers which are devoted to a theoretical and econometric analysis of structural unemployment. The papers put considerable emphasis on the question to what extent the Beveridge curve can serve as an adequate tool for such studies. The countries under consideration are Germany and Austria. In what follows a very brief summary of each paper will be outlined. Franz and Siebeck present, at some length, a theoretical and econometric analysis of the Beveridge curve in Germany.
Author : Frederic Karame
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (535 download)
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:
Author : Christopher Tsoukis
Publisher : Oxford University Press, USA
ISBN 13 : 0198825374
Total Pages : 735 pages
Book Rating : 4.1/5 (988 download)
Download or read book Theory of Macroeconomic Policy written by Christopher Tsoukis and published by Oxford University Press, USA. This book was released on 2020 with total page 735 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory of Macroeconomic Policy offers a panoramic view of macroeconomic theory as a foundation for understanding macroeconomic, fiscal and monetary, policy.
Author : Arnaud Dupuy
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (112 download)
Download or read book The Nature of Occupational Unemployment Rates in the United States: Hysteresis Or Structural?. written by Arnaud Dupuy and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper provides new evidence on the nature of occupational differences in unemployment dynamics, which is relevant for the debate between the structural or hysteresis hypotheses. We develop a procedure that permits us to test for the presence of a structural break at unknown date. Our approach allows the investigation of a broader range of persistence than the 0/1 paradigm about the order of integration, usually implemented for testing the hypothesis of hysteresis in occupational unemployment. In almost all occupations, we find support for both the structuralist and the hysteresis hypotheses, but stress the importance of estimating the degree of persistence of seasonal shocks along with the degree of long-run persistence on raw data without applying seasonal filters. Indeed hysteresis appears to be underestimated when data are initially adjusted using traditional seasonal filters
Author : Derek Leslie
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (85 download)
Download or read book Hysteresis Versus Persistence in Unemployment written by Derek Leslie and published by . This book was released on 1994 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Jeffrey R. Franks
Publisher : International Monetary Fund
ISBN 13 : 1451852576
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)
Download or read book Explaining Unemployment in Spain written by Mr.Jeffrey R. Franks and published by International Monetary Fund. This book was released on 1994-09-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.
Author : Albert Jaeger
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.3/5 (91 download)
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:
