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Author : Andrew Figura
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.E/5 ( download)
Download or read book Explaining Cyclical Movements in Employment written by Andrew Figura and published by . This book was released on 2006 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Shimer
Publisher : Princeton University Press
ISBN 13 : 1400835232
Total Pages : 189 pages
Book Rating : 4.4/5 (8 download)
Download or read book Labor Markets and Business Cycles written by Robert Shimer and published by Princeton University Press. This book was released on 2010-04-12 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.
Author : Mariano Bosch
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4./5 ( download)
Download or read book Cyclical Movements in Unemployment and Informality in Developing Countries written by Mariano Bosch and published by World Bank Publications. This book was released on 2008 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Glasner
Publisher : Routledge
ISBN 13 : 1136545271
Total Pages : 800 pages
Book Rating : 4.1/5 (365 download)
Download or read book Business Cycles and Depressions written by David Glasner and published by Routledge. This book was released on 2013-12-16 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts define, review, and evaluate economic fluctuations Economic and business uncertainty dominate today's economic analyses. This new Encyclopedia illuminates the subject by offering 323 original articles on every major aspect of business cycles, fluctuations, financial crises, recessions, and depressions. The work of more than 200 experts, including many of the leading researchers in the field, the articles cover a broad range of subjects, including capsule biographies of leading economists born before 1920. Individual entries explore banking panics, the cobweb cycle, consumer durables, the depression of 1937-1938, Otto Eckstein, Friedrich Engels, experimental price bubbles, forced savings, lass-Steagall Act, Friedrich hagen, qualitative indicators, use of macro-econometric models, monetary neutrality, Phillips Curve, Paul Samuelson, Say's law, supply-side recessions, James Tokin, trend and random wages, Thorstein Veblen, worker-job turnover, and more.
Author : Zidong An
Publisher : International Monetary Fund
ISBN 13 : 1616356049
Total Pages : 22 pages
Book Rating : 4.6/5 (163 download)
Download or read book Okun's Law, Development, and Demographics: Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups written by Zidong An and published by International Monetary Fund. This book was released on 2021-11-12 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Todd A. Knoop
Publisher : Bloomsbury Publishing USA
ISBN 13 :
Total Pages : 348 pages
Book Rating : 4.2/5 (16 download)
Download or read book Business Cycle Economics written by Todd A. Knoop and published by Bloomsbury Publishing USA. This book was released on 2015-02-17 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the empirical data of business cycles and the theories that economists have developed to explain and prevent them, and considers case studies of recessions and depressions in the United States and internationally. Despite more than two centuries of debate, a definitive explanation of the causes of economic cycles still does not exist. Economists, politicians, and policymakers have argued many well-known theories as to why these peaks and slumps occur, and cyclical recessions and depressions continue in spite of the enormous intellectual reserves working to prevent them. This timely analysis presents a comprehensive overview of global economics, assessing older theories alongside of new ways of thinking to reveal the empirical methods needed to evaluate, forecast, and prevent future crises. Educator and economist Todd Knoop provides explanations of influential macroeconomic theories that have shaped modern economics, such as Keynesian economics, Neoclassical economics, Austrian economics, and New Keynesian economics. In addition, he considers case studies of specific recessions and depressions, beginning with the Great Depression through the East Asian crisis and Great Recession in Japan and culminating with a detailed examination of the European debt crisis and the 2008 global financial crisis. The work concludes with a look at the insights gained from these fiscal events as well as the major questions that still remain unanswered as a result of these crises.
Author : John Cunningham Wood
Publisher : Psychology Press
ISBN 13 : 9780415020053
Total Pages : 440 pages
Book Rating : 4.0/5 (2 download)
Download or read book Milton Friedman written by John Cunningham Wood and published by Psychology Press. This book was released on 1990 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a selection of the critical literature commenting on the life and work of Milton Friedman and so gives students of economics and economic thought immediate access to Friedman's work and shows how his work has been received and modified.
Author : Daniel Werner
Publisher : wbv Media GmbH & Company KG
ISBN 13 : 3763940766
Total Pages : 279 pages
Book Rating : 4.7/5 (639 download)
Download or read book The evolution of regional labor market disparities written by Daniel Werner and published by wbv Media GmbH & Company KG. This book was released on 2013-08-15 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zahlreiche Länder, so auch Deutschland, zeichnen sich durch ausgeprägte regionale Disparitäten auf dem Arbeitsmarkt aus. Regionalökonomische Studien liefern unterschiedlichste Ansätze, um die Existenz solcher Unterschiede zu erklären. Aber nur wenige Arbeiten geben Aufschluss über die Dynamik regionaler Arbeitsmarktdisparitäten: Nehmen diese im Zeitablauf zu, verringern sie sich oder bleiben sie stabil? Auch blenden die bisherigen Studien aus, welche Rolle Beschäftigtengruppen mit unterschiedlichem Qualifikationsniveau in diesem Prozess spielen. Die Arbeit von Daniel Werner schließt diese Lücken. Detailliert untersucht Werner zudem die Anpassungsprozesse nach regionalen Arbeitsmarktschocks. Sein Fazit: Die Mobilität der Arbeitskräfte - und hier insbesondere das Pendeln - ist der wichtigste Ausgleichsmechanismus.
Author : Chris Tilly
Publisher : Temple University Press
ISBN 13 : 1439903972
Total Pages : 241 pages
Book Rating : 4.4/5 (399 download)
Download or read book Half A Job written by Chris Tilly and published by Temple University Press. This book was released on 2010-07-07 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: An up-to-date and in-depth analysis of a disquieting trend in the U.S. labor market.
Author : Guillermo Perry
Publisher : World Bank Publications
ISBN 13 : 0821370936
Total Pages : 270 pages
Book Rating : 4.8/5 (213 download)
Download or read book Informality written by Guillermo Perry and published by World Bank Publications. This book was released on 2007 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes informality in Latin America, exploring root causes and reasons for and implications of its growth. This book uses two distinct but complementary lenses. It concludes that reducing informality levels and overcoming the "culture of informality" will require actions to increase aggregate productivity in the economy.
Author : G. C. Harcourt
Publisher : Routledge
ISBN 13 : 1134824157
Total Pages : 340 pages
Book Rating : 4.1/5 (348 download)
Download or read book The General Theory written by G. C. Harcourt and published by Routledge. This book was released on 2005-06-27 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume contains essays which relate to developments in Keynes' scholarship and theorizing in the years since his death and demonstrates the ongoing validity of the Keynesian tradition.
Author : Kenneth S. Rogoff
Publisher : MIT Press
ISBN 13 : 0262072726
Total Pages : 479 pages
Book Rating : 4.2/5 (62 download)
Download or read book NBER Macroeconomics Annual 2005 written by Kenneth S. Rogoff and published by MIT Press. This book was released on 2006-04 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 20th NBER Macroeconomics Annual, covering questions at the cutting edge of macroeconomics that are central to current policy debates.
Author : Aysegul Sahin
Publisher :
ISBN 13 : 9781457838200
Total Pages : 79 pages
Book Rating : 4.8/5 (382 download)
Download or read book Mismatch Unemployment written by Aysegul Sahin and published by . This book was released on 2012 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new database covering the universe of online U.S. job advertisements. Mismatch across industries and occupations explains at most 1/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share of the rise in unemployment explained by occupational mismatch is increasing in the education level.
Author : Todd A. Knoop
Publisher : Bloomsbury Publishing USA
ISBN 13 :
Total Pages : 285 pages
Book Rating : 4.2/5 (161 download)
Download or read book Recessions and Depressions written by Todd A. Knoop and published by Bloomsbury Publishing USA. This book was released on 2009-11-25 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an examination of the empirical data of business cycles, the theories that economists have developed to explain them, and major case studies of recessions and depressions both in the United States and internationally. When it first appeared in 2004, the first edition of Recessions and Depressions: Understanding Business Cycles offered readers an expertly guided tour through fundamental business cycle theories and the latest research on pivotal market failures. In the aftermath of the events of the 2008 economic crisis, Knoop offers an extensively updated new edition. As before, the second edition offers clear explanations of classical and Keynesian economic theory and how each has moved in and out of favor from the early 20th century to the present. It then provides detailed studies of major business-cycle downturns in the United States, from the Great Depression and postwar recessions to the "new" economy of the 1990s, the 2001 recession, and in an all-new chapter, the 2008 global financial crisis. The book also features an exhaustive update of statistical data, plus coverage of recent international crises in Argentina and Japan, and a new chapter on what we do and don't know about business cycles.
Author : John Maynard Keynes
Publisher : Atlantic Publishers & Dist
ISBN 13 : 9788126905911
Total Pages : 410 pages
Book Rating : 4.9/5 (59 download)
Download or read book General Theory Of Employment , Interest And Money written by John Maynard Keynes and published by Atlantic Publishers & Dist. This book was released on 2016-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
Author : United States. Congress. Economic Joint Committee
Publisher :
ISBN 13 :
Total Pages : 738 pages
Book Rating : 4.F/5 ( download)
Download or read book The Relationship of Prices to Economic Stability and Growth written by United States. Congress. Economic Joint Committee and published by . This book was released on 1958 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lloyd Appleton Metzler
Publisher : Harvard University Press
ISBN 13 : 9780674137752
Total Pages : 622 pages
Book Rating : 4.1/5 (377 download)
Download or read book Collected Papers written by Lloyd Appleton Metzler and published by Harvard University Press. This book was released on 1973 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt: The appearance of this volume in the Harvard Economic Studies merits a word of explanation. Metzler's doctoral thesis, "Interregional Income Generation," was accepted by Harvard University in 1942 and awarded the Wells Prize for the year 1944-45. Thus the prize essay now appears in print, vastly enriched by the company of Metzler's later papers, all of which have been lighly edited for consistency. The opening chapter of Metzler's thesis investigated the comparative statics and stability properties of a two-country world with Keynesian internal conditions. The second chapter of Metzler's thesis approached the classic "transfer problem" in the context of a Keynesian two-country model. The extensive final chapter of Metzler's thesis, which had not been published, dealt with financial equilibrium in the context of international capital transfers, augmenting the Keynesian income-equilibrium conditions that underlie the basic analysis of the foreign-trade multiplier with the requirement of equilibrium in the market for securities. Metzler's later work in international economics touched upon a number of topics. One of these was the joint influence of tariffs on the terms of trade and distribution of income, explored in two papers published in 1949. Metzler's contributions have also done much to advance the theory of monetary adjustments in the international economy.
