Problem. Hashmat Khan. John Tsoukalas. Carleton University University of Nottingham. Discussant: Panayiotis M. Pourpourides. Cardiff Business School ...
Oct 5, 2007 - findings, however, are sensitive to the use of convex rather than linear hiring costs, and generates a countercyclical .... can see in Table 1, the separation rate displays a clearly phase shift in the direction of leading labor market
(2010, 2011) find that investment shocks are the main driver of business cycle fluctuations in the US economy. ..... accounting for the labor market friction. ... We fix the volatility of the long-run shocks to be a small percentage ...... This impli
de Val`encia and the 2008 ADRES/EDHEC conference on 'Labor Market Outcomes: ..... call for business cycle models where this overshooting property of labor ...
Jun 20, 2011 - where Ït is the shadow value of marginal cost. For any firm j surviving bankruptcy this period, the difference between the ex-post contribution from capital and the ex-ante financing cost of cap- ital is added to next period's net wor
Sep 12, 2012 - Phone: +49-241-8096203. .... is a declining function of the wealth bias in the political system. ..... we need to adapt the fixed-point iteration procedure used in com- ..... However, we do not want to limit our analysis to business cy
real business cycles model with trade in both intermediate and final goods. .... technology weights Ïx .... benefits countries that use country k goods as inputs.
What is the effect of technology shocks on hours/employment? .... Technology Shocks and Job. Flows! .... Variance Decomposition at Business Cycle Frequency.
real business cycles model with trade in both intermediate and final goods. ..... this equation, I write the change in log output as a reduced form function of ...
incorporated into equilibrium business models to address a variety of issues. ... based on (i) highly correlated technology shocks between the market and the ..... use of total consumption provides two advantages: it represents the permanent.
Jun 6, 2010 - on Quantitative Finance 2009, the EFA Meeting, Bergen, 2009, the AFA Meeting .... importance in the broader process of economic risk-sharing.
Oct 5, 2016 - âWebsite of Chamber of Minesâ. http://chamberofmines.org.za (ac- .... âWebsite of National Treasuryâ. http://www.treasury.gov.za/ (accessed.
Oct 31, 2013 - Page 1 ... for various measures of the business cycle, micro uncertainty and forecast dispersion are both related to macro ... signals can create dispersion in forecasts and in earnings, which is micro uncertainty. But how do ...
Aug 23, 2010 - generating a negative comovement between unemployment and job vacancies (Abraham and. Katz, 1986). And models of wage rigidities ran ...
Dec 15, 2011 - albeit not the dominant, source of movements in the real euro-dollar exchange rate. First, the dollar ..... Problems of low power in these tests are well known. Indeed, Alquist .... Our results do not stand in sharp contrast with these
at the top of the graph denote years with judge replacement; black dots denote Nile .... The regressions in columns 4â6 omit all structures associated with death, ...
provided in the online appendix. The last year ... federal aid could generate an income effect that results in a greater demand for state-level expen- ditures. Also ...
9 Oct 2013 - But future work could use these same tools to measure uncertainty at any ..... normal filtering problem with unknown parameters that can be solved using the same tools as in the previous section. ..... the conditional variance of beliefs
so once again the determinant of A is positive. Therefore, the system represented by (21) and (22) is globally unstable. If the eigenvalues associated with the ...
Oct 5, 2016 - To check whether income opportunities is a plausible mechanism through which mining ... Poor availability of mining employment numbers and labor ...... âWebsite of Chamber of Minesâ. http://chamberofmines.org.za (ac-.
âHoon (School of Economics and Social Sciences, Singapore Management University, ... Email: [email protected]) and Phelps (Department of Economics, ...
Jun 8, 2017 - SED, Arizona State, Yale, Texas A&M, and the SFS Cavalcade. 1 ... 1For past work on the relationship of uncertainty and the business cycle, see, among others, Alexopoulos and ... The news shocks are also not small.