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Is Unemployment on Steroids in Advanced Economies?*

Is Unemployment on Steroids in Advanced Economies?* »

Source: Is Unemployment on Steroids in Advanced Economies?

Volume/Issue: 2018/169

Series: IMF Working Papers

Author(s): Gabriel Di Bella , Francesco Grigoli , and Francisco Ramirez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2018

ISBN: 9781484367490

Keywords: Unemployment, Advanced economies, hysteresis, panel VAR, persistence, unit root

Despite conventional macroeconomic theory is based on the idea that demand shocks can only have temporary effects on unemployment, several European economies display highly persistent unemployment dynamics. The the...

Unemployment Persistence and Capital Shortage

Unemployment Persistence and Capital Shortage »

Source: Unemployment Persistence and Capital Shortage : The Case of Trinidad and Tobago

Volume/Issue: 1997/77

Series: IMF Working Papers

Author(s): Benedikt Braumann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1997

ISBN: 9781451956719

Keywords: Unemployment persistence, capital shortage, overlapping generations, savings, investment, monopolistic competition, real wages, wages, unemployment, employment

This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with endogenous labor supply and imperfect competition is presented. It is used to interpret the unu...

Is Unemployment on Steroids in Advanced Economies?

Is Unemployment on Steroids in Advanced Economies? »

Volume/Issue: 2018/169

Series: IMF Working Papers

Author(s): Gabriel Di Bella , Francesco Grigoli , and Francisco Ramirez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2018

DOI: http://dx.doi.org/10.5089/9781484367490.001

ISBN: 9781484367490

Keywords: Unemployment, Advanced economies, hysteresis, panel VAR, persistence, unit root

Despite conventional macroeconomic theory is based on the idea that demand shocks can only have temporary effects on unemployment, several European economies display highly persistent unemployment dynamics. The the...

Unemployment Persistence and Capital Shortage
			: The Case of Trinidad and Tobago

Unemployment Persistence and Capital Shortage : The Case of Trinidad and Tobago »

Volume/Issue: 1997/77

Series: IMF Working Papers

Author(s): Benedikt Braumann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1997

DOI: http://dx.doi.org/10.5089/9781451956719.001

ISBN: 9781451956719

Keywords: Unemployment persistence, capital shortage, overlapping generations, savings, investment, monopolistic competition, real wages, wages, unemployment, employment

This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with endogenous labor supply and imperfect competition is presented. It is used to interpret the unu...