Browsing Working Papers by Subject "Business Cycles"

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Browsing Working Papers by Subject "Business Cycles"

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    Title: Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks  Author(s): FACCINI, Renato; ORTIGUEIRA, Salvador Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Shocks to investment-specific technology have been identified as a main source of U.S. aggregate output volatility. In this paper we assess the contribution of these shocks to the volatility of labor market variables, ...
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    Title: Business Cycle Analysis and VARMA Models  Author(s): KASCHA, Christian; MERTENS, Karl Date: 2006 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: An important question in empirical macroeconomics is whether structural vector autoregressions (SVARs) can reliably discriminate between competing DSGE models. Several recent papers have sug- gested that one reason SVARs ...
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    Title: Strategic Wage Bargaining, Labor Market Volatility and Persistence  Author(s): HERTWECK, Matthias S. Date: 2006 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper modifies the standard Mortensen-Pissarides job matching model in order to explain the cyclical behavior of vacancies and unemployment. The modifications include strategic wage bargaining (Hall and Milgrom, ...