Can a Matching Model Explain the Long-run Increase in Canada's Unemployment Rate? [electronic Resource] PDF Download
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Author: Bank of Canada
Publisher:
ISBN: 9780662270485
Category : Unemployment
Languages : en
Pages : 63
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Book Description
This paper attempts to quantify the contribution of observed changes in Canada's unemployment insurance (UI) system to the increased unemployment rate observed in the late 1970s and 1980s. The study uses a calibrated general equilibrium model of the Canadian economy which combines the standard representative agent growth model with a matching model of the labour market. Alternative explanations are considered for the higher unemployment rate, and the relative importance of changes in the UI system is evaluated. In particular, the paper studies the role of layoff costs and distortionary taxes. To put the effects of policy variables in perspective, the effects of the slowdown in total factor productivity growth are examined.
![Can a Matching Model Explain the Long-run Increase in Canada's Unemployment Rate? [electronic Resource] PDF](https://books.google.com/books/content/images/frontcover/xc83wAEACAAJ?fife=w80-h100)
Author: Bank of Canada
Publisher:
ISBN: 9780662270485
Category : Unemployment
Languages : en
Pages : 63
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Book Description
This paper attempts to quantify the contribution of observed changes in Canada's unemployment insurance (UI) system to the increased unemployment rate observed in the late 1970s and 1980s. The study uses a calibrated general equilibrium model of the Canadian economy which combines the standard representative agent growth model with a matching model of the labour market. Alternative explanations are considered for the higher unemployment rate, and the relative importance of changes in the UI system is evaluated. In particular, the paper studies the role of layoff costs and distortionary taxes. To put the effects of policy variables in perspective, the effects of the slowdown in total factor productivity growth are examined.
Author: Andreas Hornstein
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 63
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The Federal Reserve Bank of Richmond presents the full text of the January 28, 1998 working paper entitled "Can a Matching Model Explain the Long-run Increase in Canada's Unemployment Rate?," written by Andreas Hornstein and Mingwei Yuan. The text is available in PDF format. This paper develops a simple general equilibrium model of unemployment and modifies it to the Canadian economy. The authors consider a more generous unemployment insurance system, higher layoff costs, higher distortionary taxes, and a slower rate of productivity growth as factors of the Canadian unemployment rate.
Author: Masudul Alam Choudhury
Publisher: University Press of America
ISBN: 9780819195265
Category : Business & Economics
Languages : en
Pages : 428
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Book Description
This book introduces students to the present state of the art in the economics of institutionalism and social policy. It also introduces the reader to a critique of mainstream economic thinking, followed by the development of a humanistic social interaction model of economic institutions, behavior, and social policy. The author takes a broad look at some of the major problems of social institutions and policy in the Canadian context. Contents: List of Figures; List of Tables; Acknowledgments; Introduction; Economics and Social Institutions; The Nature of Economic Theory; Resolution of the Great Economic Problems of Contemporary Times; Economic Issues of the Public Sector; Economic Problems of the Private Sector; Socio-Economic Issues Related to the Problem of Poverty; Economic Growth and Development; Regional Economic Development; Labour Market; Inflation and Unemployment; Social Contractarianism for Humanistic Institutionalism; Economics of Canadian Constitutional Provisions under the Unity Accord; Institution-Economy Interface of Canadian Debt and Deficits.
Author: Daniel Vernon Gordon
Publisher: Calgary : University of Calgary Press
ISBN: 9781895176681
Category : Business & Economics
Languages : en
Pages : 528
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Book Description
The recent catastrophe in Atlantic fisheries resource management has important national and international implications that we would ignore at our peril. While Atlantic Canada is the specific focus of the papers in this book, the problems addressed are global. A fundamental reorientation of the economics of fisheries management is needed in which far greater prominence is given to the role of uncertainty.
Author: Matthew Bishop
Publisher: Bloomberg Press
ISBN: 9781861975805
Category : Business & Economics
Languages : en
Pages : 282
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Book Description
Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
ISBN: 1451854781
Category : Business & Economics
Languages : en
Pages : 98
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Book Description
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 24
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Book Description
Author: Olivier Blanchard
Publisher:
ISBN: 9781292360911
Category : Europe
Languages : en
Pages : 0
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Book Description
This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed. For intermediate courses in economics. A unified view of the latest macroeconomic events In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organized into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and two major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps students make sense not only of current macroeconomic events but also of those that may unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey the life of macroeconomics today, reinforce lessons from the models, and help students employ and develop their analytical and evaluative skills. Also available with MyLab Economics By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.
Author: Peter J. N. Sinclair
Publisher: Routledge
ISBN: 1135179778
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
