Sommergibili e mezzi di assalto subacquei italiani 1
In: Le navi d'italia 6
In: Sommergibili e mezzi di assalto subacquei italiani 1
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In: Le navi d'italia 6
In: Sommergibili e mezzi di assalto subacquei italiani 1
In: Le navi d'italia 6
In: Sommergibili e mezzi di assalto subacquei italiani 2
In: European economy
In: Economic papers 323
In: Discussion paper series 5751
In: International trade and public policy
In: Economic papers 202
In: European economy
In: Discussion paper series 2774
In: International trade
In: Cielo e mare
In: CORE discussion paper 9574
In: IZA journal of labor policy, Band 2, Heft 1
ISSN: 2193-9004
Abstract
This paper estimates the impact of fiscal consolidation on unemployment and job market flows across EU countries using a recent database of consolidation episodes built on the basis of a "narrative" approach (Devries et al., 2011). Results show that the impact of fiscal consolidation on cyclical unemployment is temporary and significant mostly for expenditure measures. As expected, the impact of fiscal policy shocks on job separation rates is much stronger in low-EPL countries, while for high-EPL countries there is a stronger reduction in the rate at which new jobs are created. Since a reduced job-finding rate corresponds to a longer average duration of unemployment spells, fiscal policy shocks also tend to have a stronger impact on long-term unemployment if EPL for permanent contracts is stricter.
JEL codes
E62, J63, J65
This paper estimates the impact of fiscal consolidation on unemployment and job market flows across EU countries using a recent database of consolidation episodes built on the basis of a 'narrative' approach (Devries et al., 2011). Results show that the impact of fiscal consolidation on cyclical unemployment is temporary and significant mostly for expenditure measures. As expected, the impact of fiscal policy shocks on job separation rates is much stronger in low-EPL countries, while for high-EPL countries there is a stronger reduction in the rate at which new jobs are created. Since a reduced job-finding rate corresponds to a longer average duration of unemployment spells, fiscal policy shocks also tend to have a stronger impact on long-term unemployment if EPL for permanent contracts is stricter.
BASE
In: IZA journal of labor policy, Band 2, S. 18
ISSN: 2193-9004
In: http://www.izajolp.com/content/2/1/8
Abstract This paper estimates the impact of fiscal consolidation on unemployment and job market flows across EU countries using a recent database of consolidation episodes built on the basis of a "narrative" approach (Devries et al., 2011). Results show that the impact of fiscal consolidation on cyclical unemployment is temporary and significant mostly for expenditure measures. As expected, the impact of fiscal policy shocks on job separation rates is much stronger in low-EPL countries, while for high-EPL countries there is a stronger reduction in the rate at which new jobs are created. Since a reduced job-finding rate corresponds to a longer average duration of unemployment spells, fiscal policy shocks also tend to have a stronger impact on long-term unemployment if EPL for permanent contracts is stricter. JEL codes E62, J63, J65
BASE
This paper estimates the impact of fiscal consolidation on unemployment and job market flows across EU countries using a recent database of consolidation episodes built on the basis of a "narrative" approach (Devries et al., 2011). Results show that the impact of fiscal consolidation on cyclical unemployment is temporary and significant mostly for expenditure measures. As expected, the impact of fiscal policy shocks on job separation rates is much stronger in low-EPL countries, while high-EPL countries suffer from a stronger reduction in the rate at which new jobs are created. Since a reduced job-finding rate corresponds to a longer average duration of unemployment spells, fiscal policy shocks also tend to have a stronger impact on long-term unemployment if EPL is stricter. Results are broadly confirmed when using top-down fiscal consolidation measures based on adjusting budgetary data for the cycle.
BASE
In: Journal of economics, Band 71, Heft 2, S. 133-147
ISSN: 1617-7134