We study, both theoretically and empirically, how labor market regulation affects fiscal
multipliers. We focus on the stringency of employment protection legislation, a prominent …

This paper introduces endogenous product entry and exit based on creation and destruction
of product variety in a general equilibrium model. Recessionary technology shocks induce …

This paper explores the short-term employment effect of deregulating job protection for
regular workers and how it varies with prevailing business cycle conditions. We apply the …

This paper documents state dependence in labor market fluctuations. Using a Threshold
Vector-Autoregression model, we establish that the unemployment rate, the job separation …

We build a two‐country currency union dynamic stochastic general equilibrium (DSGE)
model with endogenous growth to assess the role of product market regulation (PMR) and …

Using sector-level survey data for the universe of Japanese firms, we establish the positive
co-movement in the firm's expectations about aggregate and sector-specific demand shocks …

In many countries, inflation has become less responsive to domestic factors and more
responsive to global factors over the past decades. We introduce money and credit into the …

This article assesses whether the intensity of product market competition is a factor affecting
economic growth (measured by the growth rate of real GDP per capita) and whether this …

We study empirically how various labor market institutions–(i) union density,(ii)
unemployment benefit remuneration, and (iii) employment protection–shape fiscal …

Bu çalışmada rekabetin gelir düzeyi üzerindeki etkisi, Doğu Avrupa geçiş ekonomileri
örneğinde panel veri yöntemleri yardımıyla araştırılmıştır. Çalışmada rekabet düzeyi …