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1by Bonam, D.A.R Published in Journal of money, credit and banking (01.02.2021)“...Earlier studies on the stability of monetary unions show that an inflation‐targeting central bank imposes strict budgetary requirements on fiscal policy to...”
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2“...We develop a model that, at the aggregate level, is similar to the one-sector neoclassical growth model; at the disaggregate level, it has implications for the...”
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3by MICHAEL W. L. ELSBY BART HOBIJN AYŞEGÜL ŞAHİN Published in Brookings papers on economic activity (2013)“...Over the past quarter century, labor's share of income in the United States has trended downward, reaching its lowest level in the postwar period after the...”
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4“...Earnings gaps between black and white workers have widened over the past 30–40 years. This increase is not explained by differences in observed demographics or...”
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5“...Aggregate real wages exhibit less procyclicality than most macroeconomic models predict. We use 35 years of Current Population Survey data to confirm that the...”
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6by Michael W. L. Elsby Bart Hobijn Ayşegül Şahin Published in The review of economics and statistics (01.05.2013)“...We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment using publicly available data for fourteen OECD economies...”
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7by Elsby, Michael W.L Hobijn, Bart Şahin, Ayşegül Published in Journal of monetary economics (01.05.2015)“...Conventional analyses of labor market fluctuations ascribe a minor role to labor force participation. We show, by contrast, that flows-based analyses imply...”
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8by Carrillo-Tudela, Carlos Hobijn, Bart She, Powen Visschers, Ludo Published in European economic review (01.05.2016)“...Using quarterly data for the U.K. from 1993 through 2012, we document that the extent of worker reallocation across occupations or industries (a career change,...”
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9by MICHAEL W. L. ELSBY BART HOBIJN AYŞEGÜL ŞAHİN LAWRENCE F. KATZ ROBERT SHIMER Published in Brookings papers on economic activity (01.04.2010)“...From the perspective of a wide range of labor market outcomes, the recession that began in 2007 represents the deepest downturn in the postwar era. Early on,...”
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10“...We introduce a model of monetary policy with downward nominal wage rigidities and show that both the slope and curvature of the Phillips curve depend on the...”
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11“...This paper explores whether lobbies slow down technology diffusion. To answer this question, we exploit the differential effect of various institutional...”
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12by Mary C. Daly Bart Hobijn Ayşcegül Şahin Robert G. Valletta Published in The Journal of economic perspectives (01.07.2012)“...The U.S. unemployment rate has remained stubbornly high since the 2007–2009 recession, leading some observers to conclude that structural rather than cyclical...”
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13“...The paper documents the shift in the Beveridge curve in the United States since the Great Recession. It argues that a decline in quits, the relatively poor...”
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14“...Why did the stock market decline so much in the early 1970's and remain low until the early 1980's? We argue that it was because information technology arrived...”
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15by Diego Comin Bart Hobijn Emilie Rovito Published in Journal of economic growth (Boston, Mass.) (01.12.2008)“...We present evidence on the differences in the intensity with which ten major technologies are used in 185 countries across the world. We do so by calculating...”
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16by Bart Hobijn Federico Ravenna Andrea Tambalotti Published in The Quarterly journal of economics (01.08.2006)“...Restaurant prices in the euro area increased dramatically after the introduction of the euro. We show that this increase can be explained by a common menu cost...”
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17by MICHAEL W. L. ELSBY BART HOBIJN AYŞEGÜL ŞAHİN ROBERT G. VALLETTA BETSEY STEVENSON ANDREW LANGAN Published in Brookings papers on economic activity (01.10.2011)“...Since the end of the Great Recession in mid-2009, the unemployment rate has recovered slowly, falling by only 1 percentage point from its peak by September...”
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18“...The United States and France have very similar labor productivity levels while there are considerable differences between the firm‐size distributions and firm...”
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20by Stefano Eusepi Bart Hobijn Andrea Tambalotti Published in American economic journal. Macroeconomics (01.07.2011)“...We construct a PCE-based price index whose weights minimize the welfare costs of nominal distortions: a cost-of-nominal-distortions index. We compute these...”