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1“...The paper investigates how endogenous markups affect the extent to which policy reforms can influence international competitiveness. In a two-country model...”
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2by Dossche, Maarten Lewis, Vivien Poilly, Céline Published in Journal of monetary economics (01.06.2019)“...•We investigate the interaction between hours and employment under intra-firm bargaining.•Firms overhire to strategically reduce wages of all existing...”
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3“...Two business cycle models with endogenous firm and product entry are estimated by matching impulse responses to a monetary policy shock. The ‘competition...”
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4“...•Supply noise and demand noise shocks are identified through a sign-restricted SVAR model.•Assumptions on the conditional correlation of nowcast errors about...”
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5“...We show that credit market imperfections substantially increase the government-spending multiplier when the economy enters a liquidity trap. This finding is...”
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6by Bacchetta, Philippe Benhima, Kenza Poilly, Céline Published in American economic journal. Macroeconomics (01.07.2019)“...In the aftermath of the US financial crisis, both a sharp drop in employment and a surge in corporate cash have been observed. In this paper, based on US data,...”
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7by Poilly, Céline Published in Journal of economic dynamics & control (2010)“...This paper investigates how the identification assumptions of monetary policy shocks modify the inference in a standard DSGE model. Considering SVAR models in...”
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8“...•What is the effect on welfare of a cut in unemployment benefits and firing costs?•Welfare is reduced by lower firing costs, unlike for unemployment...”
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9“...To identify the labor market reforms that offer the highest payoff, we develop a medium-scale two-country model representing a currency union featuring real...”
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10“...Dans cet article, nous évaluons le ratio de sacrifice de la zone euro à partir d'une maquette structurelle de petite taille. Cette dernière incorpore des...”
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11“...Two business cycle models with endogenous firm and product entry are estimated by matching impulse responses to a monetary policy shock. The ‘competition...”
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12“...This paper investigates the role of labor markets heterogeneity in a monetary union and especially what are the welfare gains/costs of labor market reforms for...”
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14by Poilly, Céline Published in Journal of Economic Dynamics and Control (2010)“...This paper investigates how the identification assumptions of monetary policy shocks modify the inference in a standard DSGE model. Considering SVAR models in...”
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18“...In this paper, we ask whether a small structural model with sticky prices and wages, embedding various modelling devices designed to increase the degree of...”
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20“...We investigate identification issues in estimated Taylor rules. Embedding two alternative views about monetary policy, inertia versus serially correlated...”