Fiscal stimulus and labor market policies in Europe

Several contributions have recently assessed the size of fiscal multipliers both in RBC models and in New Keynesian models. This paper computes fiscal multipliers within a labor selection model with turnover costs and Nash bargained wages. We find that demand stimuli yield small multipliers, as they...

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Bibliographic details
Volume:	37
Main Author:	Faia, Ester Lechthaler, Wolfgang Merkl, Christian
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	AMSTERDAM Elsevier B.V 01.03.2013 ELSEVIER
published in:	Journal of economic dynamics & control Vol. 37; no. 3; pp. 483 - 499
Data of publication:	March 2013
ISSN:	0165-1889 1879-1743
EISSN:	1879-1743
Discipline:	Economics Statistics
Subjects:	Labor markets Short-time work unemployment Fiscal multipliers Fiscal packages Economics Business & Economics Social Sciences Labor market Statistics Employee turnover E62 H30 Fiscal packages H20 Labor markets Short-time work unemployment J20 Fiscal multipliers DEMAND COSTS MODELS GOVERNMENT
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Knowledge Web of Science - Social Sciences Citation Index - 2013 Web of Science CrossRef Academic OneFile (A&I only) Database information Databases - DBIS