Budgetary policy and unemployment dynamics in an olg model with collective bargaining

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dc.contributor.authorKaas, Leo
dc.contributor.authorThadden, Leopold vondeu
dc.date.accessioned2011-03-25T09:42:48Zdeu
dc.date.available2011-03-25T09:42:48Zdeu
dc.date.issued2004deu
dc.description.abstractWe consider a dynamic general equilibrium model with capital accumulation and collective wage bargaining and investigate how unemployment responds to structural shocks under two stylised budgetary policies. Under balanced budgets, tax adjustments lead to higher unemployment on impact but enable a quick recovery of employment. By contrast, unbalanced budgets mitigate unemployment effects on impact but dynamics are more persistent due to weaker capital accumulation and future fiscal consolidations. These results are consistent with empirical evidence on a positive cross-country relationship between government borrowing and unemployment persistence.eng
dc.description.versionpublished
dc.format.mimetypeapplication/pdfdeu
dc.identifier.citationFirst publ. in: Economic Journal 114 (2004), 498, pp. 867-889deu
dc.identifier.doi10.1111/j.1468-0297.2004.00247.x
dc.identifier.ppn312474482deu
dc.identifier.urihttp://kops.uni-konstanz.de/handle/123456789/12119
dc.language.isoengdeu
dc.legacy.dateIssued2009deu
dc.rightsterms-of-usedeu
dc.rights.urihttps://rightsstatements.org/page/InC/1.0/deu
dc.subject.ddc330deu
dc.titleBudgetary policy and unemployment dynamics in an olg model with collective bargainingeng
dc.typeJOURNAL_ARTICLEdeu
dspace.entity.typePublication
kops.citation.bibtex
@article{Kaas2004Budge-12119,
  year={2004},
  doi={10.1111/j.1468-0297.2004.00247.x},
  title={Budgetary policy and unemployment dynamics in an olg model with collective bargaining},
  number={498},
  volume={114},
  issn={0013-0133},
  journal={The Economic Journal},
  pages={867--889},
  author={Kaas, Leo and Thadden, Leopold von}
}
kops.citation.iso690KAAS, Leo, Leopold von THADDEN, 2004. Budgetary policy and unemployment dynamics in an olg model with collective bargaining. In: The Economic Journal. 2004, 114(498), pp. 867-889. ISSN 0013-0133. eISSN 1468-0297. Available under: doi: 10.1111/j.1468-0297.2004.00247.xdeu
kops.citation.iso690KAAS, Leo, Leopold von THADDEN, 2004. Budgetary policy and unemployment dynamics in an olg model with collective bargaining. In: The Economic Journal. 2004, 114(498), pp. 867-889. ISSN 0013-0133. eISSN 1468-0297. Available under: doi: 10.1111/j.1468-0297.2004.00247.xeng
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