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

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

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Prüfsumme: MD5:8772bdf70bc4b0eeb18da4ea0797a9f2

KAAS, Leo, Leopold von THADDEN, 2004. Budgetary policy and unemployment dynamics in an olg model with collective bargaining. In: The Economic Journal. 114(498), pp. 867-889. ISSN 0013-0133. eISSN 1468-0297

@article{Kaas2004Budge-12119, title={Budgetary policy and unemployment dynamics in an olg model with collective bargaining}, year={2004}, doi={10.1111/j.1468-0297.2004.00247.x}, number={498}, volume={114}, issn={0013-0133}, journal={The Economic Journal}, pages={867--889}, author={Kaas, Leo and Thadden, Leopold von} }

<rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:bibo="http://purl.org/ontology/bibo/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dcterms="http://purl.org/dc/terms/" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > <rdf:Description rdf:about="https://kops.uni-konstanz.de/rdf/resource/123456789/12119"> <bibo:uri rdf:resource="http://kops.uni-konstanz.de/handle/123456789/12119"/> <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2011-03-25T09:42:48Z</dcterms:available> <dc:format>application/pdf</dc:format> <dc:rights>deposit-license</dc:rights> <dc:contributor>Thadden, Leopold von</dc:contributor> <dcterms:title>Budgetary policy and unemployment dynamics in an olg model with collective bargaining</dcterms:title> <dcterms:rights rdf:resource="http://nbn-resolving.org/urn:nbn:de:bsz:352-20140905103416863-3868037-7"/> <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2011-03-25T09:42:48Z</dc:date> <dc:creator>Kaas, Leo</dc:creator> <dcterms:abstract xml:lang="eng">We 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.</dcterms:abstract> <dcterms:issued>2004</dcterms:issued> <dcterms:bibliographicCitation>First publ. in: Economic Journal 114 (2004), 498, pp. 867-889</dcterms:bibliographicCitation> <dc:creator>Thadden, Leopold von</dc:creator> <dc:contributor>Kaas, Leo</dc:contributor> <dc:language>eng</dc:language> </rdf:Description> </rdf:RDF>

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