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Lars Ljungqvist

Citations

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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Lars Ljungqvist & Thomas J. Sargent, 2008. "Two Questions about European Unemployment," Econometrica, Econometric Society, vol. 76(1), pages 1-29, January.

    Mentioned in:

    1. Strange Defeat: An Exchange
      by paragwaknis in Musings of the Sorts on 2014-08-22 01:23:10
  2. Lars Ljungqvist & Thomas J. Sargent, 1998. "The European Unemployment Dilemma," Journal of Political Economy, University of Chicago Press, vol. 106(3), pages 514-550, June.

    Mentioned in:

    1. In Praise of Calibration, by Garett Jones
      by ? in Econlog on 2012-10-25 11:51:30
    2. Sticky Price Keynesianism & Monetarism are ZMP Theories, by Garett Jones
      by ? in Econlog on 2013-04-17 22:55:39

Working papers

  1. Ljungqvist, Lars & Sargent, Thomas & Baley, Isaac, 2018. "Turbulence and Unemployment in Matching Models," CEPR Discussion Papers 12683, C.E.P.R. Discussion Papers.

    Cited by:

    1. Carlo Pizzinelli & Konstantinos Theodoridis & Francesco Zanetti, 2018. "State Dependence in Labor Market Fluctuations: Evidence,Theory, and Policy Implications," BCAM Working Papers 1801, Birkbeck Centre for Applied Macroeconomics.
    2. Biró, Péter & Gudmundsson, Jens, 2021. "Complexity of finding Pareto-efficient allocations of highest welfare," European Journal of Operational Research, Elsevier, vol. 291(2), pages 614-628.
    3. Virginia Sánchez-Marcos & Francesc Obiols-Homs, 2022. "Labor Force Participation, Wages and Turbulence," Working Papers 1347, Barcelona School of Economics.
    4. Pianezzi, Daniela & Ashraf, Muhammad Junaid, 2022. "Accounting for ignorance: An investigation into corruption, immigration and the state," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 86(C).
    5. Bartosz Kozicki & Jan Žukovskis & Grzegorz Mizura, 2020. "Metodyka wielokryterialnej analizy zmian stóp bezrobocia wybranych gospodarek światowych oraz prognozowanie modelem ARIMA stopy bezrobocia USA na przyszłość," Nowoczesne Systemy Zarządzania. Modern Management Systems, Military University of Technology, Faculty of Security, Logistics and Management, Institute of Organization and Management, issue 1, pages 71-85.
    6. Andre Luduvice & Rachel Widra, 2021. "Boomerang Kids in the Pandemic: How High-Income Families Are Their Own Safety Net," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2021(21), pages 1-7, December.

  2. Lars Ljungqvist & Thomas J. Sargent & Isaac Baley, 2018. "Quit Turbulence and Unemployment," Working Papers 1019, Barcelona School of Economics.

    Cited by:

    1. Carlo Pizzinelli & Konstantinos Theodoridis & Francesco Zanetti, 2018. "State Dependence in Labor Market Fluctuations: Evidence,Theory, and Policy Implications," BCAM Working Papers 1801, Birkbeck Centre for Applied Macroeconomics.
    2. Virginia Sánchez-Marcos & Francesc Obiols-Homs, 2022. "Labor Force Participation, Wages and Turbulence," Working Papers 1347, Barcelona School of Economics.
    3. Pianezzi, Daniela & Ashraf, Muhammad Junaid, 2022. "Accounting for ignorance: An investigation into corruption, immigration and the state," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 86(C).
    4. Bartosz Kozicki & Jan Žukovskis & Grzegorz Mizura, 2020. "Metodyka wielokryterialnej analizy zmian stóp bezrobocia wybranych gospodarek światowych oraz prognozowanie modelem ARIMA stopy bezrobocia USA na przyszłość," Nowoczesne Systemy Zarządzania. Modern Management Systems, Military University of Technology, Faculty of Security, Logistics and Management, Institute of Organization and Management, issue 1, pages 71-85.

  3. Ljungqvist, Lars & Sargent, Thomas & Kitao, Sagiri, 2016. "A Life-Cycle Model of Trans-Atlantic Employment Experiences," CEPR Discussion Papers 11260, C.E.P.R. Discussion Papers.

    Cited by:

    1. Etienne Lalé, 2015. "Turbulence and the Employment Experience of Older Workers," Bristol Economics Discussion Papers 15/652, School of Economics, University of Bristol, UK, revised 13 Jul 2016.
    2. Cristina Lafuente, 2018. "Search capital and Unemployment Duration," 2018 Meeting Papers 427, Society for Economic Dynamics.
    3. Richard Rogerson & Robert Shimer, 2010. "Search in Macroeconomic Models of the Labor Market," NBER Working Papers 15901, National Bureau of Economic Research, Inc.
    4. Créchet, Jonathan & Lalé, Etienne & Tarasonis, Linas, 2024. "Life-Cycle Worker Flows and Cross-Country Differences in Aggregate Employment," IZA Discussion Papers 16878, Institute of Labor Economics (IZA).
    5. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2019. "Unemployment fluctuations over the life cycle," Post-Print halshs-02103164, HAL.
    6. Selo Imrohoroglu, 2011. "Social Security, Benefit Claiming, and Labor Force Participation: A Quantitative General Equilibrium Approach," 2011 Meeting Papers 215, Society for Economic Dynamics.
    7. Hashimoto, Ken-ichi & Ono, Yoshiyasu & Schlegl, Matthias, 2023. "Structural unemployment, underemployment, and secular stagnation," Journal of Economic Theory, Elsevier, vol. 209(C).
    8. Lin, Hsuan-Chih & Tanaka, Atsuko & Wu, Po-Shyan, 2021. "Shifting from pay-as-you-go to individual retirement accounts: A path to a sustainable pension system," Journal of Macroeconomics, Elsevier, vol. 69(C).
    9. Esteban-Pretel, Julen & Kitao, Sagiri, 2021. "Labor Market Policies in a Dual Economy," Labour Economics, Elsevier, vol. 68(C).
    10. Laetitia Challe & Emmanuel Duguet & François Langot & L Yannick & Loic Du Parquet & Pascale Petit, 2023. "Why are the older workers discriminated in hirings? [Pourquoi les seniors sont-ils discriminés à l'embauche?]," Working Papers halshs-04061727, HAL.
    11. Jean-Olivier Hairault & Francois Langot & Sophie Osotimehin, 2010. "Matching frictions, unemployment dynamics and the cost of business cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(4), pages 759-779, October.
    12. Bulent Guler & Amanda M. Michaud, 2024. "Online Appendix: Dynamics of Deterrence: A Macroeconomic Perspective on Punitive Justice Policy," Opportunity and Inclusive Growth Institute Working Papers 102, Federal Reserve Bank of Minneapolis.
    13. Cristina Lafuente, 2017. "Search capital and Unemployment Duration (Preliminary)," Edinburgh School of Economics Discussion Paper Series 283, Edinburgh School of Economics, University of Edinburgh.

  4. Sargent, Thomas & Ljungqvist, Lars, 2015. "The Fundamental Surplus in Matching Models," CEPR Discussion Papers 10489, C.E.P.R. Discussion Papers.

    Cited by:

    1. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," PSE Working Papers halshs-03243698, HAL.
    2. Euiyoung Jung, 2021. "Rigid Wages, Endogenous Job Destruction, and Destabilizing Spirals," Working Papers halshs-03213006, HAL.
    3. Pontus Rendahl & Renato Faccini, 2016. "Unemployment Insurance and Unemployment Volatility," 2016 Meeting Papers 910, Society for Economic Dynamics.
    4. Euiyoung Jung, 2021. "Rigid Wages, Endogenous Job Destruction, and Destabilizing Spirals," PSE Working Papers halshs-03213006, HAL.
    5. Jung, Euiyoung, 2023. "Wage rigidity and destabilizing spirals," Journal of Macroeconomics, Elsevier, vol. 77(C).
    6. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," Working Papers halshs-03243698, HAL.
    7. Giuseppe Moscarini & Fabien Postel-Vinay, 2016. "Wage Posting and Business Cycles: a Quantitative Exploration," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 19, pages 135-160, January.
    8. Lalé, Etienne, 2018. "Loss of skill and labor market fluctuations," Labour Economics, Elsevier, vol. 50(C), pages 20-31.
    9. Jordan Roulleau-Pasdeloup, 2016. "The Government Spending Multiplier in a Deep Recession," Cahiers de Recherches Economiques du Département d'économie 16.22, Université de Lausanne, Faculté des HEC, Département d’économie.
    10. Ginters Buss, 2015. "Search-and-Matching Frictions and Labour Market Dynamics in Latvia," Working Papers 2015/04, Latvijas Banka.
    11. Brown, Alessio J. G. & Kohlbrecher, Britta & Merkl, Christian & Snower, Dennis J., 2017. "The Effects of Productivity and Benefits on Unemployment: Breaking the Link," GLO Discussion Paper Series 51, Global Labor Organization (GLO).
    12. Ginters Buss, 2017. "Wage Formation, Unemployment and Business Cycle in Latvia," Working Papers 2017/01, Latvijas Banka.

  5. Sargent, Thomas & Ljungqvist, Lars, 2010. "Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, and Social Security," CEPR Discussion Papers 7822, C.E.P.R. Discussion Papers.

    Cited by:

    1. Bo Zhao, 2018. "Too Poor to Retire? Housing Prices and Retirement," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 27, pages 27-47, January.

  6. Lars Ljungqvist & Harald Uhlig, 2009. "Optimal Endowment Destruction under Campbell-Cochrane Habit Formation," NBER Working Papers 14772, National Bureau of Economic Research, Inc.

    Cited by:

    1. Christophe Chamley, 2006. "Complementarities in information acquisition with short-term trades," Boston University - Department of Economics - Working Papers Series WP2006-042, Boston University - Department of Economics.
    2. J. David Lopez-Salido & Francisco Vazquez-Grande & Pierlauro Lopez, 2015. "Macro-Finance Separation by Force of Habit," 2015 Meeting Papers 980, Society for Economic Dynamics.
    3. Pancrazi, Roberto, 2013. "How Beneficial was the Great Moderation After All?," The Warwick Economics Research Paper Series (TWERPS) 1016, University of Warwick, Department of Economics.
    4. Pierre Perron† & Tatsuma Wada, 2005. "Let’s Take a Break: Trends and Cycles in US Real GDP?," Boston University - Department of Economics - Working Papers Series WP2005-031, Boston University - Department of Economics, revised Oct 2005.
    5. Santiago Budría, 2008. "An Exploration of Asset Returns in a Production Economy with Relative Habits," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 36(3), pages 261-274, September.
    6. Rong Hai & Dirk Krueger & Andrew Postlewaite, 2014. "On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods, Second Version," PIER Working Paper Archive 15-004, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 14 Jan 2015.
    7. Andrew Y. Chen, 2014. "Precautionary Volatility and Asset Prices," Finance and Economics Discussion Series 2014-59, Board of Governors of the Federal Reserve System (U.S.).
    8. Ju, Nengjiu & Miao, Jianjun, 2009. "Ambiguity, Learning, and Asset Returns," MPRA Paper 14737, University Library of Munich, Germany, revised Apr 2009.
    9. Grishchenko, Olesya V., 2010. "Internal vs. external habit formation: The relative importance for asset pricing," Journal of Economics and Business, Elsevier, vol. 62(3), pages 176-194, May.
    10. Møller, Stig Vinther, 2008. "Habit persistence: Explaining cross-sectional variation in returns and time-varying expected returns," Finance Research Group Working Papers F-2008-04, University of Aarhus, Aarhus School of Business, Department of Business Studies.

  7. Sargent, Thomas & Ljungqvist, Lars, 2007. "Taxes, Benefits, and Careers: Complete Versus Incomplete Markets," CEPR Discussion Papers 6560, C.E.P.R. Discussion Papers.

    Cited by:

    1. Krusell, Per & Mukoyama, Toshihiko & Rogerson, Richard & Sahin, Aysegül, 2008. "Aggregate implications of indivisible labor, incomplete markets, and labor market frictions," Journal of Monetary Economics, Elsevier, vol. 55(5), pages 961-979, July.
    2. Krusell, Per & Mukoyama, Toshihiko & Rogerson, Richard & Sahin, Aysegül, 2011. "A three state model of worker flows in general equilibrium," Journal of Economic Theory, Elsevier, vol. 146(3), pages 1107-1133, May.
    3. Been-Lon Chen & Mei Hsu & Chih-Fang Lai, 2015. "Relative Effects of Labour Taxes and Unemployment Benefits on Hours Worked Per Worker and Employment," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 282-309, May.
    4. Alonso-Ortiz, Jorge & Rogerson, Richard, 2010. "Taxes, transfers and employment in an incomplete markets model," Journal of Monetary Economics, Elsevier, vol. 57(8), pages 949-958, November.
    5. Fève, Patrick & Matheron, Julien & Sahuc, Jean-Guillaume, 2012. "The Laffer Curve in an Incomplete-Market Economy," TSE Working Papers 12-288, Toulouse School of Economics (TSE), revised Jul 2013.
    6. Kokonas, Nikolaos & Monteiro, Paulo Santos, 2021. "Aggregation in economies with search frictions," Journal of Mathematical Economics, Elsevier, vol. 96(C).
    7. Tomaz Cajner & İlhan Güner & Toshihiko Mukoyama, 2025. "Gross Worker Flows over the Life Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(4), pages 757-791, June.
    8. Michau, Jean-Baptiste, 2014. "Optimal redistribution: A life-cycle perspective," Journal of Public Economics, Elsevier, vol. 111(C), pages 1-16.
    9. Holter, Hans A. & Ljungqvist, Lars & Sargent, Thomas J. & Stepanchuk, Serhiy, 2025. "Singles, couples, time-averaging, and taxation," Journal of Monetary Economics, Elsevier, vol. 150(C).
    10. Ljungqvist, Lars & Sargent, Thomas J., 2007. "Understanding European unemployment with a representative family model," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2180-2204, November.
    11. Minchul Yum, 2018. "On the distribution of wealth and employment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 86-105, October.

  8. Sargent, Thomas & Ljungqvist, Lars, 2007. "Do Taxes Explain European Employment? Indivisible Labour, Human Capital, Lotteries and Savings," CEPR Discussion Papers 6196, C.E.P.R. Discussion Papers.

    Cited by:

    1. Luksic, Jan, 2020. "The extensive macro labor supply elasticity: Integrating taxes and expenditures," European Economic Review, Elsevier, vol. 121(C).
    2. Laun, Tobias & Wallenius, Johanna, 2013. "Social Insurance and Retirement: A Cross-Country Perspective," Working Paper Series, Center for Fiscal Studies 2013:6, Uppsala University, Department of Economics.
    3. Yongsung Chang & Sun-Bin Kim & Frank Schorfheide, 2010. "Labor-Market Heterogeneity, Aggregation, and the Lucas Critique," NBER Working Papers 16401, National Bureau of Economic Research, Inc.
    4. Edward C. Prescott & Johanna Wallenius, 2012. "Aggregate labor supply," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 35(Oct).
    5. Langot, François & Pizzo, Alessandra, 2019. "Accounting for labor gaps," European Economic Review, Elsevier, vol. 118(C), pages 312-347.
    6. Per Krusell & Toshihiko Mukoyama & Richard Rogerson & Aysegul Sahin, 2009. "Aggregate Labor Market Outcomes: The Role of Choice and Chance," NBER Working Papers 15252, National Bureau of Economic Research, Inc.
    7. Brendan Epstein & Miles S. Kimball, 2014. "The Decline of Drudgery and the Paradox of Hard Work," International Finance Discussion Papers 1106, Board of Governors of the Federal Reserve System (U.S.).
    8. Mathias Trabandt & Harald Uhlig, 2012. "How Do Laffer Curves Differ Across Countries?," NBER Working Papers 17862, National Bureau of Economic Research, Inc.
    9. Lars Ljungvist & Thomas Sargent, 2014. "Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, Taxes, and Social Security," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(1), pages 1-20, January.
    10. Shigeki Kunieda, 2009. "Working Hours and Taxation," The Japanese Political Economy, Taylor & Francis Journals, vol. 36(2), pages 3-22.
    11. Richard Rogerson & Johanna Wallenius, 2007. "Micro and Macro Elasticities in a Life Cycle Model With Taxes," NBER Working Papers 13017, National Bureau of Economic Research, Inc.
    12. Trabandt, Mathias & Uhlig, Harald, 2011. "The Laffer curve revisited," Journal of Monetary Economics, Elsevier, vol. 58(4), pages 305-327.
    13. Sun-Bin Kim & Frank Schorfheide & Yongsung Chang, 2010. "Financial Frictions, Aggregation, and the Lucas Critique," 2010 Meeting Papers 31, Society for Economic Dynamics.
    14. Claudio Michelacci & Josep Pijoan-Mas, 2007. "The Effects of Labor Market Conditions on Working Time: The US-EU Experience," Working Papers wp2007_0705, CEMFI.
    15. Per Krusell & Toshihiko Mukoyama & Richard Rogerson & Aysegul Sahin, 2008. "Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions," NBER Working Papers 13871, National Bureau of Economic Research, Inc.
    16. Ofer Setty: Tel Aviv University, 2011. "Unemployment Accounts," 2011 Meeting Papers 204, Society for Economic Dynamics.
    17. Stéphane Auray & Samuel Danthine, 2009. "Bargaining Frictions, Labor Income Taxation, and Economic Performance," Cahiers de recherche 09-20, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    18. Rajit Biswas & Vandana Thandassery Ramakrishnan, 2022. "Taxes and unemployment," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(2), pages 182-194, June.
    19. Erling Holmøy, 2014. "The equilibrium relationship between public and total employment. The importance of endogenous non-labour income," Discussion Papers 779, Statistics Norway, Research Department.

  9. Ljungqvist, Lars & Domeij, David, 2006. "Wage Structure and Public Sector Employment: Sweden versus the United States 1970-2002," CEPR Discussion Papers 5921, C.E.P.R. Discussion Papers.

    Cited by:

    1. Pedro Gomes & Zoe Kuehn, 2017. "Human capital and the size distribution of firms," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 164-179, October.
    2. Gonzalo F De córdoba & Javier J Pérez & José L Torres, 2012. "On the substitutability between public and private employment," Economics Bulletin, AccessEcon, vol. 32(3), pages 2700-2709.
    3. Musa Orak, 2017. "Capital-Task Complementarity and the Decline of the U.S. Labor Share of Income," International Finance Discussion Papers 1200, Board of Governors of the Federal Reserve System (U.S.).
    4. Gonzalo Fernández-de-Córdoba & Javier Pérez & José Torres, 2012. "Public and private sector wages interactions in a general equilibrium model," Public Choice, Springer, vol. 150(1), pages 309-326, January.
    5. Ana Lamo & Javier J. Pérez & Ludger Schuknecht, 2012. "Public or Private Sector Wage Leadership? An International Perspective," Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(1), pages 228-244, March.
    6. Ctirad Slavík & Hakki Yazici, 2020. "Wage Risk and the Skill Premium," CESifo Working Paper Series 8520, CESifo.

  10. Lars Ljungqvist & Thomas J. Sargent, 2006. "Indivisible Labor and Its Supply Elasticity: Do Taxes Explain European Employment?," 2006 Meeting Papers 734, Society for Economic Dynamics.

    Cited by:

    1. Paul Gomme & Damba Lkhagvasuren, 2015. "Worker Search Effort as an Amplification Mechanism," Working Papers 15001, Concordia University, Department of Economics, revised Feb 2015.
    2. Paul Gomme & Damba Lkhagvasuren, 2011. "The Cyclicality of Search Intensity in a Competitive Search Model," Working Papers 11003, Concordia University, Department of Economics.

  11. Sargent, Thomas & Ljungqvist, Lars, 2005. "Jobs and Unemployment in Macroeconomic Theory: A Turbulence Laboratory," CEPR Discussion Papers 5340, C.E.P.R. Discussion Papers.

    Cited by:

    1. Battisti, Michele & Felbermayr, Gabriel & Peri, Giovanni & Poutvaara, Panu, 2014. "Immigration, Search, and Redistribution: A Quantitative Assessment of Native Welfare," IZA Discussion Papers 8574, Institute of Labor Economics (IZA).
    2. Derek Messacar, 2014. "Persistent Unemployment and the Generosity of Welfare States," Review of Social Economy, Taylor & Francis Journals, vol. 72(3), pages 379-415, September.
    3. Morten O. Ravn, 2006. "The Consumption-Tightness Puzzle," NBER Working Papers 12421, National Bureau of Economic Research, Inc.
    4. Kakoulidou, Theoni & Doolan, Michael & Roantree, Barra, 2022. "Earnings-related benefits in Ireland: Rationale, costs and work incentives," Papers BP2023/2, Economic and Social Research Institute (ESRI).
    5. David R. Howell & Miriam Rehm, 2009. "Unemployment Compensation and High European Unemployment: A Reassessment with New Benefit Indicators," Working Papers wp201, Political Economy Research Institute, University of Massachusetts at Amherst.
    6. Anna Batyra & Henri R. Sneessens, 2006. "Selective Reductions in Labour Taxation: Labour Market Adjustments and Macroeconomic Performance," 2006 Meeting Papers 142, Society for Economic Dynamics.

  12. Sargent, Thomas & Ljungqvist, Lars, 2004. "European Unemployment and Turbulence Revisited in a Matching Model," CEPR Discussion Papers 4183, C.E.P.R. Discussion Papers.

    Cited by:

    1. Flavio Cunha & James Heckman, 2007. "The Evolution of Inequality, Heterogeneity and Uncertainty in Labor Earnings in the U.S. Economy," PIER Working Paper Archive 07-032, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    2. Martin Gervais & Nir Jaimovich & Henry E. Siu & Yaniv Yedid-Levi, 2013. "Technological Learning and Labor Market Dynamics," NBER Working Papers 19767, National Bureau of Economic Research, Inc.
    3. Cerqueti, Roy & Coppier, Raffaella, 2011. "Economic growth, corruption and tax evasion," Economic Modelling, Elsevier, vol. 28(1), pages 489-500.
    4. Belan, Pascal & Chéron, Arnaud, 2014. "Turbulence, training and unemployment," Labour Economics, Elsevier, vol. 27(C), pages 16-29.
    5. Martin Gervais & Igor Livshits, 2010. "Uncertainty, Specificity and Institutions," 2010 Meeting Papers 521, Society for Economic Dynamics.
    6. Krause, Michael U. & Uhlig, Harald, 2012. "Transitions in the German labor market: Structure and crisis," Journal of Monetary Economics, Elsevier, vol. 59(1), pages 64-79.
    7. Partick Nuess, 2017. "Duration Dependence as an Unemployment Stigma: Evidence from a Field Experiment in Germany," IMK Working Paper 184-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    8. Richard B. Freeman, 2007. "Labor Market Institutions Around the World," NBER Working Papers 13242, National Bureau of Economic Research, Inc.
    9. Martin Gervais, 2012. "Optimal Unemployment Insurance in a Directed Search Model," 2012 Meeting Papers 1177, Society for Economic Dynamics.
    10. Julen Esteban‐Pretel & Elisa Faraglia, 2010. "Monetary Shocks in a Model with Skill Loss," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(7), pages 1235-1265, October.
    11. Sargent, Thomas & Ljungqvist, Lars, 2005. "Jobs and Unemployment in Macroeconomic Theory: A Turbulence Laboratory," CEPR Discussion Papers 5340, C.E.P.R. Discussion Papers.
    12. Ronald Bachmann & Michael C. Burda, 2010. "Sectoral Transformation, Turbulence and Labor Market Dynamics in Germany," German Economic Review, Verein für Socialpolitik, vol. 11(1), pages 37-59, February.
    13. Erhan Artuç & Shubham Chaudhuri & John McLaren, 2010. "Trade Shocks and Labor Adjustment: A Structural Empirical Approach," American Economic Review, American Economic Association, vol. 100(3), pages 1008-1045, June.
    14. Guimarães, Luís & Mazeda Gil, Pedro, 2022. "Looking ahead at the effects of automation in an economy with matching frictions," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    15. Monique Ebell & Christian Haefke, 2002. "Product market deregulation and labor market outcomes," Economics Working Papers 726, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 2003.
    16. Etienne Lalé, 2015. "Turbulence and the Employment Experience of Older Workers," Bristol Economics Discussion Papers 15/652, School of Economics, University of Bristol, UK, revised 13 Jul 2016.
    17. Mathan Satchi & Jonathan Temple, 2006. "Growth and labour markets in developing countries," CEDI Discussion Paper Series 06-12, Centre for Economic Development and Institutions(CEDI), Brunel University.
    18. Arnaud Cheron & Anthony Terriau, 2015. "Search frictions and (in)efficient vocational training over the life-cycle," TEPP Working Paper 2015-09, TEPP.
    19. Tito Boeri & Michael C. Burda, 2009. "Preferences for Collective Versus Individualised Wage Setting," Economic Journal, Royal Economic Society, vol. 119(540), pages 1440-1463, October.
    20. Virginia Sánchez-Marcos & Francesc Obiols-Homs, 2022. "Labor Force Participation, Wages and Turbulence," Working Papers 1347, Barcelona School of Economics.
    21. Wouter J. Den Haan & Christian Haefke & Garey Ramey, 2015. "Turbulence and Unemployment in a Job Matching Model," Working Papers 142, Barcelona School of Economics.
    22. Gervais, Martin & Livshits, Igor & Meh, Césaire, 2008. "Uncertainty and the specificity of human capital," Journal of Economic Theory, Elsevier, vol. 143(1), pages 469-498, November.
    23. Steven J. Davis & James A. Kahn, 2007. "Macroeconomic implications of changes in micro volatility," Proceedings, Federal Reserve Bank of San Francisco, issue nov.
    24. Junichi Fujimoto, 2008. "Implications of General and Specific Productivity Growth in a Matching Model," 2008 Meeting Papers 584, Society for Economic Dynamics.
    25. Jun Nie, 2010. "Training or search? evidence and an equilibrium model," Research Working Paper RWP 10-03, Federal Reserve Bank of Kansas City.
    26. Chéron, Arnaud & Terriau, Anthony, 2018. "Life cycle training and equilibrium unemployment," Labour Economics, Elsevier, vol. 50(C), pages 32-44.
    27. Julen Esteban-Pretel, 2005. "The Effects of the Loss of Skills on Unemployment Fluctuations," CIRJE F-Series CIRJE-F-371, CIRJE, Faculty of Economics, University of Tokyo.
    28. Felix Reichling, 2005. "Retraining the Unemployed in a Matching Model with Turbulence," Discussion Papers 04-016, Stanford Institute for Economic Policy Research.
    29. Arnaud Chéron & Jean-Olivier Hairault & François Langot, 2009. "The role of Institutions in Transatlantic Employment Differences: A Life-Cycle View," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00623280, HAL.
    30. Etienne Wasmer, 2006. "General versus Specific Skills in Labor Markets with Search Frictions and Firing Costs," American Economic Review, American Economic Association, vol. 96(3), pages 811-831, June.
    31. Reicher, Christopher Phillip, 2011. "A tale of two countries: A comparison of the aggregate effects of sectoral reallocation in the United States and Germany," Kiel Working Papers 1721, Kiel Institute for the World Economy (IfW Kiel).
    32. Andri Chassamboulli & Xiangbo Liu, 2024. "Immigration, Legal Status and Fiscal Impact," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 54, October.
    33. Achim Schmillen, 2019. "Vocational education, occupational choice and unemployment over the professional career," Empirical Economics, Springer, vol. 57(3), pages 805-838, September.
    34. Rogerson, Richard & Shimer, Robert, 2011. "Search in Macroeconomic Models of the Labor Market," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 7, pages Pages: 61, Elsevier.
    35. Julen Esteban-Pretel & Elisa Faraglia, 2005. "Monetary Shocks in a Model with Loss of Skills," CIRJE F-Series CIRJE-F-380, CIRJE, Faculty of Economics, University of Tokyo.
    36. Ljungqvist, Lars & Sargent, Thomas J., 2007. "Understanding European unemployment with matching and search-island models," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2139-2179, November.
    37. George Messinis & Nilss Olekalns, 2007. "Skills Mismatch and Returns to Training in Australia:Some New Evidence," Department of Economics - Working Papers Series 997, The University of Melbourne.

  13. Sargent, Thomas & Ljungqvist, Lars, 2002. "The European Employment Experience," CEPR Discussion Papers 3543, C.E.P.R. Discussion Papers.

    Cited by:

    1. Boeri, Tito & Conde-Ruiz, J. Ignacio & Galasso, Vincenzo, 2004. "Cross-Skill Redistribution and the Tradeoff between Unemployment Benefits and Employment Protection," IZA Discussion Papers 1371, Institute of Labor Economics (IZA).
    2. Joseph, G. & Pierrard, O. & Sneessens, H. R., 2004. "Job turnover, unemployment and labor market institutions," Labour Economics, Elsevier, vol. 11(4), pages 451-468, August.
    3. Wälde, Klaus & Lingens, Jörg, 2005. "Pareto - Improving Unemployment Policies," W.E.P. - Würzburg Economic Papers 63, University of Würzburg, Department of Economics.
    4. Boeri, Tito & Burda, Michael C., 2004. "Preferences for Rigid versus Individualized Wage Setting in Search Economies with Frictions," IZA Discussion Papers 1133, Institute of Labor Economics (IZA).
    5. Tito Boeri & J. Ignacio Conde-Ruiz & Vincenzo Galasso, 2006. "The Political Economy of Flexicurity," Working Papers 2006-15, FEDEA.
    6. Andrea De Michelis, 2004. "Sand in the wheels of the labor market: the effect of firing costs on employment," International Finance Discussion Papers 796, Board of Governors of the Federal Reserve System (U.S.).
    7. Ochsen, Carsten, 2005. "Labour market institutions and unemployment revisited," Thuenen-Series of Applied Economic Theory 49, University of Rostock, Institute of Economics.
    8. Georg Duernecker, 2008. "Technology Adoption, Turbulence and the Dynamics of Unemployment," Economics Working Papers ECO2008/10, European University Institute.
    9. Wasmer, Etienne, 2002. "Interpreting Europe and US Labor Markets Differences: The Specificity of Human Capital Investments," IZA Discussion Papers 549, Institute of Labor Economics (IZA).
    10. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2006. "Le double dividende des politiques incitatives à l'allongement de la durée de vie active," Revue économique, Presses de Sciences-Po, vol. 57(3), pages 449-460.
    11. Alberto Alesina & Edward L. Glaeser & Bruce Sacerdote, 2005. "Work and Leisure in the U.S. and Europe: Why So Different?," NBER Working Papers 11278, National Bureau of Economic Research, Inc.
    12. Heidi Soininen, 2007. "Finnish Evidence of Changes in Labor Market Matching," Finnish Economic Papers, Finnish Economic Association, vol. 20(1), pages 57-71, Spring.
    13. Mr. Tito Boeri, 2005. "Reforming Labor and Product Markets: Some Lessons from Two Decades of Experiments in Europe," IMF Working Papers 2005/097, International Monetary Fund.
    14. Wolfgang Lechthaler, 2009. "The interaction of firing costs and firm training," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 36(3), pages 331-350, August.
    15. Wasmer, Etienne, 2003. "Interpreting European and US Labour Market Differences: The Specificity of Human Capital Investments," CEPR Discussion Papers 3780, C.E.P.R. Discussion Papers.
    16. Norbert Berthold & Rainer Fehn, 2003. "Unemployment in Germany: Reasons and Remedies," CESifo Working Paper Series 871, CESifo.
    17. David, Quentin & Janiak, Alexandre & Wasmer, Etienne, 2010. "Local social capital and geographical mobility," Journal of Urban Economics, Elsevier, vol. 68(2), pages 191-204, September.
    18. Yu-Fu Chen & Michael Funke, 2003. "Labour Demand in Germany: An Assessment of Non-Wage Labour Costs," CESifo Working Paper Series 952, CESifo.
    19. Yu‐Fu Chen & Michael Funke, 2005. "Non‐Wage Labour Costs, Policy Uncertainty And Labour Demand – A Theoretical Assessment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(5), pages 687-709, November.
    20. Angela Birk, 2006. "Method to Find the VARs Easily," Departmental Working Papers 2006-11, Department of Economics, Louisiana State University.

  14. Ljungqvist, Lars, 2001. "How Do Layoff Costs Affect Employment?," CEPR Discussion Papers 3051, C.E.P.R. Discussion Papers.

    Cited by:

    1. You, Jing & Wang, Shaoyang, 2018. "Unemployment duration and job-match quality in urban China: The dynamic impact of 2008 Labor Contract Law," Economic Modelling, Elsevier, vol. 71(C), pages 220-233.
    2. Joseph, G. & Pierrard, O. & Sneessens, H. R., 2004. "Job turnover, unemployment and labor market institutions," Labour Economics, Elsevier, vol. 11(4), pages 451-468, August.
    3. Fella, Giulio, 2007. "When do firing taxes matter?," Economics Letters, Elsevier, vol. 97(1), pages 24-31, October.
    4. Carlo Pizzinelli & Konstantinos Theodoridis & Francesco Zanetti, 2018. "State Dependence in Labor Market Fluctuations: Evidence,Theory, and Policy Implications," BCAM Working Papers 1801, Birkbeck Centre for Applied Macroeconomics.
    5. Xu, Xiangbing & Dong, Nanyan & Wu, Chengzhang & Luo, Sicheng, 2025. "The employment effects of anticorruption: Evidence from China," Emerging Markets Review, Elsevier, vol. 66(C).
    6. Camille Signoretto, 2016. "Mutually agreed termination, job destruction and dismissals: An empirical analysis based on French firm data (2006-2009)," Post-Print hal-01446429, HAL.
    7. Andrea Ricci & Robert J Waldmann, 2011. "Firm Financed Training and pareto Improving Firing taxes," CEIS Research Paper 197, Tor Vergata University, CEIS, revised 20 Jun 2011.
    8. Besancenot, Damien & Vranceanu, Radu, 2009. "Multiple equilibria in a firing game with impartial justice," Labour Economics, Elsevier, vol. 16(3), pages 262-271, June.
    9. Lalé, Etienne, 2012. "Trends in occupational mobility in France: 1982–2009," Labour Economics, Elsevier, vol. 19(3), pages 373-387.
    10. Bentolila, Samuel & Dolado, Juan J. & Jimeno, Juan F., 2019. "Dual Labour Markets Revisited," IZA Discussion Papers 12126, Institute of Labor Economics (IZA).
    11. Boeri, Tito & Burda, Michael C., 2004. "Preferences for Rigid versus Individualized Wage Setting in Search Economies with Frictions," IZA Discussion Papers 1133, Institute of Labor Economics (IZA).
    12. Jo Seldeslachts, 2008. "Synchronising Deregulation In Product And Labour Markets," Scottish Journal of Political Economy, Scottish Economic Society, vol. 55(5), pages 591-617, November.
    13. George Alessandria & Alain Delacroix, 2007. "Trade and the (Dis)Incentive to Reform Labor Markets: The Case of Reform in the European Union," Cahiers de recherche 0738, CIRPEE.
    14. Isaac Baley & Lars Ljunqvist & Thomas Sargent, 2023. "Cross-Phenomenon Restrictions: Unemployment Effects of Layoff Costs and Quit Turbulence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 43-60, October.
    15. Casey B. Mulligan, 2012. "Do Welfare Policies Matter for Labor Market Aggregates? Quantifying Safety Net Work Incentives since 2007," NBER Working Papers 18088, National Bureau of Economic Research, Inc.
    16. Sachs Andreas & Smolny Werner, 2015. "Youth Unemployment in the OECD: The Role of Institutions," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 235(4-5), pages 403-417, August.
    17. Moon, Weh-Sol, 2011. "Endogenous labor force participation and firing costs," Labour Economics, Elsevier, vol. 18(5), pages 607-623, October.
    18. Martins, Pedro S., 2016. "The Third Worker: Assessing the Trade-off between Employees and Contractors," IZA Discussion Papers 10222, Institute of Labor Economics (IZA).
    19. Samuel Bentolila & Pierre Cahuc & Juan José Dolado & Thomas Le Barbanchon, ., 2010. "Unemployment and Temporary Jobs in the Crisis: Comparing France and Spain," Working Papers 2010-07, FEDEA.
    20. Ábrahám, Árpád & Brogueira de Sousa, João & Marimon, Ramon & Mayr, Lukas, 2023. "On the design of a European Unemployment Insurance System," European Economic Review, Elsevier, vol. 156(C).
    21. Sargent, Thomas & Ljungqvist, Lars, 2005. "Jobs and Unemployment in Macroeconomic Theory: A Turbulence Laboratory," CEPR Discussion Papers 5340, C.E.P.R. Discussion Papers.
    22. Samuel Danthine & Markus Poschke & Stephane Auray, 2016. "Understanding Severance Pay Determination: Mandates, Bargaining, and Unions," 2016 Meeting Papers 967, Society for Economic Dynamics.
    23. Sagiri Kitao & Lars Ljungqvist & Thomas Sargent, 2017. "A Life-Cycle Model of Trans-Atlantic Employment Experiences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 320-349, April.
    24. Garibaldi, Pietro & Pacelli, Lia, 2008. "Do larger severance payments increase individual job duration?," Labour Economics, Elsevier, vol. 15(2), pages 215-245, April.
    25. Jianrong Fan & Zhibin Huang & Jianwei Cao & Yaqi Wu, 2023. "Factors Affecting Employment Stability of Labor Immigration: Implications for Sustainable Development," Sustainability, MDPI, vol. 15(2), pages 1-16, January.
    26. Wesselbaum, Dennis, 2009. "Firing costs in a New Keynesian model with endogenous separations," Kiel Working Papers 1550, Kiel Institute for the World Economy (IfW Kiel).
    27. Thomas Sargent & Lars Ljungqvist & Isaac Baley, 2017. "Turbulence and Unemployment in Matching Models," 2017 Meeting Papers 1391, Society for Economic Dynamics.
    28. Ahrens, Steffen & Wesselbaum, Dennis, 2009. "On the introduction of firing costs," Kiel Working Papers 1559, Kiel Institute for the World Economy (IfW Kiel).
    29. Cook, David & Xu, Juanyi, 2015. "Eurosclerosis and international business cycles," Journal of International Economics, Elsevier, vol. 95(1), pages 54-67.
    30. A. Kerem Co?ar & Nezih Guner & James Tybout, 2016. "Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy," American Economic Review, American Economic Association, vol. 106(3), pages 625-663, March.
    31. Julia Fath & Clemens Fuest, 2002. "Temporary Layoffs and Unemployment Insurance: Is Experience Rating Desirable?," CESifo Working Paper Series 663, CESifo.
    32. Dolado, Juan J. & Jansen, Marcel & Jimeno, Juan F., 2007. "A Positive Analysis of Targeted Employment Protection Legislation," IZA Discussion Papers 2679, Institute of Labor Economics (IZA).
    33. Beatrice Scheubel, 2014. "Does It Pay to Be a Woman?: Labour Demand Effects of Maternity-Related Job Protection and Replacement Incomes," SOEPpapers on Multidisciplinary Panel Data Research 685, DIW Berlin, The German Socio-Economic Panel (SOEP).
    34. Alexandre Janiak & Jonathan Rojas Hepburn, 2023. "The Grasshopper, the Ant, and the Minimum Wage," Documentos de Trabajo 570, Instituto de Economia. Pontificia Universidad Católica de Chile..
    35. Wesselbaum, Dennis, 2010. "Firing tax vs. severance payment: An unequal comparison," Kiel Working Papers 1644, Kiel Institute for the World Economy (IfW Kiel).
    36. Martins, Pedro S., 2021. "Do entry wages increase when severance pay drops? Not in recessions," Economics Letters, Elsevier, vol. 201(C).
    37. Almeida, Rita K. & Carneiro, Pedro, 2011. "Enforcement of Labor Regulation and Informality," IZA Discussion Papers 5902, Institute of Labor Economics (IZA).
    38. Cozzi, Marco & Fella, Giulio, 2016. "Job displacement risk and severance pay," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 166-181.
    39. López-Martín Bernabé & Takayama Naoki, 2015. "The Blighted Youth: The Impact of Recessions and Policies on Life-Cycle Unemployment," Working Papers 2015-22, Banco de México.
    40. Pinoli, Sara, 2007. "Employment Protection and Labor Productivity: Positive or Negative?," MPRA Paper 11775, University Library of Munich, Germany.
    41. Mr. Herman Z Bennett, 2007. "Labor’s Liquidity Service and Firing Costs," IMF Working Papers 2007/120, International Monetary Fund.
    42. Renato Faccini, 2014. "Reassessing Labour Market Reforms: Temporary Contracts as a Screening Device," Economic Journal, Royal Economic Society, vol. 124(575), pages 167-200, March.
    43. Piccirilli, Giulio, 2015. "On the impact of firing costs under different wage setting regimes," Research in Economics, Elsevier, vol. 69(1), pages 86-99.
    44. Tito Boeri & Michael C. Burda, 2009. "Preferences for Collective Versus Individualised Wage Setting," Economic Journal, Royal Economic Society, vol. 119(540), pages 1440-1463, October.
    45. Firooz, Hamid, 2025. "The pro-competitive consequences of trade in frictional labor markets," Journal of International Economics, Elsevier, vol. 153(C).
    46. César Alonso-Borrego & Jesús Fernández-Villaverde & José E. Galdón-Sánchez, 2004. "Evaluating Labor Market Reforms: A General Equilibrium Approach," PIER Working Paper Archive 04-016, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    47. Eguchi, Kyota, 2007. "Productivity loss and reinstatement as a legal remedy for unjust dismissal," Journal of the Japanese and International Economies, Elsevier, vol. 21(1), pages 78-105, March.
    48. Violante, Giovanni & Hornstein, Andreas, 2005. "The Replacement Problem in Frictional Economies: An 'Equivalence Result'," CEPR Discussion Papers 5026, C.E.P.R. Discussion Papers.
    49. Richard Rogerson & Robert Shimer, 2010. "Search in Macroeconomic Models of the Labor Market," NBER Working Papers 15901, National Bureau of Economic Research, Inc.
    50. Jahn, Elke J. & Wagner, Thomas, 2005. "Contractual Employment Protection and the Scarring Risk of Unemployment," IZA Discussion Papers 1813, Institute of Labor Economics (IZA).
    51. Dolado, Juan J & Jimeno, Juan Francisco & Jansen, Marcel, 2005. "Dual Employment Protection Legislation: A Framework for Analysis," CEPR Discussion Papers 5033, C.E.P.R. Discussion Papers.
    52. Étienne Lalé, 2018. "Labor-market Frictions, Incomplete Insurance and Severance Payments," CIRANO Working Papers 2018s-14, CIRANO.
    53. Janiak, Alexandre, 2013. "Structural unemployment and the costs of firm entry and exit," Labour Economics, Elsevier, vol. 23(C), pages 1-19.
    54. Bauer, Thomas K. & Bender, Stefan & Bonin, Holger, 2004. "Dismissal protection and worker flows in small establishments," IAB-Discussion Paper 200401, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    55. Lars Ljungqvist & Thomas J. Sargent & Isaac Baley, 2021. "Returns to Labor Mobility," Working Papers 1288, Barcelona School of Economics.
    56. Marloes de Graaf-Zijl, 2005. "The Attractiveness of Temporary Employment to Reduce Adjustment Costs," Tinbergen Institute Discussion Papers 05-121/3, Tinbergen Institute.
    57. Stéphane Auray & Samuel Danthine & Markus Poschke, 2020. "Understanding the Determination of Severance Pay: Mandates, Bargaining, and Unions," Post-Print hal-03455965, HAL.
    58. Kamhon Kan & Yen‐Ling Lin, 2011. "The Effects Of Employment Protection On Labor Turnover: Empirical Evidence From Taiwan," Economic Inquiry, Western Economic Association International, vol. 49(2), pages 398-433, April.
    59. Eguchi Kyota, 2008. "Damages or Reinstatement: Incentives and Remedies for Unjust Dismissal," Review of Law & Economics, De Gruyter, vol. 4(1), pages 443-474, December.
    60. Cavalcanti, Tiago & Corrêa, Márcio, 2010. "Cash Transfers and the Labor Market," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 64(2), June.
    61. Esteban-Pretel, Julen & Kitao, Sagiri, 2021. "Labor Market Policies in a Dual Economy," Labour Economics, Elsevier, vol. 68(C).
    62. Markus Poschke, 2012. "The Labor Market, the Decision to Become an Entrepreneur, and the Firm Size Distribution," Cahiers de recherche 11-2012, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    63. Makoto Masui, 2013. "Temporary Contracts, Employment Protection, and Collective Bargaining," LABOUR, CEIS, vol. 27(4), pages 371-398, December.
    64. Tiago Cavalcanti & Márcio Corrêa, 2014. "Cash Transfers to the Poor and the Labor Market: An Equilibrium Analysis," Review of Development Economics, Wiley Blackwell, vol. 18(4), pages 741-762, November.
    65. Wesselbaum, Dennis, 2010. "Firing costs in a business cycle model with endogenous separations," Kiel Working Papers 1550 [rev.], Kiel Institute for the World Economy (IfW Kiel).
    66. Andreas Hornstein & Per Krusell & Giovanni L. Violante, 2006. "Technology-policy interaction in frictional labor markets," Working Paper 06-10, Federal Reserve Bank of Richmond.
    67. Claudia Pigini & Stefano Staffolani, 2022. "Firing Costs and Job Loss: The Case of the Italian Jobs Act," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 8(1), pages 105-143, March.
    68. Keith Kuester & Philip Jung, 2012. "Optimal Labor-Market Policy in Recessions," 2012 Meeting Papers 186, Society for Economic Dynamics.
    69. Brügemann, Björn, 2006. "Does Employment Protection Create Its Own Political Support?," IZA Discussion Papers 2286, Institute of Labor Economics (IZA).
    70. Lars Ljungqvist & Thomas J. Sargent & Isaac Baley, 2018. "Quit Turbulence and Unemployment," Working Papers 1019, Barcelona School of Economics.
    71. Pedro S. Martins, 2016. "Do wages increase when severance pay drops? Not in recessions," Working Papers 77, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    72. Thomas J. Sargent & John Stachurski, 2024. "Dynamic Programming: Finite States," Papers 2401.10473, arXiv.org.
    73. Li, Guangzhong & Egger, Peter H. & Li, Jie & Wu, Han, 2022. "Exporting firms’ factor and product-quality adjustments in response to employment protection legislation: Evidence from China," China Economic Review, Elsevier, vol. 73(C).
    74. Henin, Pierre-Yves & Weitzenblum, Thomas, 2005. "Employment protection and the stock market: the common shock case," Economic Modelling, Elsevier, vol. 22(1), pages 127-146, January.
    75. Lars Ljungqvist, 2003. "European Unemployment: Labour Market Institutions and Economic Turbulence," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 1(02), pages 07-12, October.
    76. Edoardo Di Porto & Leandro Elia & Cristina Tealdi, 2017. "Informal work in a flexible labour market," Oxford Economic Papers, Oxford University Press, vol. 69(1), pages 143-164.
    77. Ljungqvist, Lars & Sargent, Thomas J., 2007. "Understanding European unemployment with a representative family model," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2180-2204, November.
    78. Demirgüç-Kunt,Asli & Lokshin,Michael M. & Torre,Ivan, 2022. "Protect Incomes or Protect Jobs ? The Role of Social Policies in Post-Pandemic Recovery," Policy Research Working Paper Series 10166, The World Bank.
    79. Stéphane Auray & Samuel Danthine & Markus Poschke, 2014. "Mandated versus Negotiated Severance Pay," Working Papers 2014-28, Center for Research in Economics and Statistics.
    80. Garibaldi, Pietro & Violante, Giovanni, 2002. "Firing Tax and Severance Payment in Search Economies: A Comparison," CEPR Discussion Papers 3636, C.E.P.R. Discussion Papers.
    81. Kai Priesack, 2015. "Employment consequences of changes in dismissal protection: Evidence from a 2004 German reform," BDPEMS Working Papers 2015012, Berlin School of Economics.
    82. Zanetti, Francesco, 2011. "Labor market institutions and aggregate fluctuations in a search and matching model," European Economic Review, Elsevier, vol. 55(5), pages 644-658, June.
    83. Diego Daruich & Sabrina Di Addario & Raffaele Saggio, 2020. "The Effects of Partial Employment Protection Reforms: Evidence from Italy," Development Working Papers 463, Centro Studi Luca d'Agliano, University of Milano, revised 27 Apr 2020.
    84. Cavalcanti, Tiago V. de V., 2004. "Layoff costs, tenure, and the labor market," Economics Letters, Elsevier, vol. 84(3), pages 383-390, September.
    85. Kim, Soojin & Rhee, Serena, 2018. "Measuring the effects of employment protection policies: Theory and evidence from the Americans with Disabilities Act," Labour Economics, Elsevier, vol. 54(C), pages 116-134.
    86. Schleer, Frauke & Sachs, Andreas, 2009. "Labour Market Institutions and Structural Reforms: A Source for Business Cycle Synchronisation?," ZEW Discussion Papers 09-008, ZEW - Leibniz Centre for European Economic Research.
    87. Michau, Jean-Baptiste, 2015. "Optimal labor market policy with search frictions and risk-averse workers," Labour Economics, Elsevier, vol. 35(C), pages 93-107.
    88. Charlot, Olivier & Malherbet, Franck, 2013. "Education and employment protection," Labour Economics, Elsevier, vol. 20(C), pages 3-23.
    89. Bennett, Herman Z., 2011. "Labor's liquidity service and firing costs," Labour Economics, Elsevier, vol. 18(1), pages 102-110, January.
    90. Ljungqvist, Lars & Sargent, Thomas J., 2007. "Understanding European unemployment with matching and search-island models," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2139-2179, November.

  15. Ljungqvist, Lars, 1999. "Squandering European Labor: Social Safety Nets in Times of Economic Turbulence," SSE/EFI Working Paper Series in Economics and Finance 321, Stockholm School of Economics.

    Cited by:

    1. Lars Ljungqvist, 2010. "Unemployment Crisis - Challenge and Opportunity," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(01), pages 7-13, April.
    2. Lars Ljungqvist & Thomas J. Sargent, 2010. "How Sweden's Unemployment Became More Like Europe's," NBER Chapters, in: Reforming the Welfare State: Recovery and Beyond in Sweden, pages 189-223, National Bureau of Economic Research, Inc.
    3. Peichl, Andreas & Siegloch, Sebastian, 2012. "Accounting for labor demand effects in structural labor supply models," Labour Economics, Elsevier, vol. 19(1), pages 129-138.
    4. Tajammal Hussain & Rick Edgeman & Mohamad Najem AlNajem, 2023. "Exploring the Intellectual Structure of Research in Organizational Resilience through a Bibliometric Approach," Sustainability, MDPI, vol. 15(17), pages 1-28, August.

  16. Ljungqvist, Lars & Uhlig, Harald, 1999. "On Consumption Bunching under Campbell-Cochrane Habit Formation," SSE/EFI Working Paper Series in Economics and Finance 337, Stockholm School of Economics.

    Cited by:

    1. Mary C. Daly & Daniel J. Wilson, 2006. "Keeping Up with the Joneses and Staying Ahead of the Smiths: Evidence from Suicide Data," Working Paper Series 2006-12, Federal Reserve Bank of San Francisco.
    2. Thomas D. Tallarini & Harold H. Zhang, 2005. "External habit and the cyclicality of expected stock returns," Finance and Economics Discussion Series 2005-27, Board of Governors of the Federal Reserve System (U.S.).
    3. Bianca De Paoli & Jens Søndergaard, 2017. "Revisiting the Forward Premium Anomaly Using Consumption Habits: A New Keynesian Model," Economica, London School of Economics and Political Science, vol. 84(335), pages 516-540, July.
    4. Pauwels, Koen H., 2018. "Modeling Dynamic Relations Among Marketing and Performance Metrics," Foundations and Trends(R) in Marketing, now publishers, vol. 11(4), pages 215-301, November.
    5. Andreas Hornstein & Harald Uhlig, 2000. "What is the Real Story for Interest Rate Volatility?," German Economic Review, Verein für Socialpolitik, vol. 1(1), pages 43-67, February.

  17. Ljungqvist, Lars & Sargent, Thomas J., 1997. "The European Unemployment Dilemma," Working Paper Series 481, Research Institute of Industrial Economics.

    Cited by:

    1. Beissinger, Thomas & Buesse, Oliver, 2002. "The Impact of the Unemployment Benefit System on International Spillover Effects," IZA Discussion Papers 656, Institute of Labor Economics (IZA).
    2. Juan Carlos Conesa & Timothy J. Kehoe, 2017. "Productivity, Taxes, and Hours Worked in Spain: 1970-2015," Staff Report 550, Federal Reserve Bank of Minneapolis.
    3. Jung, Philip & Kuhn, Moritz, 2012. "Earnings Losses and Labor Mobility over the Lifecycle," IZA Discussion Papers 6835, Institute of Labor Economics (IZA).
    4. Vindigni, Andrea, 2008. "Uncertainty and the Politics of Employment Protection," IZA Discussion Papers 3509, Institute of Labor Economics (IZA).
    5. Pries, Michael & Rogerson, Richard, 2009. "Search frictions and labor market participation," European Economic Review, Elsevier, vol. 53(5), pages 568-587, July.
    6. Heaton, Chris & Oslington, Paul, 2010. "Micro vs macro explanations of post-war US unemployment movements," Economics Letters, Elsevier, vol. 106(2), pages 87-91, February.
    7. Kyle Herkenhoff & Lee Ohanian, 2019. "The Impact of Foreclosure Delay on U.S. Employment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 63-83, January.
    8. Kyle F. Herkenhoff, 2018. "The Impact of Consumer Credit Access on Unemployment," NBER Working Papers 25187, National Bureau of Economic Research, Inc.
    9. Xavier Cuadras Morató & Xavier Mateos Planas, 2003. "Are changes in education important for the wage premium and unemployment?," Economics Working Papers 707, Department of Economics and Business, Universitat Pompeu Fabra.
    10. Andreas Pollak, 2004. "Optimal Unemployment Insurance with Variable Skill Levels," Labor and Demography 0409004, University Library of Munich, Germany.
    11. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    12. Busl, Claudia & Seymen, Atılım, 2013. "The German labour market reforms in a European context: A DSGE analysis," ZEW Discussion Papers 13-097, ZEW - Leibniz Centre for European Economic Research.
    13. Luca Benati & Thomas A. Lubik, 2022. "Searching for Hysteresis," Working Paper 22-05, Federal Reserve Bank of Richmond.
    14. Young, Eric R., 2004. "Unemployment insurance and capital accumulation," Journal of Monetary Economics, Elsevier, vol. 51(8), pages 1683-1710, November.
    15. Stéphane Pallage & Lyle Scruggs & Christian Zimmermann, 2009. "Measuring Unemployment Insurance Generosity," Cahiers de recherche 0921, CIRPEE.
    16. Snower, Dennis & Merkl, Christian & Brown, Alessio, 2007. "Comparing the Effectiveness of Employment Subsidies," CEPR Discussion Papers 6334, C.E.P.R. Discussion Papers.
    17. Lee, Jim, 2000. "The Robustness of Okun's Law: Evidence from OECD Countries," Journal of Macroeconomics, Elsevier, vol. 22(2), pages 331-356, April.
    18. Micael Castanheira, 2003. "Public finance and the optimal speed of transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(3), pages 435-462, September.
    19. Pissarides, Christopher, 2002. "Consumption and savings with unemployment risk: implications for optimal employment contracts," LSE Research Online Documents on Economics 2211, London School of Economics and Political Science, LSE Library.
    20. van den Berg, Gerard J. & Vikström, Johan, 2009. "Monitoring job offer decisions, punishments, exit to work, and job quality," Working Paper Series 2009:18, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    21. Lamo, Ana & Wasmer, Etienne & Messina, Julián, 2006. "Are Specific Skills an Obstacle to Labour Market Adjustment? Theory and an Application to the EU Enlargement," CEPR Discussion Papers 5503, C.E.P.R. Discussion Papers.
    22. Andrey Launov & Klaus Wälde, 2013. "Estimating Incentive And Welfare Effects Of Nonstationary Unemployment Benefits," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(4), pages 1159-1198, November.
    23. Kostøl, Andreas Ravndal & Merkle, Matthew C. & Grindaker, Morten, 2024. "Layoff Costs and Learning about Employer Financial Distress," IZA Discussion Papers 17340, Institute of Labor Economics (IZA).
    24. Holmlund, Bertil, 1997. "Unemployment Insurance in Theory and Practice," Working Paper Series 1997:25, Uppsala University, Department of Economics.
    25. Martin Gervais & Nir Jaimovich & Henry E. Siu & Yaniv Yedid-Levi, 2013. "Technological Learning and Labor Market Dynamics," NBER Working Papers 19767, National Bureau of Economic Research, Inc.
    26. Tom Krebs & Martin Scheffel, 2016. "Labor Market Institutions and the Cost of Recessions," CESifo Working Paper Series 6262, CESifo.
    27. Katarína Borovičková & Robert Shimer, 2017. "High Wage Workers Work for High Wage Firms," NBER Working Papers 24074, National Bureau of Economic Research, Inc.
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    6. Danish Ahmed SIDDIQUI & Qazi Masood AHMED, 2020. "Institutions and economic growth: A comparative analysis of developing and developed countries based on institutionalized social technologies index," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(625), W), pages 309-322, Winter.
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    8. Solenne Tanguy, 2005. "Gains de productivité et contrôle de la recherche d'emploi," Cahiers de la Maison des Sciences Economiques v06028, Université Panthéon-Sorbonne (Paris 1).
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    7. Rodriguez-Oreggia, Eduardo & Cardozo-Medeiros, Diego & Parra-Diaz, Pedro Pablo, 2014. "Measuring a Territorial Labor Market Development Index," MPRA Paper 54439, University Library of Munich, Germany.
    8. Agathee, Ushad Subadar & Sannassee, Raja Vinesh & Brooks, Chris, 2012. "The underpricing of IPOs on the Stock Exchange of Mauritius," Research in International Business and Finance, Elsevier, vol. 26(2), pages 281-303.
    9. Jess Benhabib & Mark M. Spiegel, 1997. "Growth and investment across countries," Working Papers in Applied Economic Theory 97-03, Federal Reserve Bank of San Francisco.
    10. Esteban, Joan & Ray, Debraj, 2000. "Wealth constraints, lobbying and the efficiency of public allocation," European Economic Review, Elsevier, vol. 44(4-6), pages 694-705, May.
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    12. Vincenzo Lombardo, 2008. "Dual Economy Models: A Primer for…Growth, Income Distribution and Poverty Analysis," Working Papers 12_2008, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
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    26. Gruber, Lloyd & Kosack, Stephen, 2014. "The tertiary tilt: education and inequality in the developing world," LSE Research Online Documents on Economics 54202, London School of Economics and Political Science, LSE Library.
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    30. Laura Policardo & Edgar J. Sanchez Carrera, 2024. "Effects of Wealth Inequality and Segregation on Economic Growth: An Interpretation via Luxury Asset Holdings," Working Papers - Economics wp2024_09.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
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    46. Dilip Mookherjee & Debraj Ray, 2000. "Persistent Inequality," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-108, Boston University - Department of Economics, revised Oct 2002.
    47. Ryo Arawatari & Tetsuo Ono, 2009. "Inequality, Mobility and Redistributive Taxation in a Finance-constrained Economy," Discussion Papers in Economics and Business 09-28, Osaka University, Graduate School of Economics.
    48. Raquel Fernandez, 2001. "Sorting, Education and Inequality," NBER Working Papers 8101, National Bureau of Economic Research, Inc.
    49. Guillermo E. Perry & Omar S. Arias & J. Humberto López & William F. Maloney & Luis Servén, 2006. "Poverty Reduction and Growth : Virtuous and Vicious Circles," World Bank Publications - Books, The World Bank Group, number 6997, April.
    50. Dilip Mookherjee, 1999. "Contractual Constraints on Firm Performance in Developing Countries," Boston University - Institute for Economic Development 98, Boston University, Institute for Economic Development.
    51. Maria Sarigiannidou & Theodore Palivos, 2012. "A Modern Theory of Kuznets’ Hypothesis," Working Papers 201202, Texas Christian University, Department of Economics.
    52. Benhabib, Jess & Spiegel, Mark M, 2000. "The Role of Financial Development in Growth and Investment," Journal of Economic Growth, Springer, vol. 5(4), pages 341-360, December.
    53. Yuki, Kazuhiro, 2007. "Urbanization, informal sector, and development," Journal of Development Economics, Elsevier, vol. 84(1), pages 76-103, September.
    54. Dilip Mookherjee & Debraj Ray, 2002. "Is Equality Stable?," American Economic Review, American Economic Association, vol. 92(2), pages 253-259, May.
    55. Yuki, Kazuhiro, 2009. "Education, Signaling, and Wage Inequality in a Dynamic Economy," MPRA Paper 16982, University Library of Munich, Germany.
    56. Fuwa, Nobuhiko, 2003. "Pathways from Poverty toward Middle Class: Determinants of Socio-economic Class Mobility in the Rural Philippines," MPRA Paper 23690, University Library of Munich, Germany.
    57. Debraj Ray & Joan-Maria Esteban, 2015. "Inequality and Public Resource Allocation," Working Papers 47, Barcelona School of Economics.
    58. Mookherjee Dilip & Ray Debraj, 2010. "Poverty and Disequalization," Journal of Globalization and Development, De Gruyter, vol. 1(1), pages 1-20, January.
    59. Shafiq, M. Najeeb, 2007. "Household schooling and child labor decisions in rural Bangladesh," Journal of Asian Economics, Elsevier, vol. 18(6), pages 946-966, December.
    60. Mehta, Aashish & Villarreal, Hector J., 2003. "Returns to Schooling, Institutions and Heterogeneous Diploma Effects: An Expanded Mincerian Framework applied to Mexico," Staff Paper Series 465, University of Wisconsin, Agricultural and Applied Economics.
    61. Abhijit Banerjee & Dilip Mookherjee & Kaivan Munshi & Debraj Ray, 2001. "Inequality, Control Rights, and Rent Seeking: Sugar Cooperatives in Maharashtra," Journal of Political Economy, University of Chicago Press, vol. 109(1), pages 138-190, February.
    62. Dilip Mookherjee & Debraj Ray, 2008. "A Dynamic Incentive‐Based Argument for Conditional Transfers," The Economic Record, The Economic Society of Australia, vol. 84(s1), pages 2-16, September.
    63. Sadegh Bakhtiari & Hossein Meisami, 2010. "An empirical investigation of the effects of health and education on income distribution and poverty in Islamic countries," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 37(4), pages 293-301, March.
    64. Marcello D'Amato & Christian Di Pietro, 2011. "Occupational Mobility and Wealth Evolution in a Simple Model of Educational Investment with Credit Market Imperfections," CSEF Working Papers 300, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    65. Shiqi Lyu & Zexian Chen & Simei Pan & Lianhua Liu, 2023. "Market integration and economic growth," PLOS ONE, Public Library of Science, vol. 18(11), pages 1-23, November.
    66. Nino-Zarazua, Miguel, 2008. "Wider impacts of microcredit: evidence from labor and human capital in urban Mexico," MPRA Paper 10814, University Library of Munich, Germany.
    67. Dilip Mookherjee & Silvia Prina & Debraj Ray, 2012. "A Theory of Occupational Choice with Endogenous Fertility," American Economic Journal: Microeconomics, American Economic Association, vol. 4(4), pages 1-34, November.
    68. Miquel Pellicer & Vimal Ranchhod & Mare Sarr & Eva Wegner, 2011. "Inequality Traps in South Africa: An overview and research agenda," SALDRU Working Papers 57, Southern Africa Labour and Development Research Unit, University of Cape Town.
    69. Donald S. Allen & Leonce Ndikumana, 1999. "Income inequality and minimum consumption: implications for growth," Working Papers 1999-013, Federal Reserve Bank of St. Louis.
    70. Karambakuwa, Tapuwa & Ncwadi, Ronney & Phiri, Andrew, 2019. "The human capital-economic growth nexus in SSA countries: What can strengthen the relationship?," MPRA Paper 95199, University Library of Munich, Germany.
    71. Raquel Fernandez & Richard Rogerson, 2000. "Sorting and Long-Run Inequality," NBER Working Papers 7508, National Bureau of Economic Research, Inc.
    72. Friebel, Guido & Leinyuy, Jibirila & Seabright, Paul, 2015. "The Schubert Effect: When Flourishing Businesses Crowd Out Human Capital," World Development, Elsevier, vol. 68(C), pages 124-135.
    73. Khan, haider, 2008. "Analyzing Poverty Impact of Trade Liberalization Policies in CGE Models: Theory and Some Policy Experiments in Agricultural and Non-agricultural Sectors in South Asia," MPRA Paper 7609, University Library of Munich, Germany, revised Mar 2008.
    74. Malcolm Keswell & Laura Poswell, 2004. "Returns To Education In South Africa: A Retrospective Sensitivity Analysis Of The Available Evidence," South African Journal of Economics, Economic Society of South Africa, vol. 72(4), pages 834-860, September.
    75. Aykut Kibritcioglu, 2005. "Determinants of Economic Growth and the Role of Human Capital in New Growth Models [in Turkish]," Development and Comp Systems 0505009, University Library of Munich, Germany.
    76. Debraj Ray, 2010. "Uneven Growth: A Framework for Research in Development Economics," Journal of Economic Perspectives, American Economic Association, vol. 24(3), pages 45-60, Summer.
    77. Haider A. Khan, 2007. "Social Accounting Matrices(SAMs) and CGE Modeling:Using Macroeconomic Computable General Equilibrium Models for Assessing Poverty Impact of Structural Adjustment Policies," CIRJE F-Series CIRJE-F-463, CIRJE, Faculty of Economics, University of Tokyo.
    78. Costas Aariadis & John Stachurski, 2004. "Poverty Traps," Department of Economics - Working Papers Series 913, The University of Melbourne.
    79. De Gregorio, Jose & Kim, Se-Jik, 2000. "Credit Markets with Differences in Abilities: Education, Distribution, and Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(3), pages 579-607, August.
    80. Mehran Ebrahimian & Jessica Wachter, 2020. "Risks to Human Capital," NBER Working Papers 26823, National Bureau of Economic Research, Inc.
    81. Francesc Obiols-Homs, 2015. "On borrowing limits and welfare," Working Papers 401, Barcelona School of Economics.
    82. Yuki, Kazuhiro, 2009. "Government and human capital in a model of development through modernization and specialization," MPRA Paper 19760, University Library of Munich, Germany.
    83. Antonio Lecuna, 2014. "High income inequality as a structural factor in entrepreneurial activity," Past Working Papers xx, Universidad del Desarrollo, School of Business and Economics, revised Dec 2014.
    84. Henry Ohlsson & Jesper Roine & Daniel Waldenstrom, 2006. "Long-Run Changes in the Concentration of Wealth: An Overview of Recent Findings," WIDER Working Paper Series RP2006-103, World Institute for Development Economic Research (UNU-WIDER).
    85. Mehta, Aashish & Villarreal, Hector J., 2003. "Returns to Schooling, Institutions and Heterogeneous Diploma Effects: An Expanded Mincerian Framework applied to Mexico," Staff Papers 12608, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    86. Policardo, Laura & Sanchez Carrera, Edgar J., 2024. "Wealth inequality and economic growth: Evidence from the US and France," Socio-Economic Planning Sciences, Elsevier, vol. 92(C).
    87. Kosack, Stephen & Tobin, Jennifer L., 2015. "Which Countries’ Citizens Are Better Off With Trade?," World Development, Elsevier, vol. 76(C), pages 95-113.
    88. Kiminori Matsuyama, 2002. "Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations," CIRJE F-Series CIRJE-F-186, CIRJE, Faculty of Economics, University of Tokyo.
    89. Mark M. Spiegel, 2001. "Financial development and growth: are the APEC nations unique?," Pacific Basin Working Paper Series 2001-04, Federal Reserve Bank of San Francisco.
    90. Fernández, Raquel, 2001. "Sorting, Education and Inequality," CEPR Discussion Papers 3020, C.E.P.R. Discussion Papers.
    91. Vogel, Thorsten, 2006. "Reassessing intergenerational mobility in Germany and the United States: The impact of differences in lifecycle earnings patterns," SFB 649 Discussion Papers 2006-055, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    92. Raquel Fernandez & Richard Rogerson, 1994. "On the political economy of education subsidies," Staff Report 185, Federal Reserve Bank of Minneapolis.

  22. Lawrence J. Christiano & Lars Ljungqvist, 1987. "Money does Granger-cause output in the bivariate output-money relation," Staff Report 108, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Lawrence J. Christiano & Martin S. Eichenbaum & Robert J. Vigfusson, 2003. "What happens after a technology shock?," International Finance Discussion Papers 768, Board of Governors of the Federal Reserve System (U.S.).
    2. Norman R. Swanson, 2000. "An Out of Sample Test for Granger Causality," Econometric Society World Congress 2000 Contributed Papers 0362, Econometric Society.
    3. D. M. Nachane & Amlendu Kumar Dubey, 2008. "The Vanishing Role of Money in the Macroeconomy - An Empirical Investigation Based On Spectral and Wavelet Analysis," Macroeconomics Working Papers 22369, East Asian Bureau of Economic Research.
    4. Ben Bernanke, 1990. "The Federal Funds Rate and the Channels of Monetary Transnission," NBER Working Papers 3487, National Bureau of Economic Research, Inc.
    5. Bernd Hayo, 1998. "Money-Output Granger Causality Revisited: An Empirical Analysis of EU Countries," Macroeconomics 9809009, University Library of Munich, Germany.
    6. James H. Stock & Mark W. Watson, 1987. "Interpreting Evidence on Money-Income Causality," NBER Working Papers 2228, National Bureau of Economic Research, Inc.
    7. Lawrence J. Christiano & Richard M. Todd, 2000. "The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?," NBER Technical Working Papers 0266, National Bureau of Economic Research, Inc.
    8. Fernando Barran & Virginie Coudert & Benoît Mojon, 1995. "Interest Rates, Banking Spreads and Credit Supply: The Real Effects," Working Papers 1995-01, CEPII research center.
    9. Lawrence J. Christiano, 1987. "Why is consumption less volatile than income?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 11(Fall), pages 2-20.
    10. BIKAI, J. Landry & KENKOUO, Guy Albert, 2015. "Analysis and evaluation of the Monetary Policy Transmission Channels in the CEMAC: A SVAR and SPVAR Approaches," MPRA Paper 78227, University Library of Munich, Germany.
    11. Lawrence J. Christiano & Martin Eichenbaum, 1989. "Unit Roots in Real GNP: Do We Know, and Do We Care?," NBER Working Papers 3130, National Bureau of Economic Research, Inc.
    12. Yash P. Mehra, 1987. "Velocity and the variability of money growth: evidence from Granger- causality tests reevaluated," Working Paper 87-02, Federal Reserve Bank of Richmond.
    13. Lawrence J. Christiano & Martin S. Eichenbaum & Robert J. Vigfusson, 2003. "How do Canadian hours worked respond to a technology shock?," International Finance Discussion Papers 774, Board of Governors of the Federal Reserve System (U.S.).
    14. James B. Bullard, 1991. "The FOMC in 1990: onset of recession," Review, Federal Reserve Bank of St. Louis, issue May, pages 31-53.
    15. Caporale, Guglielmo Maria & Hassapis, Christis & Pittis, Nikitas, 1998. "Unit roots and long-run causality: investigating the relationship between output, money and interest rates," Economic Modelling, Elsevier, vol. 15(1), pages 91-112, January.

Articles

  1. Lars Ljungqvist & Thomas Sargent, 2021. "The fundamental surplus strikes again," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 41, pages 38-51, July.

    Cited by:

    1. Rich Ryan, 2025. "Credit-Market Cyclicality and Unemployment Volatility," JRFM, MDPI, vol. 18(9), pages 1-30, August.
    2. Nakamura, Daisuke, 2024. "Is part-time employment an adjusting valve?: Business cycle analysis on the labor market in Japan by dual search and matching model," Japan and the World Economy, Elsevier, vol. 71(C).
    3. Tsasa, Jean-Paul K., 2022. "Labor market volatility in a fully specified RBC search model: An analytical investigation," Journal of Mathematical Economics, Elsevier, vol. 103(C).
    4. Consolo, Agostino & Hänsel, Matthias, 2024. "HANK faces unemployment," Working Paper Series 2953, European Central Bank.
    5. Rich Ryan, 2024. "Unemployment volatility: When workers pay costs upon accepting jobs," International Journal of Economic Theory, The International Society for Economic Theory, vol. 20(3), pages 303-333, September.
    6. Bingsong Wang, 2023. "The fundamental surplus revisited," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 1-15, December.

  2. David Domeij & Lars Ljungqvist, 2019. "Public Sector Employment and the Skill Premium: Sweden versus the United States 1970–2012," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(1), pages 3-31, January.

    Cited by:

    1. Nida Çakır Melek & Musa Orak, 2023. "Technology and Energy Substitution: A Path toward Climate Change Mitigation," Research Working Paper RWP 23-15, Federal Reserve Bank of Kansas City, revised 02 Aug 2024.
    2. Pietro Garibaldi & Pedro Gomes & Thepthida Sopraseuth, 2019. "Public Employment Redux," Discussion Papers 2001, Centre for Macroeconomics (CFM).
    3. Castex, Gonzalo & (Stanley) Cho, Sang-Wook & Dechter, Evgenia, 2022. "The decline in capital-skill complementarity," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    4. Knoblach, Michael, 2019. "Skill-biased technological change, endogenous labor supply, and the skill premium," CEPIE Working Papers 03/19, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
    5. Lee E. Ohanian & Musa Orak & Shihan Shen, 2021. "Revisiting Capital-Skill Complementarity, Inequality, and Labor Share," International Finance Discussion Papers 1319, Board of Governors of the Federal Reserve System (U.S.).
    6. Diogo Baerlocher, 2022. "Public employment and economic growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 211-236, February.
    7. Olovsson, Conny & Walentin, Karl & Westermark, Andreas, 2021. "Dynamic Macroeconomic Implications of Immigration," Working Paper Series 405, Sveriges Riksbank (Central Bank of Sweden), revised 01 May 2024.
    8. Jørn Rattsø & Hildegunn E Stokke, 2022. "Public sector wage compression and wage inequality: Gender and geographic heterogeneity," Working Paper Series 19522, Department of Economics, Norwegian University of Science and Technology.
    9. Chassamboulli, Andri & Gomes, Pedro, 2023. "Public-sector employment, wages and education decisions," Labour Economics, Elsevier, vol. 82(C).

  3. Sagiri Kitao & Lars Ljungqvist & Thomas Sargent, 2017. "A Life-Cycle Model of Trans-Atlantic Employment Experiences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 320-349, April.
    See citations under working paper version above.
  4. Lars Ljungqvist & Thomas J. Sargent, 2017. "The Fundamental Surplus," American Economic Review, American Economic Association, vol. 107(9), pages 2630-2665, September.

    Cited by:

    1. Freund, L. B & Rendahl, P., 2020. "Unexpected Effects: Uncertainty, Unemployment, and Inflation," Cambridge Working Papers in Economics 2035, Faculty of Economics, University of Cambridge.
    2. Lukesch, Veronika & Zwick, Thomas, 2021. "Outside options drive wage inequalities in continuing jobs: Evidence from a natural experiment," ZEW Discussion Papers 21-003, ZEW - Leibniz Centre for European Economic Research.
    3. Heiberger, Christopher, 2020. "Labor market search, endogenous disasters and the equity premium puzzle," Journal of Economic Dynamics and Control, Elsevier, vol. 114(C).
    4. Rafael Dix-Carneiro & Pinelopi Koujianou Goldberg & Costas Meghir & Gabriel Ulyssea, 2021. "Trade and Informality in the Presence of Labor Market Frictions and Regulations," Upjohn Working Papers 21-347, W.E. Upjohn Institute for Employment Research.
    5. Engin Kara, 2024. "Unemployment volatility in a generalized staggered Nash wage bargaining framework," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(2), pages 378-400, May.
    6. Isaac Baley & Lars Ljungqvist & Thomas J. Sargent, 2021. "Returns to labor mobility. Layoff costs and quit turbulence," Economics Working Papers 1798, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2023.
    7. Miroslav Gabrovski & Athanasios Geromichalos & Lucas Herrenbrueck & Ioannis Kospentaris & Sukjoon Lee, 2025. "How does asset market liquidity affect the real economy? A quantitative assessment of the transmission channels," Working Papers 202501, University of Hawaii at Manoa, Department of Economics.
    8. Rich Ryan, 2025. "Credit-Market Cyclicality and Unemployment Volatility," JRFM, MDPI, vol. 18(9), pages 1-30, August.
    9. Wouter Den Haan & Lukas Freund & Pontus Rendahl, 2020. "Volatile Hiring: Uncertainty in Search and Matching Models," Discussion Papers 2011, Centre for Macroeconomics (CFM).
    10. Marco Fongoni, 2018. "Workers' reciprocity and the (ir)relevance of wage cyclicality for the volatility of job creation," Working Papers 1809, University of Strathclyde Business School, Department of Economics.
    11. Hafstead, Marc A.C. & Williams, Roberton C., 2018. "Unemployment and environmental regulation in general equilibrium," Journal of Public Economics, Elsevier, vol. 160(C), pages 50-65.
    12. Bai, Hang & Zhang, Lu, 2022. "Searching for the equity premium," Journal of Financial Economics, Elsevier, vol. 143(2), pages 897-926.
    13. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2022. "The Matching Function and Nonlinear Business Cycles," Working Papers 2201, Federal Reserve Bank of Dallas.
    14. Li, Jia & Liao, Zhipeng, 2020. "Uniform nonparametric inference for time series," Journal of Econometrics, Elsevier, vol. 219(1), pages 38-51.
    15. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "Asset Prices and Unemployment Fluctuations," Working Papers 20-10, Federal Reserve Bank of Cleveland.
    16. Hertweck, Matthias S. & Lewis, Vivien & Villa, Stefania, 2019. "Going the extra mile: Effort by workers and job-seekers," Discussion Papers 29/2019, Deutsche Bundesbank.
    17. Lars Ljungqvist & Thomas Sargent, 2021. "The fundamental surplus strikes again," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 41, pages 38-51, July.
    18. Indrajit Mitra & Taeuk Seo & Yu Xu, 2021. "High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations," FRB Atlanta Working Paper 2021-22, Federal Reserve Bank of Atlanta.
    19. Veronika Lukesch & Thomas Zwick, 2024. "Do outside options drive wage inequalities in retained jobs? Evidence from a natural experiment," British Journal of Industrial Relations, London School of Economics, vol. 62(1), pages 127-153, March.
    20. Haefke, Christian & Reiter, Michael, 2020. "Long Live the Vacancy," GLO Discussion Paper Series 654, Global Labor Organization (GLO).
    21. Zweimüller, Josef & Jäger, Simon & Schoefer, Benjamin, 2019. "Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations," CEPR Discussion Papers 13473, C.E.P.R. Discussion Papers.
    22. Kudoh, Noritaka & Miyamoto, Hiroaki, 2023. "Do general equilibrium effects matter for labor market dynamics?," Economic Modelling, Elsevier, vol. 119(C).
    23. Simon Jäger & Benjamin Schoefer & Samuel Young & Josef Zweimüller, 2018. "Wages and the Value of Nonemployment," CESifo Working Paper Series 7342, CESifo.
    24. Adjemian, Stéphane & Karamé, Frédéric & Langot, François, 2021. "Nonlinearities and Workers' Heterogeneity in Unemployment Dynamics," IZA Discussion Papers 14822, Institute of Labor Economics (IZA).
    25. Miroslav Gabrovski & Athanasios Geromichalos & Lucas Herrenbrueck & Ioannis Kospentaris & Sukjoon Lee, 2023. "The real effects of financial disruptions in a monetary economy," Working Papers 202302, University of Hawaii at Manoa, Department of Economics.
    26. Miroslav Gabrovski & Ioannis Kospentaris & Lucie Lebeau, 2024. "The Macroeconomics of Labor, Credit and Financial Market Imperfections," Working Papers 2409, Federal Reserve Bank of Dallas.
    27. Kathrin Ellieroth & Amanda M. Michaud, 2024. "Quits, Layoffs, and Labor Supply," Opportunity and Inclusive Growth Institute Working Papers 094, Federal Reserve Bank of Minneapolis.
    28. Faccini, Renato & Yashiv, Eran, 2017. "The importance of hiring frictions in business cycles," LSE Research Online Documents on Economics 87171, London School of Economics and Political Science, LSE Library.
    29. Finkelstein Shapiro, Alan & Olivero, Maria Pia, 2020. "Lending relationships and labor market dynamics," European Economic Review, Elsevier, vol. 127(C).
    30. Nadav Ben Zeev & Tomer Ifergane, 2022. "Firing Restrictions and Economic Resilience: Protect and Survive?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 93-124, January.
    31. Mohammed Ait Lahcen & Garth Baughman & Hugo van Buggenum, 2023. "Racial unemployment gaps and the disparate impact of the inflation tax," ECON - Working Papers 433, Department of Economics - University of Zurich.
    32. Matthew Knowles & Mario Lupoli, 2023. "The Nash Wage Elasticity and its Business Cycle Implications," ECONtribute Discussion Papers Series 240, University of Bonn and University of Cologne, Germany.
    33. Benjamin Schoefer, 2018. "Marginal Jobs and Job Surplus: Evidence from Separations and Unemployment Insurance," 2018 Meeting Papers 1309, Society for Economic Dynamics.
    34. Mohammed Ait Lahcen & Garth Baughman & Stanislav Rabinovich & Hugo van Buggenum, 2021. "Nonlinear Unemployment Effects of the Inflation Tax," Finance and Economics Discussion Series 2021-040, Board of Governors of the Federal Reserve System (U.S.).
    35. Bai, Hang, 2021. "Unemployment and credit risk," Journal of Financial Economics, Elsevier, vol. 142(1), pages 127-145.
    36. Rich Ryan, 2023. "Responses of Unemployment to Productivity Changes for a General Matching Technology," Papers 2307.05843, arXiv.org, revised Nov 2023.
    37. Choi, Sekyu & Figueroa, Nincen & Villena-Roldán, Benjamin, 2020. "Wage Cyclicality Revisited: The Role of Hiring Standards," MPRA Paper 120307, University Library of Munich, Germany, revised 21 Apr 2022.
    38. Gregory, Victoria & Menzio, Guido & Wiczer, David, 2025. "The alpha beta gamma of the labor market," Journal of Monetary Economics, Elsevier, vol. 150(C).
    39. Niklas Engbom, 2019. "Application Cycles," 2019 Meeting Papers 1170, Society for Economic Dynamics.
    40. Björn Brügemann, 2021. "Invariance of Unemployment and Vacancy Dynamics with Respect to Diminishing Returns to Labor at the Firm Level," Tinbergen Institute Discussion Papers 21-034/VI, Tinbergen Institute.
    41. Miroslav Gabrovski & Mario Rafael Silva, 2023. "Unemployment and Labor Productivity Co-movement: the Role of Firm Exit," Working Papers 202301, University of Hawaii at Manoa, Department of Economics.
    42. Martin, Christopher & Wang, Bingsong, 2020. "Search, shirking and labor market volatility," Journal of Macroeconomics, Elsevier, vol. 66(C).
    43. Lars Ljungqvist & Thomas J. Sargent & Isaac Baley, 2021. "Returns to Labor Mobility," Working Papers 1288, Barcelona School of Economics.
    44. Bernstein, Joshua & Richter, Alexander W. & Throckmorton, Nathaniel A., 2021. "Cyclical net entry and exit," European Economic Review, Elsevier, vol. 136(C).
    45. Auray Stéphane & Eyquem Aurélien, 2017. "Unemployment, Borrowing Constraints and Stabilization Policies," Working Papers 2017-63, Center for Research in Economics and Statistics.
    46. Freund, L. B. & Lee, H. & Rendahl, P., 2022. "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation," Cambridge Working Papers in Economics 2251, Faculty of Economics, University of Cambridge.
    47. Tsasa, Jean-Paul K., 2022. "Labor market volatility in a fully specified RBC search model: An analytical investigation," Journal of Mathematical Economics, Elsevier, vol. 103(C).
    48. Antoine Lepetit, 2020. "Asymmetric Unemployment Fluctuations and Monetary Policy Trade-Offs," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 29-45, April.
    49. Yannic Stucki & Jacqueline Thomet, 2018. "The effects of firing costs on employment and hours per employee," Diskussionsschriften dp1820, Universitaet Bern, Departement Volkswirtschaft.
    50. Mohammed Aït Lahcen, 2017. "Informality and the long run Phillips curve," ECON - Working Papers 248, Department of Economics - University of Zurich, revised Dec 2018.
    51. Joshua Bernstein & Michael D. Plante & Alexander W. Richter & Nathaniel A. Throckmorton, 2021. "Countercyclical Fluctuations in Uncertainty are Endogenous," Working Papers 2109, Federal Reserve Bank of Dallas.
    52. Rich Ryan, 2024. "Unemployment volatility: When workers pay costs upon accepting jobs," International Journal of Economic Theory, The International Society for Economic Theory, vol. 20(3), pages 303-333, September.
    53. Jonathon Hazell & Bledi Taska, 2020. "Downward Rigidity in the Wage for New Hires," Discussion Papers 2028, Centre for Macroeconomics (CFM).
    54. Lukas Freund & Hanbaek Lee & Pontus Rendahl, 2022. "Online Appendix to "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation"," Online Appendices 21-230, Review of Economic Dynamics.
    55. Athanasios Geromichalos & Kuk Mo Jung & Ioannis Kospentaris & Changhyun Lee & Sukjoon Lee, 2025. "Central bank interventions and asset market liquidity," Working Papers 373, University of California, Davis, Department of Economics.
    56. Rujiwattanapong, W. Similan, 2025. "Unemployment dynamics and endogenous unemployment insurance extensions," LSE Research Online Documents on Economics 129058, London School of Economics and Political Science, LSE Library.
    57. Normann Rion, 2020. "Fluctuations in a Dual Labor Market," PSE Working Papers halshs-02570540, HAL.
    58. Philip Schnattinger, 2023. "Beliefs- and fundamentals-driven job creation," Bank of England working papers 1040, Bank of England.
    59. M Alper Çenesiz & Luís Guimarães, 2022. "The cyclicality of job search effort in matching models [Labor supply in the past, present, and future: a Balan ced-Growth perspective]," Oxford Economic Papers, Oxford University Press, vol. 74(4), pages 1195-1213.
    60. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2020. "The Business Cycle Mechanics of Search and Matching Models," Working Papers 2026, Federal Reserve Bank of Dallas.
    61. Bingsong Wang, 2023. "The fundamental surplus revisited," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 1-15, December.
    62. Lawrence Christiano & Martin Eichenbaum & Mathias Trabandt, 2021. "Why is Unemployment so Countercyclical?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 41, pages 4-37, July.
    63. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2021. "Nonlinear Search and Matching Explained," Working Papers 2106, Federal Reserve Bank of Dallas.
    64. Mitman, Kurt & Rabinovich, Stanislav, 2024. "Do unemployment benefit extensions explain the emergence of jobless recoveries?," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).

  5. Lars Ljungqvist & Harald Uhlig, 2015. "Comment on the Campbell-Cochrane Habit Model," Journal of Political Economy, University of Chicago Press, vol. 123(5), pages 1201-1213.

    Cited by:

    1. Hood, Rick & Goldacre, Allie, 2021. "Exploring the impact of Ofsted inspections on performance in children’s social care," Children and Youth Services Review, Elsevier, vol. 129(C).
    2. Ľuboš Pástor & Pietro Veronesi, 2021. "Inequality Aversion, Populism, and the Backlash against Globalization," Journal of Finance, American Finance Association, vol. 76(6), pages 2857-2906, December.
    3. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "Asset Prices and Unemployment Fluctuations," Working Papers 20-10, Federal Reserve Bank of Cleveland.
    4. Lars Ljungqvist & Thomas Sargent, 2021. "The fundamental surplus strikes again," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 41, pages 38-51, July.
    5. Fengqi Liu & Keqing Liu & Jianpo Xue, 2025. "Habit Formation and News-driven Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    6. John List & Harald Uhlig, 2017. "Introduction," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1723-1727.
    7. Pierlauro Lopez, 2021. "Welfare Implications of Asset Pricing Facts: Should Central Banks Fill Gaps or Remove Volatility?," Working Papers 21-16R, Federal Reserve Bank of Cleveland, revised 16 May 2023.
    8. Ufuk Akcigit & Fernando Alvarez & Stephane Bonhomme & George M Constantinides & Douglas W Diamond & Eugene F Fama & David W Galenson & Michael Greenstone & Lars Peter Hansen & Uhlig Harald & James J H, 2017. "The Past, Present, and Future of Economics: A Celebration of the 125-Year Anniversary of the JPE and of Chicago Economics," Natural Field Experiments 00635, The Field Experiments Website.
    9. George M. Constantinides, 2017. "Asset Pricing: Models and Empirical Evidence," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1782-1790.
    10. Pier dup Lopez & J. David López-Salido & Francisco Vazquez-Grande, 2015. "Nominal Rigidities and the Term Structures of Equity and Bond Returns," Finance and Economics Discussion Series 2015-64, Board of Governors of the Federal Reserve System (U.S.).

  6. Lars Ljungvist & Thomas Sargent, 2014. "Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, Taxes, and Social Security," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(1), pages 1-20, January.

    Cited by:

    1. Sagiri Kitao & Lars Ljungqvist & Thomas Sargent, 2017. "A Life-Cycle Model of Trans-Atlantic Employment Experiences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 320-349, April.
    2. Philippe Choné & Guy Laroque, 2018. "On the redistributive power of pensions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 50(3), pages 519-546, March.
    3. Blundell, R. & French, E. & Tetlow, G., 2016. "Retirement Incentives and Labor Supply," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 457-566, Elsevier.
    4. Simon Fan & Yu Pang & Pierre Pestieau, 2022. "Investment in children, social security, and intragenerational risk sharing," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(2), pages 286-315, April.
    5. Sigurd Mølster Galaasen, 2021. "Pension Reform Disabled," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(4), pages 1227-1260, October.
    6. Michau, Jean-Baptiste, 2014. "Optimal redistribution: A life-cycle perspective," Journal of Public Economics, Elsevier, vol. 111(C), pages 1-16.
    7. Holter, Hans A. & Ljungqvist, Lars & Sargent, Thomas J. & Stepanchuk, Serhiy, 2025. "Singles, couples, time-averaging, and taxation," Journal of Monetary Economics, Elsevier, vol. 150(C).
    8. Sebastian Graves & Victoria Gregory & Lars Ljungsqvist & Thomas Sargent, 2026. "Time Averaging Meets Heckman, Lochner, and Taber and Ben-Porath," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 59, January.

  7. Lars Ljungqvist & Thomas J. Sargent, 2011. "A Labor Supply Elasticity Accord?," American Economic Review, American Economic Association, vol. 101(3), pages 487-491, May.

    Cited by:

    1. You, Jing & Wang, Shaoyang, 2018. "Unemployment duration and job-match quality in urban China: The dynamic impact of 2008 Labor Contract Law," Economic Modelling, Elsevier, vol. 71(C), pages 220-233.
    2. Richard Blundell, 2016. "Coase Lecture—Human Capital, Inequality and Tax Reform: Recent Past and Future Prospects," Economica, London School of Economics and Political Science, vol. 83(330), pages 201-218, April.
    3. Mennuni, Alessandro, 2019. "The aggregate implications of changes in the labour force composition," European Economic Review, Elsevier, vol. 116(C), pages 83-106.
    4. Haefke, Christian & Reiter, Michael, 2011. "What Do Participation Fluctuations Tell Us About Labor Supply Elasticities?," IZA Discussion Papers 6039, Institute of Labor Economics (IZA).
    5. Riccardo Fiorito & Giulio Zanella, 2012. "The Anatomy of the Aggregate Labor Supply Elasticity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 171-187, April.
    6. Ben J. Heijdra & Laurie S. M. Reijnders, 2016. "Human Capital Accumulation and the Macroeconomy in an Ageing Society," De Economist, Springer, vol. 164(3), pages 297-334, September.
    7. Sagiri Kitao & Lars Ljungqvist & Thomas Sargent, 2017. "A Life-Cycle Model of Trans-Atlantic Employment Experiences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 320-349, April.
    8. Dayanand S. Manoli & Andrea Weber, 2011. "Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions," NBER Working Papers 17320, National Bureau of Economic Research, Inc.
    9. Orazio Attanasio, 2012. "Comment on "Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities"," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 57-77, National Bureau of Economic Research, Inc.
    10. Orazio Attanasio & Peter Levell & Hamish Low & Virginia Sánchez-Marcos, 2015. "Aggregating Elasticities: Intensive and Extensive Margins of Female Labour Supply," Cambridge Working Papers in Economics 1519, Faculty of Economics, University of Cambridge.
    11. Orazio Attanasio, 2013. "Comment," NBER Macroeconomics Annual, University of Chicago Press, vol. 27(1), pages 57-77.
    12. Anas, Alex & Chang, Huibin, 2023. "Productivity benefits of urban transportation megaprojects: A general equilibrium analysis of «Grand Paris Express»," Transportation Research Part B: Methodological, Elsevier, vol. 174(C).
    13. Tomura, Hajime, 2013. "Heterogeneous beliefs and housing-market boom-bust cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 735-755.
    14. Antonio Cutanda Tarín, 2019. "Intertemporal substitution in the Spanish economy: Evidence from regional data," Metroeconomica, Wiley Blackwell, vol. 70(1), pages 209-229, February.
    15. Povoledo, Laura, 2012. "Modelling the sectoral allocation of labour in open economy models," MPRA Paper 40344, University Library of Munich, Germany.
    16. Orazio Attanasio & Peter Levell & Hamish Low & Virginia Sánchez‐Marcos, 2018. "Aggregating Elasticities: Intensive and Extensive Margins of Women's Labor Supply," Econometrica, Econometric Society, vol. 86(6), pages 2049-2082, November.
    17. Dyrda, Sebastian & Kaplan, Greg & Ríos-Rull, José-Víctor, 2024. "Living arrangements and labor market volatility of young workers," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).
    18. Lars Ljungvist & Thomas Sargent, 2014. "Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, Taxes, and Social Security," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(1), pages 1-20, January.
    19. Kokonas, Nikolaos & Monteiro, Paulo Santos, 2021. "Aggregation in economies with search frictions," Journal of Mathematical Economics, Elsevier, vol. 96(C).
    20. Leonardo Auernheimer & Danilo Trupkin, 2014. "The Role of Inventories and Capacity Utilization as Shock Absorbers," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(1), pages 70-85, January.
    21. Sigurd Mølster Galaasen, 2021. "Pension Reform Disabled," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(4), pages 1227-1260, October.
    22. Kaiji Chen & Ayşe İmrohoroğlu, 2017. "Debt in the US economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(4), pages 675-706, December.
    23. Borowczyk-Martins, Daniel & Lalé, Etienne, 2016. "Employment Adjustment and Part-time Jobs: The U.S. and the U.K. in the Great Recession," IZA Discussion Papers 9847, Institute of Labor Economics (IZA).
    24. Sebastian Graves & Victoria Gregory & Lars Ljungsqvist & Thomas Sargent, 2026. "Time Averaging Meets Heckman, Lochner, and Taber and Ben-Porath," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 59, January.
    25. Chetty, Nadarajan & Weber, Andrea & Guren, Adam Michael & Day, Manoli, 2011. "Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on the Intensive and Extensive Margins," Scholarly Articles 11878970, Harvard University Department of Economics.
    26. Raj Chetty & Adam Guren & Dayanand S. Manoli & Andrea Weber, 2011. "Does Indivisible Labor Explain the Difference Between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities," NBER Working Papers 16729, National Bureau of Economic Research, Inc.

  8. Lars Ljungqvist, 2010. "Unemployment Crisis - Challenge and Opportunity," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(01), pages 7-13, April.

    Cited by:

    1. Peichl, Andreas & Siegloch, Sebastian, 2012. "Accounting for labor demand effects in structural labor supply models," Labour Economics, Elsevier, vol. 19(1), pages 129-138.

  9. Lars Ljungqvist & Thomas J. Sargent, 2008. "Two Questions about European Unemployment," Econometrica, Econometric Society, vol. 76(1), pages 1-29, January.

    Cited by:

    1. Setty, Ofer, 2012. "Unemployment Accounts," Foerder Institute for Economic Research Working Papers 275765, Tel-Aviv University > Foerder Institute for Economic Research.
    2. Karabay, Bilgehan & McLaren, John, 2011. "Pareto-improving firing costs?," European Economic Review, Elsevier, vol. 55(8), pages 1083-1093.
    3. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    4. Dai, Min & Keppo, Jussi & Maull, Tim, 2015. "Hiring, firing, and relocation under employment protection," Journal of Economic Dynamics and Control, Elsevier, vol. 56(C), pages 55-81.
    5. Bill Dupor, 2020. "Possible Fiscal Policies for Rare, Unanticipated, and Severe Viral Outbreaks," Economic Synopses, Federal Reserve Bank of St. Louis, issue 6, March.
    6. Stephan Humpert & Christian Pfeifer, 2011. "Explaining Age and Gender Differences in Employment Rates: A Labor Supply Side Perspective," Working Paper Series in Economics 214, University of Lüneburg, Institute of Economics.
    7. Lalé, Etienne, 2012. "Trends in occupational mobility in France: 1982–2009," Labour Economics, Elsevier, vol. 19(3), pages 373-387.
    8. Arnaud Chéron & Jean-Olivier Hairault & François Langot, 2011. "Age-Dependent Employment Protection," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00623282, HAL.
    9. Alexandre Janiak & Benjamín Villena-Roldán & Sekyu Choi, 2015. "Unemployment, Participation and Worker Flows Over the Life-Cycle," Working Papers 617, Barcelona School of Economics.
    10. Lei Fang & Jun Nie, 2014. "Human capital dynamics and the U.S. labor market," Research Working Paper RWP 13-10, Federal Reserve Bank of Kansas City.
    11. Nikolaos Kokonas & Paulo Santos Monteiro, 2023. "Self-fulfilling labor wedge fluctuations and unemployment insurance," Discussion Papers 2313, Centre for Macroeconomics (CFM).
    12. Jean-Olivier Hairault & François Langot & André Zylberberg, 2015. "Equilibrium unemployment and retirement," Post-Print hal-01309516, HAL.
    13. Ma, Qingyin & Stachurski, John, 2019. "Optimal timing of decisions: A general theory based on continuation values," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 62-81.
    14. Julien Albertini & Arthur Poirier & Anthony Terriau, 2020. "The impact of EITC on education, labor market trajectories, and inequalities," Working Papers 2036, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    15. Isaac Baley & Lars Ljunqvist & Thomas Sargent, 2023. "Cross-Phenomenon Restrictions: Unemployment Effects of Layoff Costs and Quit Turbulence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 43-60, October.
    16. Sanz Labrador, Ismael & Sanz-Sanz, José Félix, 2013. "Política fiscal y crecimiento económico: consideraciones microeconómicas y relaciones macroeconómicas," Macroeconomía del Desarrollo 5367, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    17. Meryem Gökten & Philipp Heimberger & Andreas Lichtenberger, 2024. "How Far from Full Employment? The European Unemployment Problem Revisited," wiiw Working Papers 245, The Vienna Institute for International Economic Studies, wiiw.
    18. Krause, Michael U. & Uhlig, Harald, 2012. "Transitions in the German labor market: Structure and crisis," Journal of Monetary Economics, Elsevier, vol. 59(1), pages 64-79.
    19. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2010. "Distance to Retirement and The Job Search of Older Workers: The Case For Delaying Retirement Age," Post-Print hal-00517107, HAL.
    20. Langot, François & Quintero Rojas, Coralia, 2008. "European vs. American Hours Worked: Assessing the Role of the Extensive and Intensive Margins," IZA Discussion Papers 3846, Institute of Labor Economics (IZA).
    21. Keshab Bhattarai & Huw Dixon, 2014. "Equilibrium Unemployment in a General Equilibrium Model with Taxes," Manchester School, University of Manchester, vol. 82(S1), pages 90-128, September.
    22. Chen, Been-Lon & Lai, Chih-Fang, 2015. "Effects of labor taxes and unemployment compensation on labor supply in a search model with an endogenous labor force," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 300-317.
    23. Jean-Olivier Hairault & François Langot & Sébastien Ménard & Thepthida Sopraseuth, 2012. "Optimal Unemployment Insurance for Older Workers," Post-Print hal-00668989, HAL.
    24. Torben M. Andersen, 2016. "Automatic stabilizers—the intersection of labour market and fiscal policies," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-18, December.
    25. Birinci, Serdar, 2025. "Comment on “How to fund unemployment insurance with informality and false claims: Evidence from Senegal” by Ndiaye, Herkenhoff, Cissé, Dell’Acqua, and Mbaye," Journal of Monetary Economics, Elsevier, vol. 150(C).
    26. Laetitia Challe & Florent Fremigacci & Fran ois Langot & Yannick L'Horty & Lo c du Parquet & Pascale Petit, 2016. "Acces To Employment With Age And Gender: Results Of A Controlled Experiment," TEPP Working Paper 2016-02, TEPP.
    27. Julien Albertini & Xavier Fairise & Arthur Poirier & Anthony Terriau, 2022. "Short-time work policies during the COVID-19 pandemic," Working Papers 2204, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    28. Arnaud Chéron & Jean-Olivier Hairault & François Langot, 2013. "Life-Cycle Equilibrium Unemployment," Journal of Labor Economics, University of Chicago Press, vol. 31(4), pages 843-882.
    29. Sagiri Kitao & Lars Ljungqvist & Thomas Sargent, 2017. "A Life-Cycle Model of Trans-Atlantic Employment Experiences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 320-349, April.
    30. Moreno-Galbis, Eva, 2012. "The impact of TFP growth on the unemployment rate: Does on-the-job training matter?," European Economic Review, Elsevier, vol. 56(8), pages 1692-1713.
    31. Cook, David & Xu, Juanyi, 2015. "Eurosclerosis and international business cycles," Journal of International Economics, Elsevier, vol. 95(1), pages 54-67.
    32. Eloiza Regina Ferreira de Almeida & Renata Narita, 2024. "The gender difference in wage losses after leaving formal employment in Brazil," Working Papers, Department of Economics 2024_01, University of São Paulo (FEA-USP).
    33. Pierre-Jean Messe & Eva Moreno-Galbis & Fran ois-Charles Wolf, 2014. "Retirement intentions in the presence of technological change: Theory and evidence from France," TEPP Working Paper 2014-04, TEPP.
    34. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "Asset Prices and Unemployment Fluctuations," Working Papers 20-10, Federal Reserve Bank of Cleveland.
    35. F. Langot & L. Patureau & T. Sopraseuth, 2014. "Fiscal Devaluation and Structural Gaps," Working papers 508, Banque de France.
    36. Guo, Audrey & Johnston, Andrew C., 2020. "The Finance of Unemployment Compensation and its Consequence for the Labor Market," IZA Discussion Papers 13330, Institute of Labor Economics (IZA).
    37. Andreas Hornstein & Marios Karabarbounis & Andre Kurmann & Etienne Lale & Lien Ta, 2023. "Disincentive Effects of Unemployment Insurance Benefits," Working Paper 23-11, Federal Reserve Bank of Richmond.
    38. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2014. "Why is Old Workers' Labor Market more Volatile? Unemployment Fluctuations over the Life-Cycle," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00972291, HAL.
    39. Bérangère Legendre & Mareva Sabatier, 2017. "The puzzle of older workers' employment: Distance to retirement and health effects," Post-Print hal-01522749, HAL.
    40. Jung, Philip & Kuester, Keith, 2011. "The (un)importance of unemployment fluctuations for the welfare cost of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1744-1768, October.
    41. Been-Lon Chen & Mei Hsu & Chih-Fang Lai, 2015. "Relative Effects of Labour Taxes and Unemployment Benefits on Hours Worked Per Worker and Employment," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 282-309, May.
    42. Sarah Le Duigou, 2020. "Endogenous Unemployment Benefits in an Equilibrium Job Search Model over the Life-Cycle," Post-Print hal-03884234, HAL.
    43. Langot, François & Lemoine, Matthieu, 2017. "Strategic fiscal policies in Europe: Why does the labour wedge matter?," European Economic Review, Elsevier, vol. 91(C), pages 15-29.
    44. Sarah Le Duigou & Pierre-Jean Messe, 2017. "Pension reforms, older workers' employment and the role of job separation and finding rates in France," TEPP Working Paper 2017-10, TEPP.
    45. Schmieder, Johannes F. & Wachter, Till von & Bender, Stefan, 2014. "The Causal Effect of Unemployment Duration on Wages: Evidence from Unemployment Insurance Extensions," IZA Discussion Papers 8700, Institute of Labor Economics (IZA).
    46. Patrick Kehoe & Elena Pastorino & Virgiliu Midrigan, 2016. "Debt Constraints and Employment," NBER Working Papers 22614, National Bureau of Economic Research, Inc.
    47. F. Langot & Matthieu Lemoine, 2014. "Strategic fiscal revaluation or devaluation: why does the labor wedge matter?," Working papers 516, Banque de France.
    48. Prein, Timm, 2019. "Persistent Unemployment, Sovereign Debt Crises, and the Impact of Haircuts," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203654, Verein für Socialpolitik / German Economic Association, revised 2019.
    49. Jung, Philip & Kuhn, Moritz, 2012. "Earnings losses and labor mobility over the life-cycle," MPRA Paper 40287, University Library of Munich, Germany.
    50. Etienne Lalé, 2015. "Turbulence and the Employment Experience of Older Workers," Bristol Economics Discussion Papers 15/652, School of Economics, University of Bristol, UK, revised 13 Jul 2016.
    51. Luca Marchiori & Olivier Pierrard & Henri R. Sneessens, 2011. "Demography, capital flows and unemployment," BCL working papers 69, Central Bank of Luxembourg.
    52. López-Martín Bernabé & Takayama Naoki, 2015. "The Blighted Youth: The Impact of Recessions and Policies on Life-Cycle Unemployment," Working Papers 2015-22, Banco de México.
    53. Ross Doppelt, 2019. "Skill Flows: A Theory of Human Capital and Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 84-122, January.
    54. Nicholas Trachter & Hernan Ruffo & Facundo Piguillem, 2012. "Unemployment Insurance in a Life Cycle General Equilibrium Model with Human Capital," 2012 Meeting Papers 1046, Society for Economic Dynamics.
    55. Philip Jung & Keith Kuester, 2011. "Optimal labor-market policy in recessions," Working Papers 11-48, Federal Reserve Bank of Philadelphia.
    56. Ochsen, Carsten, 2008. "How the distribution of unemployment by duration affects the unemployment rate," Thuenen-Series of Applied Economic Theory 88, University of Rostock, Institute of Economics.
    57. Cristina Lafuente, 2018. "Search capital and Unemployment Duration," 2018 Meeting Papers 427, Society for Economic Dynamics.
    58. Julien Albertini & Arthur Poirier & Anthony Terriau, 2025. "Payroll Tax Reductions on Low Wages and Minimum Wage in France," Working Papers 2501, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    59. Zuchuat, Jeremy & Lalive, Rafael & Osikominu, Aderonke & Pesaresi, Lorenzo & Zweimüller, Josef, 2023. "Duration Dependence in Finding a Job: Applications, Interviews, and Job Offers," IZA Discussion Papers 16602, Institute of Labor Economics (IZA).
    60. Jean-Baptiste Michau, 2009. "Unemployment Insurance and Cultural Transmission: Theory and Application to European Unemployment," CEP Discussion Papers dp0936, Centre for Economic Performance, LSE.
    61. Stefan Boeters, 2014. "Age-Specific Labour Market Effects of Employment Protection - A numerical approach," CPB Discussion Paper 281, CPB Netherlands Bureau for Economic Policy Analysis.
    62. Langot, François & Moreno-Galbis, Eva, 2013. "Does the growth process discriminate against older workers?," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 286-306.
    63. Litina, Anastasia & Makridis, Christos A. & Tsiachtsiras, Georgios, 2021. "Do product market reforms raise innovation? Evidence from Micro-data across 12 countries," Technological Forecasting and Social Change, Elsevier, vol. 169(C).
    64. Zweimüller, Josef, 2018. "Unemployment insurance and the labor market," Labour Economics, Elsevier, vol. 53(C), pages 1-14.
    65. Créchet, Jonathan & Lalé, Etienne & Tarasonis, Linas, 2024. "Life-Cycle Worker Flows and Cross-Country Differences in Aggregate Employment," IZA Discussion Papers 16878, Institute of Labor Economics (IZA).
    66. Lalé, Etienne, 2018. "Loss of skill and labor market fluctuations," Labour Economics, Elsevier, vol. 50(C), pages 20-31.
    67. Jocelyn Maillard, 2018. "Heterogeneity, Rigidity and Convergence of Labor Markets in the Euro Area," Working Papers 1823, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    68. Janiak, Alexandre, 2013. "Structural unemployment and the costs of firm entry and exit," Labour Economics, Elsevier, vol. 23(C), pages 1-19.
    69. Lars Ljungvist & Thomas Sargent, 2014. "Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, Taxes, and Social Security," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(1), pages 1-20, January.
    70. Arash Nekoei & Andrea Weber, 2014. "Does Extending Unemployment Benefits Improve Job Quality?," NRN working papers 2014-04, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
    71. Jun Nie, 2010. "Training or search? evidence and an equilibrium model," Research Working Paper RWP 10-03, Federal Reserve Bank of Kansas City.
    72. Murat Tasci & Mary Zenker, 2011. "Labor market rigidity, unemployment, and the Great Recession," Economic Commentary, Federal Reserve Bank of Cleveland, issue June.
    73. Ying Feng & David Lagakos & James E. Rauch, 2018. "Unemployment and Development," Working Papers 2018-083, Human Capital and Economic Opportunity Working Group.
    74. Belot, Michèle & Kircher, Philipp & Muller, Paul, 2022. "Do the Long-Term Unemployed Benefit from Automated Occupational Advice during Online Job Search?," IZA Discussion Papers 15452, Institute of Labor Economics (IZA).
    75. Albertini, Julien & Hairault, Jean Olivier, 2016. "Aggregate employment, job polarization and inequalities: A transatlantic perspective," SFB 649 Discussion Papers 2016-014, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    76. Ortego-Marti, Victor, 2016. "Unemployment history and frictional wage dispersion," Journal of Monetary Economics, Elsevier, vol. 78(C), pages 5-22.
    77. Chéron, Arnaud & Rouland, Bénédicte, 2011. "Endogenous job destructions and the distribution of wages," Labour Economics, Elsevier, vol. 18(6), pages 845-852.
    78. Hairault, Jean-Olivier & Langot, Francois & Sopraseuth, Thepthida, 2019. "Unemployment fluctuations over the life cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 100(C), pages 334-352.
    79. Alexandre Janiak, 2010. "Structural unemployment and the regulation of product market," Documentos de Trabajo 274, Centro de Economía Aplicada, Universidad de Chile.
    80. Ortego-Marti, Victor, 2017. "Loss of skill during unemployment and TFP differences across countries," European Economic Review, Elsevier, vol. 100(C), pages 215-235.
    81. Arnaud Chéron & Jean-Olivier Hairault & François Langot, 2009. "The role of Institutions in Transatlantic Employment Differences: A Life-Cycle View," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00623280, HAL.
    82. Lars Ljungqvist, 2010. "Unemployment Crisis - Challenge and Opportunity," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(01), pages 7-13, April.
    83. Simon Gemkow & Michael Neugart, 2011. "Referral hiring, endogenous social networks, and inequality: an agent-based analysis," Journal of Evolutionary Economics, Springer, vol. 21(4), pages 703-719, October.
    84. Pfeifer, Christian, 2009. "An Intra-Firm Perspective on Wage Profiles and Employment of Older Workers with Special Reference to Human Capital and Deferred Compensation," Hannover Economic Papers (HEP) dp-413, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    85. Javier Fernández‐Blanco & Pedro Gomes, 2017. "Unobserved Heterogeneity, Exit Rates, and Re‐Employment Wages," Scandinavian Journal of Economics, Wiley Blackwell, vol. 119(2), pages 375-404, April.
    86. Lalé, Etienne, 2017. "Worker reallocation across occupations: Confronting data with theory," Labour Economics, Elsevier, vol. 44(C), pages 51-68.
    87. Marcus Hagedorn & Iourii Manovskii & Sergiy Stetsenko, 2016. "Taxation and Unemployment in Models with Heterogeneous Workers," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 19, pages 161-189, January.
    88. Hernandez Martinez, Victor & Liu, Kaixin, 2025. "The value of unemployment insurance: Liquidity vs. insurance value," Labour Economics, Elsevier, vol. 93(C).
    89. Philip, Jung & Moritz, Kuhn, 2011. "The Era of the U.S.-Europe Labor Market Divide: What can we learn?," MPRA Paper 32322, University Library of Munich, Germany.
    90. Flávio Cunha & James Heckman, 2016. "Decomposing Trends in Inequality in Earnings into Forecastable and Uncertain Components," Journal of Labor Economics, University of Chicago Press, vol. 34(S2), pages 31-65.
    91. Rosario Aldunate & Gabriela Contreras & Matías Tapia, 2019. "Sectoral Transitions Between Formal Wage Jobs in Chile," Working Papers Central Bank of Chile 836, Central Bank of Chile.
    92. Bayer, Christian & Juessen, Falko, 2009. "The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison," IZA Discussion Papers 4402, Institute of Labor Economics (IZA).
    93. Tjaden, Volker & Wellschmied, Felix, 2012. "Exploring the Causes of Frictional Wage Dispersion," IZA Discussion Papers 6299, Institute of Labor Economics (IZA).
    94. Tumen, Semih, 2016. "Informality as a Stepping Stone: A Search-Theoretical Assessment of Informal Sector and Government Policy," IZA Discussion Papers 10116, Institute of Labor Economics (IZA).
    95. Achim Schmillen, 2019. "Vocational education, occupational choice and unemployment over the professional career," Empirical Economics, Springer, vol. 57(3), pages 805-838, September.
    96. Driouchi, Ahmed, 2014. "Unemployment Persistence & Risks of Skill Obsolescence in Arab Countries," MPRA Paper 53793, University Library of Munich, Germany.
    97. Michau, Jean-Baptiste, 2015. "Optimal labor market policy with search frictions and risk-averse workers," Labour Economics, Elsevier, vol. 35(C), pages 93-107.
    98. Rogerson, Richard & Shimer, Robert, 2011. "Search in Macroeconomic Models of the Labor Market," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 7, pages Pages: 61, Elsevier.
    99. Hahn, Volker, 2009. "Search, unemployment, and age," Journal of Economic Dynamics and Control, Elsevier, vol. 33(6), pages 1361-1378, June.
    100. Emma Bylund & Jens Iversen & Anders Vredin, 2024. "Monetary Policy in Sweden After the End of Bretton Woods," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 66(3), pages 535-590, September.
    101. Cristina Lafuente, 2017. "Search capital and Unemployment Duration (Preliminary)," Edinburgh School of Economics Discussion Paper Series 283, Edinburgh School of Economics, University of Edinburgh.

  10. Ljungqvist, Lars & Sargent, Thomas J., 2008. "Taxes, benefits, and careers: Complete versus incomplete markets," Journal of Monetary Economics, Elsevier, vol. 55(1), pages 98-125, January.
    See citations under working paper version above.
  11. Ljungqvist, Lars & Sargent, Thomas J., 2007. "Understanding European unemployment with a representative family model," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2180-2204, November.

    Cited by:

    1. Marius Clemens & Guillaume Claveres, 2017. "Unemployment Insurance Union," 2017 Meeting Papers 1340, Society for Economic Dynamics.
    2. Pratap, Sangeeta & Quintin, Erwan, 2011. "Financial crises and labor market turbulence," Journal of Monetary Economics, Elsevier, vol. 58(6), pages 601-615.
    3. Belan, Pascal & Chéron, Arnaud, 2014. "Turbulence, training and unemployment," Labour Economics, Elsevier, vol. 27(C), pages 16-29.
    4. Matteo Cacciatore, 2012. "International Trade and Macroeconomic Dynamics with Labor Market Frictions," 2012 Meeting Papers 875, Society for Economic Dynamics.
    5. Finkelstein-Shapiro, Alan & Sarzosa, Miguel, 2012. "Unemployement Protection for Informal Workers in Latin America and the Caribbean," IDB Publications (Working Papers) 4542, Inter-American Development Bank.
    6. Chen, Been-Lon & Lai, Chih-Fang, 2015. "Effects of labor taxes and unemployment compensation on labor supply in a search model with an endogenous labor force," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 300-317.
    7. Sagiri Kitao & Lars Ljungqvist & Thomas Sargent, 2017. "A Life-Cycle Model of Trans-Atlantic Employment Experiences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 320-349, April.
    8. Casey B. Mulligan, 2009. "Means-Tested Mortgage Modification: Homes Saved or Income Destroyed?," NBER Working Papers 15281, National Bureau of Economic Research, Inc.
    9. Marcelo Veracierto, 2016. "Establishment Dynamics, Vacancies, And Unemployment: A Neoclassical Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(4), pages 1201-1236, November.
    10. Arnaud Chéron & Jean-Olivier Hairault & François Langot, 2011. "Age-Dependent Employment Protection," PSE-Ecole d'économie de Paris (Postprint) hal-00623282, HAL.
    11. Lei Fang & Jun Nie, 2014. "Human Capital Dynamics and the U.S. Labor Market," FRB Atlanta Working Paper 2014-2, Federal Reserve Bank of Atlanta.
    12. Chen, Been-Lon & Hsu, Mei & Lai, Chih-Fang, 2016. "Relation between growth and unemployment in a model with labor-force participation and adverse labor institutions," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 273-292.
    13. Cheng, G., 2013. "A Growth Perspective on Foreign Reserve Accumulation," Working papers 443, Banque de France.
    14. Leung, Charles Ka Yui & Tang, Edward Chi Ho, 2014. "Availability, Affordability and Volatility: the case of Hong Kong Housing Market," MPRA Paper 58770, University Library of Munich, Germany.
    15. Ruy Lama & Gustavo Leyva & Carlos Urrutia, 2022. "Labor Market Policies and Business Cycles in Emerging Economies," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(2), pages 300-337, June.
    16. Eguchi, Kyota, 2014. "Employment protection and incentives: Severance pay vs. procedural inconvenience," Journal of the Japanese and International Economies, Elsevier, vol. 34(C), pages 272-290.
    17. Ortego-Marti, Victor, 2017. "Loss of skill during unemployment and TFP differences across countries," European Economic Review, Elsevier, vol. 100(C), pages 215-235.
    18. Ronald Leung & Marco Stampini & Desire Vencatachellum, 2014. "Does Human Capital Protect Workers against Exogenous Shocks? Evidence from Panel Data on South Africa during the 2008-2009 Crisis," South African Journal of Economics, Economic Society of South Africa, vol. 82(1), pages 99-116, March.
    19. Arnaud Cheron & Anthony Terriau, 2015. "Search frictions and (in)efficient vocational training over the life-cycle," Working Papers hal-01292113, HAL.
    20. Ljungqvist, Lars & Sargent, Thomas J., 2008. "Taxes, benefits, and careers: Complete versus incomplete markets," Journal of Monetary Economics, Elsevier, vol. 55(1), pages 98-125, January.
    21. Ljungqvist, Lars & Sargent, Thomas J., 2007. "Understanding European unemployment with matching and search-island models," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2139-2179, November.

  12. Ljungqvist, Lars & Sargent, Thomas J., 2007. "Understanding European unemployment with matching and search-island models," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2139-2179, November.

    Cited by:

    1. Marius Clemens & Guillaume Claveres, 2017. "Unemployment Insurance Union," 2017 Meeting Papers 1340, Society for Economic Dynamics.
    2. Belan, Pascal & Chéron, Arnaud, 2014. "Turbulence, training and unemployment," Labour Economics, Elsevier, vol. 27(C), pages 16-29.
    3. Etienne Lalé, 2015. "Loss of Skill and Labor Market Fluctuations," Bristol Economics Discussion Papers 15/668, School of Economics, University of Bristol, UK, revised 18 Jan 2017.
    4. Matteo Cacciatore, 2012. "International Trade and Macroeconomic Dynamics with Labor Market Frictions," 2012 Meeting Papers 875, Society for Economic Dynamics.
    5. Arnaud Chéron & Jean-Olivier Hairault & François Langot, 2011. "Age-Dependent Employment Protection," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00623282, HAL.
    6. Balleer, Almut & Gehrke, Britta & Lechthaler, Wolfgang & Merkl, Christian, 2013. "Does Short-Time Work Save Jobs? A Business Cycle Analysis," IZA Discussion Papers 7475, Institute of Labor Economics (IZA).
    7. Lei Fang & Jun Nie, 2014. "Human capital dynamics and the U.S. labor market," Research Working Paper RWP 13-10, Federal Reserve Bank of Kansas City.
    8. Étienne Lalé, 2022. "Search and Multiple Jobholding," CIRANO Working Papers 2022s-28, CIRANO.
    9. Finkelstein-Shapiro, Alan & Sarzosa, Miguel, 2012. "Unemployement Protection for Informal Workers in Latin America and the Caribbean," IDB Publications (Working Papers) 4542, Inter-American Development Bank.
    10. Isaac Baley & Lars Ljunqvist & Thomas Sargent, 2023. "Cross-Phenomenon Restrictions: Unemployment Effects of Layoff Costs and Quit Turbulence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 43-60, October.
    11. Krause, Michael U. & Uhlig, Harald, 2012. "Transitions in the German labor market: Structure and crisis," Journal of Monetary Economics, Elsevier, vol. 59(1), pages 64-79.
    12. Ansgar, Rannenberg, 2009. "Disinflation and the NAIRU in a New-Keynesian New-Growth Model (Extended Version)," MPRA Paper 13610, University Library of Munich, Germany.
    13. Chen, Been-Lon & Lai, Chih-Fang, 2015. "Effects of labor taxes and unemployment compensation on labor supply in a search model with an endogenous labor force," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 300-317.
    14. Victor Ortego-Marti, 2014. "Unemployment History and Frictional Wage Dispersion," Working Papers 201402, University of California at Riverside, Department of Economics.
    15. Sagiri Kitao & Lars Ljungqvist & Thomas Sargent, 2017. "A Life-Cycle Model of Trans-Atlantic Employment Experiences," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 320-349, April.
    16. Sargent, Thomas & Ljungqvist, Lars, 2015. "The Fundamental Surplus in Matching Models," CEPR Discussion Papers 10489, C.E.P.R. Discussion Papers.
    17. Álvaro A. Novo & André C. Silva, 2017. "Can a search model predict the effects of an increase in the benefit duration? Evidence from the Portuguese unemployment insurance reform," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 6(1), pages 1-14, December.
    18. Etienne Lalé, 2015. "Turbulence and the Employment Experience of Older Workers," Bristol Economics Discussion Papers 15/652, School of Economics, University of Bristol, UK, revised 13 Jul 2016.
    19. Carlos Miguel Silva & Ana Paula Ribeiro, 2011. "The Impacts of Structural Changes in the Labor Market: a Comparative Statics Analysis Using Heterogeneous-agent Framework," CEF.UP Working Papers 1104, Universidade do Porto, Faculdade de Economia do Porto.
    20. Chen, Been-Lon & Hsu, Mei & Lai, Chih-Fang, 2016. "Relation between growth and unemployment in a model with labor-force participation and adverse labor institutions," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 273-292.
    21. Arnaud Cheron & Anthony Terriau, 2015. "Search frictions and (in)efficient vocational training over the life-cycle," TEPP Working Paper 2015-09, TEPP.
    22. Cheng, Gong, 2015. "A Growth Perspective On Foreign Reserve Accumulation," Macroeconomic Dynamics, Cambridge University Press, vol. 19(6), pages 1358-1379, September.
    23. Virginia Sánchez-Marcos & Francesc Obiols-Homs, 2022. "Labor Force Participation, Wages and Turbulence," Working Papers 1347, Barcelona School of Economics.
    24. Mathieu Taschereau-Dumouchel & Edouard Schaal, 2010. "Optimal Policy in a Labor Market with Adverse Selection," 2010 Meeting Papers 1070, Society for Economic Dynamics.
    25. Balleer, Almut & Duernecker, Georg & Forstner, Susanne & Goensch, Johannes, 2024. "Wage bargaining and labor market policy with biased expectations," Ruhr Economic Papers 1069, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    26. Leung, Charles Ka Yui & Tang, Edward Chi Ho, 2014. "Availability, Affordability and Volatility: the case of Hong Kong Housing Market," MPRA Paper 58770, University Library of Munich, Germany.
    27. Daniel Fehrle & Vasilij Konysev, 2025. "A “Marginal” Tale of Two Germanies: Accounting for the Systemic Divide," Discussion Paper Series 347, Universitaet Augsburg, Institute for Economics.
    28. Ruy Lama & Gustavo Leyva & Carlos Urrutia, 2022. "Labor Market Policies and Business Cycles in Emerging Economies," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(2), pages 300-337, June.
    29. Leung, Ron & Stampini, Marco & Vencatachellum, Désiré, 2009. "Does Human Capital Protect Workers against Exogenous Shocks? South Africa in the 2008-2009 Crisis," IZA Discussion Papers 4608, Institute of Labor Economics (IZA).
    30. Georg Duernecker, 2008. "Technology Adoption, Turbulence and the Dynamics of Unemployment," Economics Working Papers ECO2008/10, European University Institute.
    31. Jun Nie, 2010. "Training or search? evidence and an equilibrium model," Research Working Paper RWP 10-03, Federal Reserve Bank of Kansas City.
    32. Ekkehard Ernst & Uma Rani, 2011. "Understanding unemployment flows," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 27(2), pages 268-294.
    33. Eguchi, Kyota, 2014. "Employment protection and incentives: Severance pay vs. procedural inconvenience," Journal of the Japanese and International Economies, Elsevier, vol. 34(C), pages 272-290.
    34. Chéron, Arnaud & Terriau, Anthony, 2018. "Life cycle training and equilibrium unemployment," Labour Economics, Elsevier, vol. 50(C), pages 32-44.
    35. Lien Laureys, 2014. "The Cost of Human Capital Depreciation during Unemployment," Discussion Papers 1420, Centre for Macroeconomics (CFM).
    36. Victor Ortego-Marti, 2014. "The Cyclical Behavior of Unemployment and Vacancies with Loss of Skills during Unemployment," Working Papers 201416, University of California at Riverside, Department of Economics.
    37. Lien Laureys, 2014. "Optimal Monetary Policy in the Presence of Human Capital Depreciation during Unemployment," Discussion Papers 1415, Centre for Macroeconomics (CFM).
    38. Josep Pijoan-Mas & Pau Roldan-Blanco, 2025. "Dual Labor Markets and the Equilibrium Distribution of Firms," Working Papers wp2025_2530, CEMFI.
    39. Ortego-Marti, Victor, 2017. "Loss of skill during unemployment and TFP differences across countries," European Economic Review, Elsevier, vol. 100(C), pages 215-235.
    40. Rannenberg, Ansgar, 2008. "Disinflation and the NAIRU in a New-Keynesian New-Growth Model," MPRA Paper 9753, University Library of Munich, Germany.
    41. Ronald Leung & Marco Stampini & Desire Vencatachellum, 2014. "Does Human Capital Protect Workers against Exogenous Shocks? Evidence from Panel Data on South Africa during the 2008-2009 Crisis," South African Journal of Economics, Economic Society of South Africa, vol. 82(1), pages 99-116, March.
    42. Etienne Lalé, 2014. "Labor-market Frictions, Incomplete Insurance and Severance Payments," Bristol Economics Discussion Papers 14/648, School of Economics, University of Bristol, UK, revised 16 Aug 2016.
    43. Jun Nie & Ethan Struby, 2011. "Would active labor market policies help combat high U.S. unemployment?," Economic Review, Federal Reserve Bank of Kansas City, vol. 96(Q III), pages 35-69.
    44. Ljungqvist, Lars & Sargent, Thomas J., 2007. "Understanding European unemployment with a representative family model," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2180-2204, November.
    45. Rogerson, Richard & Shimer, Robert, 2011. "Search in Macroeconomic Models of the Labor Market," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 7, pages Pages: 61, Elsevier.
    46. Wouter Denhaan, 2007. "Shocks and the Unavoidable Road to Higher Taxes and Higher Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(3), pages 348-366, July.

  13. Lars Ljungqvist & Thomas J. Sargent, 2004. "European Unemployment and Turbulence Revisited in a Matching Model," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 456-468, 04/05.
    See citations under working paper version above.
  14. Lars Ljungqvist, 2002. "How Do Lay--off Costs Affect Employment?," Economic Journal, Royal Economic Society, vol. 112(482), pages 829-853, October.
    See citations under working paper version above.
  15. Harald Uhlig & Lars Ljungqvist, 2000. "Tax Policy and Aggregate Demand Management under Catching Up with the Joneses," American Economic Review, American Economic Association, vol. 90(3), pages 356-366, June.

    Cited by:

    1. Francisco Alvarez-Cuadrado & Ngo Van Long, 2009. "Envy And Inequality," Departmental Working Papers 2009-03, McGill University, Department of Economics.
    2. M. Fatih Guvenen, 2003. "A Parsimonious Macroeconomic Model for Asset Pricing: Habit Formation or Cross-sectional Heterogeneity?," RCER Working Papers 499, University of Rochester - Center for Economic Research (RCER).
    3. Riham Barbar & Jean-Paul Barinci, 2009. "Consumption Externalities, Heterogeneous Agents and Cycles," Documents de recherche 09-02, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    4. Juin‐Jen Chang & Jhy‐Hwa Chen & Jhy‐Yuan Shieh & Ching‐Chong Lai, 2009. "Optimal Tax Policy, Market Imperfections, and Environmental Externalities in a Dynamic Optimizing Macro Model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(4), pages 623-651, August.
    5. Michael Alexeev & Yao‐Yu Chih, 2015. "Social network structure and status competition," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 48(1), pages 64-82, February.
    6. Jaime Alonso-Carrera & Xavier Raurich & Jordi Caballé, 2015. "Welfare Implications of the Interaction between Habits and Consumption Externalities," Working Papers 125, Barcelona School of Economics.
    7. Chia-hui Lu, 2020. "Labor participation externalities and unemployment," Economics Bulletin, AccessEcon, vol. 40(2), pages 1002-1010.
    8. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2019. "The fight-or-flight response to the Joneses and inequality," ISU General Staff Papers 201904010700001060, Iowa State University, Department of Economics.
    9. Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "The Relative Income Hypothesis," CIRANO Working Papers 2008s-18, CIRANO.
    10. Emmanuelle Augeraud-Veron & Mauro Bambi, 2012. "Does habit formation always increase the agents' desire to smooth consumption?," Discussion Papers 12/12, Department of Economics, University of York.
    11. Thomas D. Tallarini & Harold H. Zhang, 2005. "External habit and the cyclicality of expected stock returns," Finance and Economics Discussion Series 2005-27, Board of Governors of the Federal Reserve System (U.S.).
    12. Johansson-Stenman, Olof & Sterner, Thomas, 2013. "Discounting and Relative Consumption," Working Papers in Economics 559, University of Gothenburg, Department of Economics.
    13. Jacob L. Vigdor, 2006. "Fifty Million Voters Can't Be Wrong: Economic Self-Interest and Redistributive Politics," NBER Working Papers 12371, National Bureau of Economic Research, Inc.
    14. Kazuo MIno & Yasuhiro Nakamoto, 2015. "Heterogeneous Conformism and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 928, Kyoto University, Institute of Economic Research.
    15. Goerke, Laszlo & Neugart, Michael, 2017. "Social comparisons in oligopsony," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168095, Verein für Socialpolitik / German Economic Association.
    16. Djankov, Simeon & Nikolova, Elena & Zilinsky, Jan, 2016. "The happiness gap in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 44(1), pages 108-124.
    17. Akay, Alpaslan & Martinsson, Peter, 2012. "Positional Concerns through the Life Cycle: Evidence from Subjective Well-Being Data and Survey Experiments," IZA Discussion Papers 6342, Institute of Labor Economics (IZA).
    18. Pierdzioch, Christian & Yener, Serkan, 2004. "On the Hump-Shaped Output Effect of Monetary Policy in an Open Economy," Kiel Working Papers 1214, Kiel Institute for the World Economy (IfW Kiel).
    19. Luca Corazzini, Lucio Esposito, Francesca Majorano., 2010. "Reign in Hell or Serve in Heaven? A Cross-country Journey into the Relative vs Absolute Perceptions of Wellbeing," ISLA Working Papers 36, ISLA, Centre for research on Latin American Studies and Transition Economies, Universita' Bocconi, Milano, Italy.
    20. Aronsson, Thomas & Johansson-Stenman, Olof, 2023. "Optimal Taxation and Other-Regarding Preferences," Umeå Economic Studies 1016, Umeå University, Department of Economics.
    21. Yao-Yu Chih, 2018. "Status competition and benevolence in social networks," Oxford Economic Papers, Oxford University Press, vol. 70(1), pages 141-162.
    22. Fisher, Walter H. & Heijdra, Ben J., 2007. "Keeping up with the Ageing Joneses," Economics Series 204, Institute for Advanced Studies.
    23. Kirill Borissov & Andrei Kalk, 2024. "Social security, bequests, and social comparisons," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 26(3), June.
    24. Larbi Alaoui & Alvaro Sandroni, 2013. "Predestination and the Protestant ethic," Economics Working Papers 1350, Department of Economics and Business, Universitat Pompeu Fabra.
    25. Laszlo Goerke, 2013. "Relative Consumption and Tax Evasion," IAAEU Discussion Papers 201301, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    26. Thomas Aronsson & Olof Johansson-Stenman & Ronald Wendner, 2019. "Charity, Status, and Optimal Taxation: Welfarist and Paternalist Approaches," Graz Economics Papers 2019-04, University of Graz, Department of Economics.
    27. Pierdzioch, Christian, 2003. "Keeping Up with the Joneses: Implications for the Welfare Effects of Monetary Policy in Open Economies," Kiel Working Papers 1166, Kiel Institute for the World Economy (IfW Kiel).
    28. Marcet, Albert & Scott, Andrew & Faraglia, Elisa, 2008. "In Search of a Theory of Debt Management," CEPR Discussion Papers 6859, C.E.P.R. Discussion Papers.
    29. Alpizar, Francisco & Carlsson, Fredrik & Johansson-Stenman, Olof, 2001. "How Much Do We Care About Absolute Versus Relative Income and Consumption?," Working Papers in Economics 63, University of Gothenburg, Department of Economics.
    30. Moore, Michael J. & Roche, Maurice J., 2002. "Less of a puzzle: a new look at the forward forex market," Journal of International Economics, Elsevier, vol. 58(2), pages 387-411, December.
    31. Jordi Caballé & Ana I. Moro Egido, 2008. "The Effect of Aspirations, Habits, and Social Security on the Distribution of Wealth," ThE Papers 08/02, Department of Economic Theory and Economic History of the University of Granada..
    32. Thomas Aronsson & Olof Johansson-Stenman, 2024. "Optimal Taxation and Other-Regarding Preferences," Graz Economics Papers 2024-22, University of Graz, Department of Economics.
    33. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "Paternalism against Veblen: Optimal Taxation and Non-Respected Preferences for Social Comparisons," Working Papers in Economics 606, University of Gothenburg, Department of Economics.
    34. Chugh, Sanjay K., 2008. "Relative consumption benchmarks," Economics Letters, Elsevier, vol. 100(2), pages 204-207, August.
    35. Guillermo Alves & Martín Leites & Gonzalo Salas, 2022. "See it to believe it. Experimental evidence on status good consumption among the youth," Documentos de Trabajo (working papers) 22-12, Instituto de Economía - IECON.
    36. Chen, Shu-Heng & Gostoli, Umberto, 2013. "Coordination in the El Farol Bar problem: The role of social preferences and social networks," Economics Discussion Papers 2013-20, Kiel Institute for the World Economy (IfW Kiel).
    37. Junko Doi & Kazuo Mino, 2006. "A Variety-Expansion Model of Growth with External Habit Formation," Discussion Papers in Economics and Business 06-07, Osaka University, Graduate School of Economics.
    38. Camille Cornand & Frank Heinemann, 2019. "Experiments in macroeconomics: methods and applications," Post-Print halshs-01809937, HAL.
    39. Aronsson, Thomas & Johansson-Stenman, Olof & Wendner, Ronald, 2016. "Redistribution through Charity and Optimal Taxation when People are Concerned with Social Status," Working Papers in Economics 642, University of Gothenburg, Department of Economics.
    40. Andrew E. Clark & Conchita d'Ambrosio, 2014. "Attitudes to Income Inequality: Experimental and Survey Evidence," PSE Working Papers halshs-00967938, HAL.
    41. Aronsson, Thomas & Johansson-Stenman, Olof, 2016. "Inequality Aversion and Marginal Income Taxation," Umeå Economic Studies 939, Umeå University, Department of Economics.
    42. Jaime Alonso-Carrera & Xavier Raurich & Jordi Caballé, 2015. "Aspirations, Habit Formation, and Bequest Motive," Working Papers 136, Barcelona School of Economics.
    43. Di, Wenhua & Su, Yichen, 2024. "Conspicuous consumption: Vehicle purchases by non-prime consumers," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 895-914.
    44. Giacomo De Giorgi & Anders Frederiksen & Luigi Pistaferri, 2016. "Consumption Network Effects," NBER Working Papers 22357, National Bureau of Economic Research, Inc.
    45. Bramoullé, Y. & Ghiglino, C., 2024. "Status Consumption in Networks: A Reference Dependent Approach," Cambridge Working Papers in Economics 2414, Faculty of Economics, University of Cambridge.
    46. Oege Dijk, 2017. "For whom does social comparison induce risk-taking?," Theory and Decision, Springer, vol. 82(4), pages 519-541, April.
    47. Prettner, Klaus & Hof, Franz, 2016. "The Quest for Status and R&D-based Growth," VfS Annual Conference 2016 (Augsburg): Demographic Change 145554, Verein für Socialpolitik / German Economic Association.
    48. Kearney, Ide & McCoy, Daniel & Duffy, David & McMahon, Michael & Smyth, Diarmaid, 2000. "Assessing the Stance of Irish Fiscal Policy," Papers BP2001/1, Economic and Social Research Institute (ESRI).
    49. Aronsson, Thomas & Johansson-Stenman, Olof, 2008. "Positional Concerns with Multiple Reference Points: Optimal Income Taxation and Public Goods in an OLG Model," Working Papers in Economics 304, University of Gothenburg, Department of Economics.
    50. Conchita D’Ambrosio & Joachim R. Frick, 2007. "Individual Well-Being in a Dynamic Perspective," Working Papers 64, ECINEQ, Society for the Study of Economic Inequality.
    51. Eckerstorfer, Paul & Wendner, Ronald, 2013. "Asymmetric and non-atmospheric consumption externalities, and efficient consumption taxation," Journal of Public Economics, Elsevier, vol. 106(C), pages 42-56.
    52. Steinar Holden, 2012. "Implications of insights from behavioral economics for macroeconomic models," IMK Working Paper 99-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    53. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "State-variable public goods and social comparisons," Journal of Environmental Economics and Management, Elsevier, vol. 68(2), pages 390-410.
    54. Jürgen Maurer & André Meier, 2008. "Smooth it Like the ‘Joneses’? Estimating Peer‐Group Effects in Intertemporal Consumption Choice," Economic Journal, Royal Economic Society, vol. 118(527), pages 454-476, March.
    55. Lloyd-Braga, Teresa & Modesto, Leonor, 2012. "Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?," IZA Discussion Papers 6876, Institute of Labor Economics (IZA).
    56. Akpalu, Wisdom & Eggert, Håkan & Adanu, Kwami, 2024. "Context, welfare sensitivity, and positional preferences among fisherfolks in a developing country," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 108(C).
    57. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2018. "The Fight-or-Flight Response to the Joneses and Income Inequality," ISU General Staff Papers 201812120800001060, Iowa State University, Department of Economics.
    58. Zhenhua Feng & Jaimie W. Lien & Jie Zheng, 2018. "Keeping up with the Neighbors: Social Interaction in a Production Economy," Mathematics, MDPI, vol. 6(9), pages 1-14, September.
    59. Haim Levy, 2020. "The Investment Home Bias with Peer Effect," JRFM, MDPI, vol. 13(5), pages 1-19, May.
    60. Francisco Alvarez-Cuadrado & Jose Maria Casado & Jose Maria Labeaga, 2016. "Envy and Habits: Panel Data Estimates of Interdependent Preferences," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(4), pages 443-469, August.
    61. Kazuo Mino, 2008. "Growth And Bubbles With Consumption Externalities," The Japanese Economic Review, Japanese Economic Association, vol. 59(1), pages 33-53, March.
    62. Thomas Seegmuller & Leonor Modesto & Teresa Lloyd-Braga, 2008. "Market Imperfections and Endogenous Fluctuations," 2008 Meeting Papers 739, Society for Economic Dynamics.
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  18. Lars Ljungqvist & Thomas J. Sargent, 1996. "A supply-side explanation of European unemployment," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 20(Sep), pages 2-15.

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    1. Alberto Alesina & Michele Battisti & Joseph Zeira, 2018. "Technology and labor regulations: theory and evidence," Journal of Economic Growth, Springer, vol. 23(1), pages 41-78, March.
    2. Lee, Jim, 2000. "The Robustness of Okun's Law: Evidence from OECD Countries," Journal of Macroeconomics, Elsevier, vol. 22(2), pages 331-356, April.
    3. Aloys Prinz, 2004. "Reform der Arbeitsmarktpolitik: Alter Wein in neuen Schläuchen?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(3), pages 313-332, August.
    4. Pierre St-Amant & David Tessier, 1998. "Tendance des dépenses publiques et de l'inflation et évolution comparative du taux de chômage au Canada et aux États-Unis," Staff Working Papers 98-3, Bank of Canada.
    5. World Bank, 2005. "Colombia : Country Economic Memorandum, The Foundations for Competitiveness," World Bank Publications - Reports 8807, The World Bank Group.
    6. Roobavannan, M. & Kandasamy, J. & Pande, S. & Vigneswaran, S. & Sivapalan, M., 2017. "Allocating Environmental Water and Impact on Basin Unemployment: Role of A Diversified Economy," Ecological Economics, Elsevier, vol. 136(C), pages 178-188.

  19. Ljungqvist, Lars, 1995. "Wage structure as implicit insurance on human capital in developed versus underdeveloped countries," Journal of Development Economics, Elsevier, vol. 46(1), pages 35-50, February.

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    1. Akyol, Ahmet & Athreya, Kartik, 2005. "Risky higher education and subsidies," Journal of Economic Dynamics and Control, Elsevier, vol. 29(6), pages 979-1023, June.
    2. Raghbendra Jha & Anandi P. Sahu, 1997. "Tax policy and Human Capital Accumulation in a Ressource-Constrained Growing Dual Economy," Public Finance Review, , vol. 25(1), pages 58-82, January.
    3. James A Kahn & Jong-Soo Lim, 2001. "Finite Horizons, Political Economy, and Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 1-25, January.
    4. Bertola, Giuseppe, 2000. "Macroeconomics of distribution and growth," Handbook of Income Distribution, in: A.B. Atkinson & F. Bourguignon (ed.), Handbook of Income Distribution, edition 1, volume 1, chapter 9, pages 477-540, Elsevier.
    5. Taschowsky, Peter, 2000. "Soziale Sicherheit und Wachstum," Hannover Economic Papers (HEP) dp-237, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.

  20. Ljungqvist, Lars & Sargent, Thomas J., 1995. "The Swedish unemployment experience," European Economic Review, Elsevier, vol. 39(5), pages 1043-1070, May.
    See citations under working paper version above.
  21. Ljungqvist, Lars & Sargent, Thomas J, 1995. "Welfare States and Unemployment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 143-160, June.

    Cited by:

    1. Young, Eric R., 2004. "Unemployment insurance and capital accumulation," Journal of Monetary Economics, Elsevier, vol. 51(8), pages 1683-1710, November.
    2. Manning, Alan, 2000. "Labour supply, search and taxes," LSE Research Online Documents on Economics 20202, London School of Economics and Political Science, LSE Library.
    3. Dai, Min & Keppo, Jussi & Maull, Tim, 2015. "Hiring, firing, and relocation under employment protection," Journal of Economic Dynamics and Control, Elsevier, vol. 56(C), pages 55-81.
    4. Sorensen, Peter Birch, 1999. "Optimal tax progressivity in imperfect labour markets," Labour Economics, Elsevier, vol. 6(3), pages 435-452, September.
    5. Zoutman, Floris T. & Jacobs, Bas, 2016. "Optimal redistribution and monitoring of labor supply," Journal of Public Economics, Elsevier, vol. 135(C), pages 15-31.
    6. Alexis, PARMENTIER, 2006. "The effects of the marginal tax rate in a matching model with endogenous labor supply," Discussion Papers (ECON - Département des Sciences Economiques) 2006011, Université catholique de Louvain, Département des Sciences Economiques.
    7. Lars Ljungqvist & Thomas J. Sargent, 1998. "The European Unemployment Dilemma," Journal of Political Economy, University of Chicago Press, vol. 106(3), pages 514-550, June.
    8. David Domeij, 2005. "Optimal Capital Taxation and Labor Market Search," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(3), pages 623-650, July.
    9. Andrea Asoni & Tino Sanandaji, 2014. "Taxation and the quality of entrepreneurship," Journal of Economics, Springer, vol. 113(2), pages 101-123, October.
    10. Ljungqvist, Lars & Sargent, Thomas J., 1995. "The Swedish unemployment experience," European Economic Review, Elsevier, vol. 39(5), pages 1043-1070, May.
    11. Ding, Hong, 2012. "Unemployment and Welfare State: What do the Data Tell Us?," MPRA Paper 41921, University Library of Munich, Germany.
    12. Krueger, Alan B. & Mueller, Andreas I., 2008. "The Lot of the Unemployed: A Time Use Perspective," IZA Discussion Papers 3490, Institute of Labor Economics (IZA).
    13. Krueger, Alan B. & Mueller, Andreas I., 2008. "Job Search and Unemployment Insurance: New Evidence from Time Use Data," IZA Discussion Papers 3667, Institute of Labor Economics (IZA).
    14. McDonald, Bruce D. & Miller, D. Ryan, 2010. "Welfare programs and the state economy," Journal of Policy Modeling, Elsevier, vol. 32(6), pages 719-732, November.
    15. Lindbeck, Assar, 1997. "Incentives in the Welfare State," Seminar Papers 604, Stockholm University, Institute for International Economic Studies.
    16. Sargent, Thomas & Ljungqvist, Lars, 2002. "The European Employment Experience," CEPR Discussion Papers 3543, C.E.P.R. Discussion Papers.

  22. Ljungqvist, Lars, 1994. "Hysteresis in international trade: a general equilibrium analysis," Journal of International Money and Finance, Elsevier, vol. 13(4), pages 387-399, August.

    Cited by:

    1. Matthias Göcke & Laura Werner, 2015. "Play Hysteresis in Supply or in Demand as Part of a Market Model," Metroeconomica, Wiley Blackwell, vol. 66(2), pages 339-374, May.
    2. Krapl, Alain A., 2017. "Asymmetric foreign exchange cash flow exposure: A firm-level analysis," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 48-72.
    3. Koutmos, Gregory & Martin, Anna D., 2003. "Asymmetric exchange rate exposure: theory and evidence," Journal of International Money and Finance, Elsevier, vol. 22(3), pages 365-383, June.
    4. Dranev Yury & Maxim Babushkin, 2014. "Asymmetric exchange-rate exposure in BRIC countries," HSE Working papers WP BRP 27/FE/2014, National Research University Higher School of Economics.
    5. Sofia Castro & João Correia-da-Silva, 2005. "Past expectations as a determinant of equilibrium prices - hysteresis in a simple economy," FEP Working Papers 185, Universidade do Porto, Faculdade de Economia do Porto.
    6. Sérgio Kannebley Júnior & João Paulo Martins Baroni & Diogo de Prince, 2015. "Macro-Hysteresis Test for Brazilian Exports of Manufactured Products: A threshold Panel Approach," Metroeconomica, Wiley Blackwell, vol. 66(4), pages 606-637, November.
    7. Göcke, Matthias, 2012. "Play-hysteresis in supply as part of a market model," Discussion Papers 61, Justus Liebig University Giessen, Center for international Development and Environmental Research (ZEU).
    8. Bozhechkova, Alexandra (Божечкова, Александра) & Ivanov, Evgeny (Иванов, Евгений) & Orekhov, Mikhail (Орехов, Михаил) & Trunin, Pavel (Трунин, Павел) & Chembulatova, Maria (Чембулатова, Мария) & Yakov, 2021. "Analysis of the Behavior of Banks and Companies in the Conditions of Exchange Volatility in Russia [Анализ Поведения Банков И Компаний В Условиях Курсовой Волатильности В России]," Working Papers w20220176, Russian Presidential Academy of National Economy and Public Administration.
    9. Fang, WenShwo & Lai, YiHao & Miller, Stephen M., 2009. "Does exchange rate risk affect exports asymmetrically? Asian evidence," Journal of International Money and Finance, Elsevier, vol. 28(2), pages 215-239, March.
    10. Andrikopoulos, Athanasios & Dassiou, Xeni & Zheng, Min, 2020. "Exchange-rate exposure and Brexit: The case of FTSE, DAX and IBEX," International Review of Financial Analysis, Elsevier, vol. 68(C).

  23. Ljungqvist Lars, 1994. "Asymmetric Information: A Rationale for Corporate Speculation," Journal of Financial Intermediation, Elsevier, vol. 3(2), pages 188-203, March.

    Cited by:

    1. Huang, Jialin & Luo, Yu & Peng, Yuchao, 2021. "Corporate financial asset holdings under economic policy uncertainty: Precautionary saving or speculating?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 1359-1378.
    2. Ugur Lel, 2006. "Currency hedging and corporate governance: a cross-country analysis," International Finance Discussion Papers 858, Board of Governors of the Federal Reserve System (U.S.).
    3. Monda, Barbara & Giorgino, Marco & Modolin, Ileana, 2013. "Rationales for Corporate Risk Management - A Critical Literature Review," MPRA Paper 45420, University Library of Munich, Germany.
    4. Dodd, Randall & Griffith-Jones, Stephany, 2007. "Brazil's derivatives markets: hedging, Central Bank intervention and regulation," Series Históricas 8868, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Fernando Nascimento de Oliveira, 2025. "The Determinant Factors of Hedging and Speculation with Foreign Exchange Derivatives of Brazilian Private Firms," Working Papers Series 620, Central Bank of Brazil, Research Department.
    6. David Downie & Ed Nosal, 2001. "A strategic approach to hedging and contracting," Working Papers (Old Series) 0119, Federal Reserve Bank of Cleveland.
    7. Fauver, Larry & Naranjo, Andy, 2010. "Derivative usage and firm value: The influence of agency costs and monitoring problems," Journal of Corporate Finance, Elsevier, vol. 16(5), pages 719-735, December.
    8. Antoniou, Antonios & Zhao, Huainan & Zhou, Bilei, 2009. "Corporate debt issues and interest rate risk management: Hedging or market timing?," Journal of Financial Markets, Elsevier, vol. 12(3), pages 500-520, August.
    9. Dan Bernhardt & Ed Nosal, 2013. "Gambling for Dollars: Strategic Hedge Fund Manager Investment," Working Paper Series WP-2013-23, Federal Reserve Bank of Chicago.
    10. Cheng, Lingsha & Cheung, Adrian (Waikong), 2021. "Is there a dark side of managerial ability? Evidence from the use of derivatives and firm risk in China," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(2).
    11. Nandy, Debarshi K., 2010. "Why do firms denominate bank loans in foreign currencies? Empirical evidence from Canada and U.K," Journal of Economics and Business, Elsevier, vol. 62(6), pages 577-603, November.
    12. Geczy, Christopher C. & Minton, Bernadette & Schrand, Catherine, 2004. "Taking a View: Corporate Speculation, Governance and Compensation," Working Paper Series 2004-11, Ohio State University, Charles A. Dice Center for Research in Financial Economics.

  24. Ljungqvist, Lars, 1993. "Economic underdevelopment : The case of a missing market for human capital," Journal of Development Economics, Elsevier, vol. 40(2), pages 219-239, April.
    See citations under working paper version above.
  25. Christiano, Lawrence J. & Ljungqvist, Lars, 1988. "Money does Granger-cause output in the bivariate money-output relation," Journal of Monetary Economics, Elsevier, vol. 22(2), pages 217-235, September.

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    1. Norman R. Swanson & Nii Ayi Armah, 2011. "Predictive Inference Under Model Misspecification with an Application to Assessing the Marginal Predictive Content of Money for Output," Departmental Working Papers 201103, Rutgers University, Department of Economics.
    2. Ahmed, Habib, 1998. "Responses in output to monetary shocks and the interest rate: a rational expectations model with working capital," Economics Letters, Elsevier, vol. 61(3), pages 351-358, December.
    3. Campbell, John & Perron, Pierre, 1991. "Pitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots," Scholarly Articles 3374863, Harvard University Department of Economics.
    4. Shu-Ping Shi & Stan Hurn & Peter C. B. Phillips, 2016. "Causal Change Detection in Possibly Integrated Systems: Revisiting the Money-Income Relationship," Cowles Foundation Discussion Papers 2059, Cowles Foundation for Research in Economics, Yale University.
    5. Lawrence J. Christiano & Martin S. Eichenbaum & Robert J. Vigfusson, 2003. "What happens after a technology shock?," International Finance Discussion Papers 768, Board of Governors of the Federal Reserve System (U.S.).
    6. Wang, Xia & Zheng, Tingguo & Zhu, Yanli, 2014. "Money–output Granger causal dynamics in China," Economic Modelling, Elsevier, vol. 43(C), pages 192-200.
    7. Caraiani, Petre, 2016. "Money and output causality: A structural approach," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 220-236.
    8. Berger, Helge & Österholm, Pär, 2009. "Does money still matter for U.S. output?," Economics Letters, Elsevier, vol. 102(3), pages 143-146, March.
    9. Phillip Rothman & Dick van Dijk & Philip Hans Franses, 2000. "A Multivariate STAR Analysis of the Relationship Between Money and Output," Working Papers 0012, East Carolina University, Department of Economics.
    10. Ramesh Mohan, 2006. "Causal Relationship Between Savings And Economic Growth In Countries With Different Income Levels," Economics Bulletin, AccessEcon, vol. 5(3), pages 1-12.
    11. Petre Caraiani, 2014. "Do money and financial variables help forecasting output in emerging European Economies?," Empirical Economics, Springer, vol. 46(2), pages 743-763, March.
    12. Gerald R. Jensen & Jeffrey M. Mercer, 2003. "New Evidence on Optimal Asset Allocation," The Financial Review, Eastern Finance Association, vol. 38(3), pages 435-454, August.
    13. Roberto Orro Fernández, 2001. "Economic and Political Liberalization in Former Socialist Countries: Implications for Cuba," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 11.
    14. Jorge Guillén, 2009. "A lesson to learn from developed countries: The Case of State Branching Deregulation in the US," Estudios de Economia, University of Chile, Department of Economics, vol. 36(1 Year 20), pages 67-95, June.
    15. Qureshi, Irfan, 2018. "Money Aggregates and Determinacy : A Reinterpretation of Monetary Policy During the Great Inflation," The Warwick Economics Research Paper Series (TWERPS) 1156, University of Warwick, Department of Economics.
    16. Hassan Khodavaisi, 2025. "Output, Money and Interest Rate in the United States: New Evidence Based on Wavelet Analysis," Computational Economics, Springer;Society for Computational Economics, vol. 66(2), pages 1571-1601, August.
    17. Sophia Dimelis, 1997. "Cyclical and causal relations between real wages and employment in the EU," Applied Economics, Taylor & Francis Journals, vol. 29(3), pages 311-324.
    18. David A. Becher & Gerald R. Jensen & Jeffrey M. Mercer, 2008. "Monetary Policy Indicators As Predictors Of Stock Returns," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 31(4), pages 357-379, December.
    19. Starr, Martha A., 2005. "Does money matter in the CIS? Effects of monetary policy on output and prices," Journal of Comparative Economics, Elsevier, vol. 33(3), pages 441-461, September.
    20. Warne, Anders & Droumaguet, Matthieu & Woźniak, Tomasz, 2015. "Granger causality and regime inference in Bayesian Markov-Switching VARs," Working Paper Series 1794, European Central Bank.
    21. Ghazanchyan, Manuk, 2014. "Unraveling the Monetary Policy Transmission Mechanism in Sri Lanka," MPRA Paper 59444, University Library of Munich, Germany.
    22. Maganya, Mnaku H. & Ndanshau, Michael O. A., . "Money and Output in Tanzania: A Test for Causality," African Journal of Economic Review, African Journal of Economic Review, vol. 8(2).
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    26. Mihai Mutascu & Alexandre Sokic, 2023. "An extended wavelet approach of the money–output link in the United States," Empirical Economics, Springer, vol. 64(4), pages 1647-1665, April.
    27. Paul, Sunil & Ramachandran, M., 2011. "Currency equivalent monetary aggregates as leading indicators of inflation," Economic Modelling, Elsevier, vol. 28(4), pages 2041-2048, July.
    28. Victor Pontines & Davaajargal Luvsannyam & Gerelmaa Bayarmagnai, 2025. "Money-Output Revisited: Time-Varying Granger Causality Evidence from Forty-Three Countries," Open Economies Review, Springer, vol. 36(2), pages 467-502, April.
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    33. Patrick Villieu & Taoufik Rajhi, 1993. "Accélération monétaire et croissance endogène," Revue Économique, Programme National Persée, vol. 44(2), pages 257-286.
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    36. Kenneth D. West, 1993. "An Aggregate Demand–Aggregate Supply Analysis of Japanese Monetary Policy, 1973–1990," NBER Chapters, in: Japanese Monetary Policy, pages 160-188, National Bureau of Economic Research, Inc.
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    40. Choi, Jae-Young & Ratti, Ronald A., 2000. "The Predictive Power of Alternative Indicators of Monetary Policy," Journal of Macroeconomics, Elsevier, vol. 22(4), pages 581-610, October.
    41. Steven Ongena, 1995. "Monetary policy and credit conditions: new evidence," Macroeconomics 9503001, University Library of Munich, Germany.
    42. Thomas W. Gilligan & Subrata Sarkar, 1998. "Statistical Causality and Strategic Behavior in Industrial Markets," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 7(2), pages 183-208, June.
    43. Bahram Adrangi & Arjun Chatrath & Joseph Macri & Kambiz Raffiee, 2016. "The US Monetary Base and Major World Equity Markets: An Empirical Investigation," Review of Economics & Finance, Better Advances Press, Canada, vol. 6, pages 49-64, August.
    44. Masahiro Fukuhara & Yasufumi Saruwatari, 2007. "A Model Forecasting Risk for Emerging Market Currencies," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 14(4), pages 325-340, December.
    45. Aviral Kumar Tiwari & Olaolu Richard Olayeni & Reza Sherafatian-Jahromi & Olofin Sodik Adejonwo, 2019. "Output Gap, Money Growth and Interest Rate in Japan: Evidence from Wavelet Analysis," Arthaniti: Journal of Economic Theory and Practice, , vol. 18(2), pages 171-184, December.
    46. Fernando Barran & Virginie Coudert & Benoît Mojon, 1995. "Interest Rates, Banking Spreads and Credit Supply: The Real Effects," Working Papers 1995-01, CEPII research center.
    47. Serwa, Dobromił, 2007. "Larger crises cost more: impact of banking sector instability on output growth," MPRA Paper 5101, University Library of Munich, Germany.
    48. Tao Zha, 1996. "Identification, vector autoregression, and block recursion," FRB Atlanta Working Paper 96-8, Federal Reserve Bank of Atlanta.
    49. Olivier Habimana, 2019. "Wavelet Multiresolution Analysis of the Liquidity Effect and Monetary Neutrality," Computational Economics, Springer;Society for Computational Economics, vol. 53(1), pages 85-110, January.
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    51. Lawrence J. Christiano & Martin Eichenbaum, 1989. "Unit Roots in Real GNP: Do We Know, and Do We Care?," NBER Working Papers 3130, National Bureau of Economic Research, Inc.
    52. Jiang, Jiadan & Kim, David, 2013. "Exchange rate pass-through to inflation in China," Economic Modelling, Elsevier, vol. 33(C), pages 900-912.
    53. Keating, John W. & Smith, A. Lee, 2019. "The optimal monetary instrument and the (mis)use of causality tests," Journal of Financial Stability, Elsevier, vol. 42(C), pages 90-99.
    54. Favara, Giovanni & Giordani, Paolo, 2009. "Reconsidering the role of money for output, prices and interest rates," Journal of Monetary Economics, Elsevier, vol. 56(3), pages 419-430, April.
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  26. Ljungqvist, Lars & Park, Myungsoo & Stock, James H. & Watson, Mark W., 1988. "The convergence of multivariate unit root distributions to their asymptotic limits : The case of money-income causality," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 489-502.

    Cited by:

    1. Martin Feldstein & James H. Stock, 1993. "The Use of Monetary Aggregate to Target Nominal GDP," NBER Working Papers 4304, National Bureau of Economic Research, Inc.

Software components

  1. Sagiri Kitao & Lars Ljungqvist & Thomas Sargent, 2016. "Code and data files for "A Life-Cycle Model of Trans-Atlantic Employment Experiences"," Computer Codes 16-93, Review of Economic Dynamics.
    See citations under working paper version above.
  2. Lars Ljungqvist & Thomas Sargent, 1999. "Matlab code for Hopenhayn-Nicolini's optimal unemployment insurance model," QM&RBC Codes 18, Quantitative Macroeconomics & Real Business Cycles.

    Cited by:

    1. Rasmus Lentz & Torben Tranas, 2005. "Job Search and Savings: Wealth Effects and Duration Dependence," Journal of Labor Economics, University of Chicago Press, vol. 23(3), pages 467-490, July.
    2. Fabre, Alice & Pallage, Stéphane & Zimmermann, Christian, 2014. "Universal Basic Income versus Unemployment Insurance," IZA Discussion Papers 8667, Institute of Labor Economics (IZA).
    3. Noah Williams, 2004. "On Dynamic Principal-Agent Problems in Continuous Time," Levine's Bibliography 122247000000000426, UCLA Department of Economics.
    4. Lawrence Christiano & Mathias Trabandt & Karl Walentin, 2021. "Involuntary Unemployment and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 26-54, January.
    5. Kurt Mitman & Stanislav Rabinovich, 2011. "Pro-cyclical Unemployment Benefits? Optimal Policy in an Equilibrium Business Cycle Model," PIER Working Paper Archive 11-023, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    6. Andreas Pollak, 2004. "Optimal Unemployment Insurance with Variable Skill Levels," Labor and Demography 0409004, University Library of Munich, Germany.
    7. Frédéric Gannon & Vincent Touzé, 2007. "Insurance and Optimal Growth," Sciences Po Economics Publications (main) hal-00972774, HAL.
    8. Peter Fredriksson & Bertil Holmlund, 2003. "Optimal Unemployment Insurance Design: Time Limits, Monitoring, or Workfare?," CESifo Working Paper Series 1019, CESifo.
    9. Vargas Juliana Mesén & Linden Bruno Van der, 2019. "Why Cash Transfer Programs Can Both Stimulate and Slow Down Job Finding," IZA Journal of Labor Economics, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 8(1), pages 1-27, June.
    10. Carlos Medina & Jairo N��ez & Jorge Andr�s Tamayo, 2013. "The Unemployment Subsidy Program in Colombia: An Assessment," Borradores de Economia 10393, Banco de la Republica.
    11. Pontus Rendahl, 2012. "Asset‐Based Unemployment Insurance," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(3), pages 743-770, August.
    12. Young, Eric R., 2004. "Unemployment insurance and capital accumulation," Journal of Monetary Economics, Elsevier, vol. 51(8), pages 1683-1710, November.
    13. Stéphane Pallage & Lyle Scruggs & Christian Zimmermann, 2009. "Measuring Unemployment Insurance Generosity," Cahiers de recherche 0921, CIRPEE.
    14. Nicola Pavoni & Christopher Sleet & Matthias Messner, 2014. "The Dual Approach to Recursive Optimization: Theory and Examples," 2014 Meeting Papers 1267, Society for Economic Dynamics.
    15. Benjamin Hartung & Philip Jung & Moritz Kuhn, 2018. "What Hides Behind the German Labor Market Miracle? Unemployment Insurance Reforms and Labor Market Dynamics," CESifo Working Paper Series 7379, CESifo.
    16. Pisauro, Giuseppe, 2002. "The beneficial effects of generous unemployment benefits on profits and employment," European Journal of Political Economy, Elsevier, vol. 18(4), pages 739-760, November.
    17. Pissarides, Christopher, 2002. "Consumption and savings with unemployment risk: implications for optimal employment contracts," LSE Research Online Documents on Economics 2211, London School of Economics and Political Science, LSE Library.
    18. David L. Fuller & Marianna Kudlyak & Damba Lkhagvasuren, 2013. "Productivity insurance: the role of unemployment benefits in a multi-sector model," Working Paper 13-11, Federal Reserve Bank of Richmond.
    19. Tanzi, Vito, 2000. "The role of the State and the quality of the public sector," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34714, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    20. Moritz Kuhn & Sebastian Koehne, 2012. "Should unemployment insurance be asset-tested?," 2012 Meeting Papers 850, Society for Economic Dynamics.
    21. Lance Lochner & Alexander Monge-Naranjo, 2015. "Student Loans and Repayment: Theory, Evidence and Policy," Working Paper series 15-11, Rimini Centre for Economic Analysis.
    22. Christopher Phelan, 2003. "Opportunity and Social Mobility," Levine's Bibliography 666156000000000379, UCLA Department of Economics.
    23. Serdar Birinci & Kurt Gerrard See, 2018. "How Should Unemployment Insurance vary over the Business Cycle?," 2018 Meeting Papers 69, Society for Economic Dynamics.
    24. Andrey Launov & Klaus Wälde, 2013. "Estimating Incentive And Welfare Effects Of Nonstationary Unemployment Benefits," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(4), pages 1159-1198, November.
    25. Sebastien Menard, 2019. "The impact of benefit sanctions on equilibrium wage dispersion and job vacancies," TEPP Working Paper 2019-08, TEPP.
    26. Tom Krebs & Martin Scheffel, 2016. "Labor Market Institutions and the Cost of Recessions," CESifo Working Paper Series 6262, CESifo.
    27. Noah Williams & Rui Li, 2014. "Optimal Unemployment Insurance and Cyclical Fluctuations," 2014 Meeting Papers 804, Society for Economic Dynamics.
    28. Chetty, Raj, 2006. "A general formula for the optimal level of social insurance," Journal of Public Economics, Elsevier, vol. 90(10-11), pages 1879-1901, November.
    29. B. Dormont & D. Fougère & A. Prieto, 2001. "L'effet de l'allocation unique dégressive sur la reprise d'emploi," Thema Working Papers 2001-05, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.
    30. Manuel Santos & Juan Pablo Rincon-Zapatero, 2007. "Differentiability of the Value Function without Interiority Assumptions," Working Papers 0704, University of Miami, Department of Economics.
    31. Marius Clemens & Guillaume Claveres, 2017. "Unemployment Insurance Union," 2017 Meeting Papers 1340, Society for Economic Dynamics.
    32. Violante, Giovanni & Pavoni, Nicola, 2006. "Optimal Welfare-to-Work Programs," CEPR Discussion Papers 5937, C.E.P.R. Discussion Papers.
    33. Flórez, Luz A., 2017. "Informal sector under saving: A positive analysis of labour market policies," Labour Economics, Elsevier, vol. 44(C), pages 13-26.
    34. Cahuc, Pierre, 2014. "Search, flows, job creations and destructions," Labour Economics, Elsevier, vol. 30(C), pages 22-29.
    35. Mikhail Golosov & Aleh Tsyvinski, 2005. "Optimal Taxation with Endogenous Insurance Markets," NBER Working Papers 11185, National Bureau of Economic Research, Inc.
    36. José Ignacio García Pérez, 2003. "Non-stationary Job Search When Jobs Do Not Last Forever: A Structural Estimation to Evaluate Alternative Unemployment Insurance Systems," Economic Working Papers at Centro de Estudios Andaluces E2003/49, Centro de Estudios Andaluces.
    37. Camille Landais & Pascal Michaillat & Emmanuel Saez, 2010. "A Macroeconomic Theory of Optimal Unemployment Insurance," NBER Working Papers 16526, National Bureau of Economic Research, Inc.
    38. Stiglitz, Joseph E. & Yun, Jungyoll, 2005. "Integration of unemployment insurance with retirement insurance," Journal of Public Economics, Elsevier, vol. 89(11-12), pages 2037-2067, December.
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    1. Sandra Lizarazo, 2009. "Contagion of Financial Crises in Sovereing Debt Markets," Working Papers 0906, Centro de Investigacion Economica, ITAM.
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    5. Akyol, Ahmet, 2004. "Optimal monetary policy in an economy with incomplete markets and idiosyncratic risk," Journal of Monetary Economics, Elsevier, vol. 51(6), pages 1245-1269, September.
    6. Davide Debortoli & Jordi Galí, 2017. "Monetary policy with heterogeneous agents: Insights from TANK models," Economics Working Papers 1686, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2021.
    7. Xavier Ragot, 2018. "Limited Participation, Capital Accumulation and Optimal Monetary Policy," Sciences Po Economics Discussion Papers hal-03444395, HAL.
    8. Jordan Roulleau-Pasdeloup, 2025. "Explicit Consumption Functions with Borrowing Constraints: a Continuous Time Approach," Papers 2511.03452, arXiv.org.
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    46. Turdaliev, Nurlan, 2019. "Monetary policy, heterogeneous population and inflation," Research in Economics, Elsevier, vol. 73(4), pages 277-292.
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    51. Xiaoliang Yang & Patrick Minford & David Meenagh, 2021. "Inequality and Economic Growth in the UK," Open Economies Review, Springer, vol. 32(1), pages 37-69, February.
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    56. Marcello D’Amato & Christian Di Pietro & Marco M. Sorge, 2024. "Left and right: a tale of two tails of the wealth distribution," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 78(4), pages 1389-1433, December.
    57. Nurlan Turdaliev, 2019. "Heterogeneity and monetary policy," Journal of Economics, Springer, vol. 128(2), pages 119-145, October.
    58. Benhabib, Jess & Bisin, Alberto & Zhu, Shenghao, 2015. "The wealth distribution in Bewley economies with capital income risk," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 489-515.
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    61. Bigio, Saki, 2019. "Comments on “Optimal supply of public and private liquidity” by Marina Azzimonti and Pierre Yared," Journal of Monetary Economics, Elsevier, vol. 102(C), pages 145-152.
    62. Araujo, Aloisio & Gama, Juan Pablo & Novinski, Rodrigo & Pascoa, Mario R., 2019. "Endogenous discounting, wariness, and efficient capital taxation," Journal of Economic Theory, Elsevier, vol. 183(C), pages 520-545.
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    69. Zhao, Bo, 2020. "COVID-19 pandemic, health risks, and economic consequences: Evidence from China," China Economic Review, Elsevier, vol. 64(C).
    70. Russell Wong & Guillaume Rocheteau & Zachary Bethune, 2017. "Unemployment, Aggregate Demand, and the Distribution of Liquidity," 2017 Meeting Papers 760, Society for Economic Dynamics.
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    72. Hull, Isaiah, 2014. "The Macro-Financial Implications of House Price-Indexed Mortgage Contracts," Working Paper Series 287, Sveriges Riksbank (Central Bank of Sweden).
    73. Emilien Gouin-Bonenfant & Alexis Akira Toda, 2019. "Pareto Extrapolation: Bridging Theoretical and Quantitative Models of Wealth Inequality," 2019 Meeting Papers 152, Society for Economic Dynamics.
    74. Toda, Alexis Akira, 2019. "Wealth distribution with random discount factors," Journal of Monetary Economics, Elsevier, vol. 104(C), pages 101-113.
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    79. Mark Aguiar & Manuel Amador & Cristina Arellano, 2023. "Pareto Improving Fiscal and Monetary Policies: Samuelson in the New Keynesian Model," Staff Report 646, Federal Reserve Bank of Minneapolis.
    80. Wen, Yi, 2015. "Money, liquidity and welfare," European Economic Review, Elsevier, vol. 76(C), pages 1-24.
    81. François Legrand & Xavier Ragot, 2016. "Optimal policy with heterogeneous agents and aggregate shocks : An application to optimal public debt dynamics," 2016 Meeting Papers 1272, Society for Economic Dynamics.
    82. Gianluca Violante & Greg Kaplan, 2008. "How Much Insurance in Bewley Models?," 2008 Meeting Papers 522, Society for Economic Dynamics.
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    85. Edouard Challe & Xavier Ragot, 2010. "Aggregate Consumption in Times of Crisis: The Role of Financial Frictions," PSE-Ecole d'économie de Paris (Postprint) halshs-00754434, HAL.
    86. Sun-Bin Kim & Frank Schorfheide & Yongsung Chang, 2010. "Financial Frictions, Aggregation, and the Lucas Critique," 2010 Meeting Papers 31, Society for Economic Dynamics.
    87. Czellar, Veronika & Garcia, René & Le Grand, François, 2025. "Uncovering asset market participation from household consumption and income," Journal of Econometrics, Elsevier, vol. 248(C).
    88. Aleksandra Kolasa, 2022. "The long-term impact of quasi-universal transfers to older households," Working Papers 2022-28, Faculty of Economic Sciences, University of Warsaw.
    89. Gregory Phelan & Alexis Akira Toda, 2015. "Securitized Markets, International Capital Flows, and Global Welfare," Department of Economics Working Papers 2015-14, Department of Economics, Williams College, revised Jul 2017.
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    91. Bo Zhao, 2015. "Rational housing bubble," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 60(1), pages 141-201, September.
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    93. Miquel Faig, 2006. "Divisible Money In An Economy With Villages," Working Papers tecipa-216, University of Toronto, Department of Economics.
    94. Miguel Viegas & Ana Ribeiro, 2015. "Welfare and inequality effects of debt consolidation processes: the case of Spain, 1996–2007," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 6(4), pages 479-496, November.
    95. Athreya, Kartik B., 2014. "Big Ideas in Macroeconomics: A Nontechnical View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019736, December.
    96. Xavier Ragot & Edouard Challe, 2011. "Precautionary Saving over the Business Cycle," 2011 Meeting Papers 517, Society for Economic Dynamics.
    97. Nicolas Albacete & Pirmin Fessler & Atanas Pekanov, 2024. "The Role of MPC Heterogeneity for Fiscal and Monetary Policy in the Euro Area (Nicolas Albacete, Pirmin Fessler, Atanas Pekanov)," Working Papers 254, Oesterreichische Nationalbank (Austrian Central Bank).
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Chapters

  1. Lars Ljungqvist & Thomas J. Sargent, 2010. "How Sweden's Unemployment Became More Like Europe's," NBER Chapters, in: Reforming the Welfare State: Recovery and Beyond in Sweden, pages 189-223, National Bureau of Economic Research, Inc.

    Cited by:

    1. Steven J. Davis & Magnus Henrekson, 2006. "Economic Performance and Work Activity in Sweden after the Crisis of the Early 1990s," NBER Working Papers 12768, National Bureau of Economic Research, Inc.

  2. Lars Ljungqvist & Thomas J. Sargent, 2007. "Do Taxes Explain European Employment? Indivisible Labor, Human Capital, Lotteries, and Savings," NBER Chapters, in: NBER Macroeconomics Annual 2006, Volume 21, pages 181-246, National Bureau of Economic Research, Inc.
    See citations under working paper version above.

Books

  1. Ljungqvist, Lars & Sargent, Thomas J., 2012. "Recursive Macroeconomic Theory, Third Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262018748, December.

    Cited by:

    1. Mark Egan & Tomas J. Philipson, 2014. "Health Care Adherence and Personalized Medicine," NBER Working Papers 20330, National Bureau of Economic Research, Inc.
    2. Córdoba, Juan Carlos & Liu, Xiying & Ripoll, Marla, 2016. "Fertility, social mobility and long run inequality," Journal of Monetary Economics, Elsevier, vol. 77(C), pages 103-124.
    3. Bar Light, 2019. "General equilibrium in a heterogeneous-agent incomplete-market economy with many consumption goods and a risk-free bond," Papers 1906.06810, arXiv.org, revised Mar 2021.
    4. Pierre Bernhard & Marc Deschamps, 2017. "Kalman on dynamics and contro, Linear System Theory, Optimal Control, and Filter," Working Papers 2017-10, CRESE.
    5. Cobus Vermeulen, 2020. "'Quantitative Easing' and central bank asset purchases in South Africa: A DSGE approach," ERSA Working Paper Series, Economic Research Southern Africa, vol. 0.
    6. Carlo Pizzinelli & Konstantinos Theodoridis & Francesco Zanetti, 2018. "State Dependence in Labor Market Fluctuations: Evidence,Theory, and Policy Implications," BCAM Working Papers 1801, Birkbeck Centre for Applied Macroeconomics.
    7. Olivier Loisel, 2015. "The Implementation of Stabilization Policy," Working papers 556, Banque de France.
    8. Böhl, Gregor & Hommes, Cars H., 2021. "Rational vs. irrational beliefs in a complex world," IMFS Working Paper Series 156, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    9. Ayse Kabukcuoglu & Enrique Martínez-García, 2016. "The Market Resources Method for Solving Dynamic Optimization Problems," Koç University-TUSIAD Economic Research Forum Working Papers 1607, Koc University-TUSIAD Economic Research Forum.
    10. Sergeyev, Dmitriy & Iovino, Luigi, 2018. "Central Bank Balance Sheet Policies Without Rational Expectations," CEPR Discussion Papers 13100, C.E.P.R. Discussion Papers.
    11. Kim, H. Youn, 2017. "The permanent income hypothesis, transitional dynamics, and excess sensitivity of consumption," Structural Change and Economic Dynamics, Elsevier, vol. 40(C), pages 10-25.
    12. Yunmin Chen & YiLi Chien & C.C. Yang, 2021. "Optimal Capital Taxation and Precautionary Savings," Review, Federal Reserve Bank of St. Louis, vol. 103(3), pages 333-350, July.
    13. Chugh, Sanjay K. & Lechthaler, Wolfgang & Merkl, Christian, 2018. "Optimal Fiscal Policy with Labor Selection," IZA Discussion Papers 11600, Institute of Labor Economics (IZA).
    14. Adrian Buss & Bernard Dumas, 2015. "The Dynamic Properties of Financial-Market Equilibrium with Trading Fees," NBER Working Papers 21421, National Bureau of Economic Research, Inc.
    15. François Le Grand & Xavier Ragot, 2017. "Optimal Fiscal Policy with Heterogeneous Agents and Aggregate Shocks," Working Papers hal-03458683, HAL.
    16. Enrique Mendoza & Sergio Villalvazo, 2020. "FiPIt: A Simple, Fast Global Method for Solving Models with Two Endogenous States & Occasionally Binding Constraints," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 81-102, July.
    17. Gasteiger, Emanuel, 2021. "Optimal constrained interest-rate rules under heterogeneous expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 287-325.
    18. Mikhail Golosov & Aleh Tsyvinski & Nicolas Werquin, 2016. "Recursive Contracts and Endogenously Incomplete Markets," NBER Working Papers 22012, National Bureau of Economic Research, Inc.
    19. Pietro Dindo & Andrea Modena & Loriana Pelizzon, 2019. "Risk Pooling, Leverage, and the Business Cycle," Working Papers 2019: 21, Department of Economics, University of Venice "Ca' Foscari".
    20. Tan, Eugene, 2020. "A fast and low computational memory algorithm for non-stochastic simulations in heterogeneous agent models," Economics Letters, Elsevier, vol. 193(C).
    21. Sarah Auster & Jeremy Kettering & Asen Kochov, 2021. "Sequential Trading with Coarse Contingencies," ECONtribute Discussion Papers Series 052, University of Bonn and University of Cologne, Germany.
    22. Toshihiko Mukoyama, 2018. "Heterogeneous Jobs and the Aggregate Labor Market," Working Papers gueconwpa~18-18-01, Georgetown University, Department of Economics.
    23. Giancarlo Corsetti & Anna Lipinska & Giovanni Lombardo, 2025. "International risk sharing and wealth allocation with higher order cumulants," BIS Working Papers 1293, Bank for International Settlements.
    24. Tomoyuki Nakajima & Shuhei Takahashi, 2020. "On the Non-Existence of a Zero-Tax Steady State with Incomplete Asset Markets," KIER Working Papers 1025, Kyoto University, Institute of Economic Research.
    25. Paramahansa Pramanik & Alan M. Polansky, 2024. "Motivation to Run in One-Day Cricket," Mathematics, MDPI, vol. 12(17), pages 1-30, September.
    26. Takuma Tanaka, 2022. "Predicting agents' direction of change in a non-stochastic economy using a potential function," Economics Bulletin, AccessEcon, vol. 42(2), pages 603-608.
    27. Bosi, Stefano & Le Van, Cuong & Pham, Ngoc-Sang, 2022. "Real indeterminacy and dynamics of asset price bubbles in general equilibrium," Journal of Mathematical Economics, Elsevier, vol. 100(C).
    28. Hsu, Minchung & Yang, C.C., 2013. "Optimal linear and two-bracket income taxes with idiosyncratic earnings risk," Journal of Public Economics, Elsevier, vol. 105(C), pages 58-71.
    29. Michael E. Waugh, 2019. "The Consumption Response to Trade Shocks: Evidence from the US-China Trade War," NBER Working Papers 26353, National Bureau of Economic Research, Inc.
    30. Chatelain, Jean-Bernard & Ralf, Kirsten, 2017. "A Simple Algorithm for Solving Ramsey Optimal Policy with Exogenous Forcing Variables," EconStor Preprints 168031, ZBW - Leibniz Information Centre for Economics.
    31. Rebecca Westphal & Didier Sornette, 2019. "Market Impact and Performance of Arbitrageurs of Financial Bubbles in An Agent-Based Model," Swiss Finance Institute Research Paper Series 19-29, Swiss Finance Institute.
    32. Clausen, Andrew & Strub, Carlo, 2020. "Reverse Calculus and nested optimization," Journal of Economic Theory, Elsevier, vol. 187(C).
    33. Pablo A. Cuba-Borda & Luca Guerrieri & Matteo Iacoviello & Molin Zhong, 2019. "Likelihood Evaluation of Models with Occasionally Binding Constraints," Finance and Economics Discussion Series 2019-028, Board of Governors of the Federal Reserve System (U.S.).
    34. San Vicente Portes, Luis & Atal, Vidya & Juárez Torres, Miriam, 2019. "From households to national statistics: Macroeconomic effects of Women's empowerment," Economic Modelling, Elsevier, vol. 79(C), pages 286-294.
    35. YiLi Chien & Yi Wen, 2019. "Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences," Working Papers 2019-007, Federal Reserve Bank of St. Louis, revised 26 Jul 2021.
    36. Benjamín García & Mario González & Sebastián Guarda & Manuel Paillacar, 2022. "Unconventional credit policies during crises: A structural analysis of the Chilean experience during the COVID-19 pandemic," Working Papers Central Bank of Chile 954, Central Bank of Chile.
    37. Buttet, Sebastien & Dolar, Veronika, 2015. "Toward a quantitative theory of food consumption choices and body weight," Economics & Human Biology, Elsevier, vol. 17(C), pages 143-156.
    38. Pierri, Damian Rene & Seoane, Hernán, 2022. "An ergodic theory of sovereign default," UC3M Working papers. Economics 36164, Universidad Carlos III de Madrid. Departamento de Economía.
    39. Chatelain, Jean-Bernard & Ralf, Kirsten, 2017. "Hopf Bifurcation from new-Keynesian Taylor rule to Ramsey Optimal Policy," EconStor Preprints 158001, ZBW - Leibniz Information Centre for Economics.
    40. Yunmin Chen & YiLi Chien & Michael T. Owyang, 2015. "Individual and Aggregate Constrained Efficient Intertemporal Wedges in Dynamic Mirrleesian Economies," Working Papers 2015-43, Federal Reserve Bank of St. Louis.
    41. Wang, Gaowang & Zou, Heng-fu, 2020. "Optimal fiscal and monetary policy in economies with capital," MPRA Paper 102753, University Library of Munich, Germany.
    42. Marco Bassetto & Wei Cui, 2018. "The Fiscal Theory of the Price Level in an Environment of Low Interest Rates," 2018 Meeting Papers 574, Society for Economic Dynamics.
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