scholarly journals The Cyclical Volatility of Labor Markets Under Frictional Financial Markets

2010 ◽  
Author(s):  
Nicolas Petrosky-Nadeau ◽  
Etienne Wasmer
Keyword(s):  
Financial Markets ◽  
Labor Markets ◽  
Cyclical Volatility

scholarly journals FACTOR MARKETS IN BULGARIAN BEEKEEPING

2021 ◽  
Author(s):  
Lyubomir Lyibenov ◽  
◽  
Aneliya Lyubenova ◽  
Ivaylo Hristakov ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Financial Markets ◽  
Labor Markets ◽  
Land Markets ◽  
Development Trends ◽  
Joint Factor ◽  
Factor Markets

The aim is to determine the size and development trends of land and labor markets in the national beekeeping. The study is focused only on them, as the size and trends of national financial markets in beekeeping are defined in another study by the authors. The urgency of the problem stems from the important role of factor markets in achieving sustainable development of beekeeping and other sectors dependent on it, given the pollination activity of bees. The study finds that the land markets in the beekeeping sector are over 0.5 BGN million/year, and the labor markets are over 77.2 BGN million/year, i.e. form joint factor markets in the Bulgarian beekeeping for over 77.7 BGN million/year. Their development trends are positive and derived from those in the beekeeping sector and other related markets - financial and others.

scholarly journals The Cyclical Volatility of Labor Markets under Frictional Financial Markets

2013 ◽  
Vol 5 (1) ◽  
pp. 193-221 ◽  
Author(s):  
Nicolas Petrosky-Nadeau ◽  
Etienne Wasmer
Keyword(s):  
Labor Market ◽  
Financial Markets ◽  
Labor Markets ◽  
Financial Frictions ◽  
Job Creation ◽  
Credit Market ◽  
Productivity Shocks ◽  
Financial Costs ◽  
Entry Cost ◽  
Volatility Puzzle

We provide a dynamic extension of an economy with search on credit and labor markets (Wasmer and Weil 2004). Financial frictions create volatility. They add an additional, almost acyclical, entry cost to procyclical job creation costs, thus increasing the elasticity of labor market tightness to productivity shocks by a factor of five to eight, compared to a matching economy with perfect financial markets. We characterize a dynamic financial multiplier that is increasing in total financial costs and minimized under a credit market Hosios-Pissarides rule. Financial frictions are an element of the solution to the volatility puzzle. (JEL C78, E24, E32, E44, G21, J63)

The role of the expectations channel in the quantitative easing in the Eurozone

2019 ◽  
Vol 46 (2) ◽  
pp. 372-382 ◽  
Author(s):  
Nicholas Apergis
Keyword(s):  
Financial Markets ◽  
Labor Markets ◽  
Stock Prices ◽  
Methodological Approach ◽  
Quantitative Easing ◽  
Data Set ◽  
Content Type ◽  
Economic Productivity ◽  
Financial Variables ◽  
Switching Dynamic

Purpose The purpose of this paper is to explore the direct and exclusive effects of this rather unconventional monetary policy on financial markets, economic activity and labor markets across the Eurozone. Design/methodology/approach Using a range of variables, the analysis employed the Markov-switching dynamic regression methodological approach. Findings The findings provided evidence in favor of the reduction of short- and log-term credit spreads, increased stock prices, improved market expectations, recovered labor market conditions and economic productivity, while the primary transmission channel of the quantitative easing policy is the expectations channel. Originality/value The novelties of this paper are twofold: it makes use of a wide data set to investigate the effect of economic and financial variables on productivity, labor markets, bond markets and equity markets in the Eurozone; and the analysis focuses on the direct effects of monetary base increases on the Eurozone economy, as well as on Eurozone financial markets.

European Financial Markets and Institutions

2009 ◽  
Author(s):  
Jakob de Haan ◽  
Sander Oosterloo ◽  
Dirk Schoenmaker
Keyword(s):  
Financial Markets ◽  
Markets And Institutions
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