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60 Results

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  • Topics

    • Labor Market (7)
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    • Business Cycle World (5)
    • Growth (5)
    • Tax Policy (5)
    • Fiscal Policy & National Budgets (4)
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  • Publication Type

    • Working Paper (30)
    • Journal Article (25)
  • Research

    • Macroeconomic Research (37)
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    • Macroeconomic Policies over the Business Cycle (8)
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    • Business Cycles and Growth (1)
  • Experts

    • Christian Merkl (60)
    • Dennis J. Snower (21)
    • Wolfgang Lechthaler (14)
    • Alessio J. G. Brown (7)
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  1. Journal Article

    Monetary Policy Rules for Russia

    Journal of Comparative Economics
    01/2005
    Akram Esanov, Christian Merkl, Lúcio Vinhas de Souza

    The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we...

  2. Working Paper

    A Preliminary Evaluation of Monetary Policy Rules for Russia

    Kiel Working Papers
    01/2004
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    Akram Esanov, Christian Merkl, Lúcio Vinhas de Souza

    The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we...

  3. Journal Article

    The Role of Labor Market Institutions in the Great Recession

    Applied Economics Quarterly Supplement
    09/2010
    Jens Boysen-Hogrefe, Dominik Groll, Wolfgang Lechthaler ...

    The recent Great Recession had very heterogeneous effects on the labor markets in industrialized countries. We analyze the role of three labor...

  4. Employment protection has to be harmonized within the Eurozone

    Kiel Focus
    02/2013
    Wolfgang Lechthaler, Christian Merkl, Ester Faia

    Recession has put many Eurozone labor markets under stress, particularly those in Mediterranean countries that have inflexible markets. As...

  5. Journal Article

    Optimal Fiscal Policy with Labor Selection

    Journal of Economic Dynamics and Control
    04/2019
    Sanjay K. Chugh, Wolfgang Lechthaler, Christian Merkl

    This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey...

  6. Journal Article

    Efficiency and Labor Market Dynamics in a Model of Labor Selection

    International Economic Review
    11/2016
    Sanjay K. Chugh, Christian Merkl

    This paper characterizes e fficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional...

  7. Journal Article

    The German Labor Market During the Great Recession: Shocks and Institutions

    Economic Modelling
    05/2019
    Britta Gehrke, Wolfgang Lechthaler, Christian Merkl

    This paper analyzes Germany’s unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a...

  8. Working Paper

    The German Labor Market During the Great Recession: Shocks and Institutions

    IAB discussion paper
    04/2017
    Britta Gehrke, Wolfgang Lechthaler, Christian Merkl

    This paper analyzes Germany’s unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a...

  9. Working Paper

    Revisiting the Matching Function

    Kiel Working Papers
    02/2014
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    Britta Kohlbrecher, Christian Merkl, Daniela Nordmeier

    Many labor market models use both idiosyncratic productivity and a vacancy free entry condition. This paper shows that these two features...

  10. Working Paper

    Centralized vs. Decentralized Wage Formation: The Role of Firms’ Production Technology

    Kiel Working Papers
    06/2014
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    Boris Hirsch, Christian Merkl, Claus Schnabel ...

    This paper is the first to show theoretically and empirically how firms' production technology affects the choice of their preferred wage...

  11. Journal Article

    Does Short-Time Work Save Jobs? A Business Cycle Analysis

    European Economic Review
    05/2016
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    Almut Balleer, Britta Gehrke, Wolfgang Lechthaler ...

    In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase...

  12. Journal Article

    Macroeconomic Volatilities and the Labor Market: First Results from the Euro Experiment

    European Journal of Political Economy
    01/2011
    Christian Merkl, Tom Schmitz

    This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an...

  13. Working Paper

    They Are Even Larger! More (on) Puzzling Labor Market Volatilities

    Kiel Working Papers
    01/2009
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    Hermann Gartner, Christian Merkl, Thomas Rothe

    This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical...

  14. Working Paper

    The Inflation-Output Tradeoff: Which Type of Labor Market Rigidity Is to Be Blamed?

    Kiel Working Papers
    01/2009
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    Christian Merkl

    In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the...

  15. Working Paper

    Comparing The Effectiveness of Employment Subsidies

    Kiel Working Papers
    11/2006
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    Alessio J. G. Brown, Christian Merkl, Dennis J. Snower

    This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two important questions are...

  16. Journal Article

    The Effect of Capital Requirement Regulations on the Transmission of Monetary Policy: Evidence from Austria

    Empirica
    01/2007
    Philipp Engler, Christian Merkl, Lúcio Vinhas de Souza ...

    This paper analyzes the role of banks’ regulatory capitalization in the transmission of monetary policy. We use a confidential dataset for...

  17. Working Paper

    The Caring Hand that Cripples: The East German Labor Market After Reunification (Detailed Version)

    Kiel Working Papers
    01/2006
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    Dennis J. Snower, Christian Merkl

    The East German labor market has hardly made any progress since German reunification, despite massive migration flows and support from the...

  18. Journal Article

    The Caring Hand that Cripples: The East German Labor Market after Reunification

    American Economic Review
    05/2006
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    Dennis J. Snower, Christian Merkl

    The East German labor market has hardly made any progress since German reunification, despite massive migration flows and support from the...

  19. Working Paper

    Selective Hiring and Welfare Analysis in Labor Market Models

    Kiel Working Papers
    01/2012
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    Christian Merkl, Thijs van Rens

    Firms select not only how many, but also which workers to hire. Yet, in standard search models of the labor market, all workers have the same...

  20. Journal Article

    Sclerosis and large volatilities: Two sides of the same coin

    Economic Letters
    04/2012
    Hermann Gartner, Christian Merkl, Thomas Rothe

    The labor market in Germany is more sclerotic and volatile than in the US. We show theoretically that sclerosis and large volatilities are two...

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