Browsing by Author "Albertini, Julien"

Now showing items 1-6 of 6

2016-03-07Diskussionspapier

Aggregate Employment,Job PolarizationAnd Inequalities

Albertini, Julien; Hairault, Jean Olivier; Langot, Francois; Sopraseuth, Thepthida

This paper develops a multi-sectorial search and matching model with endogenous occupational choice in a context of structural change. Our objective is to shed light on the way labor market institutions affect aggregate ...
2014-07-01Diskussionspapier

Discount Factor Shocksand Labor MarketDynamics

Albertini, Julien; Poirier, Arthur

In this paper we investigate the labor market dynamics in a matching model where fluctuations are driven by movements in the discount factor. A comparison with the standard productivity shock is provided. Movements in the ...
2015-11-23Diskussionspapier

Frictions or deadlocks? Job polarization with search and matching frictions

Albertini, Julien; Hairault, Jean Olivier; Langot, François; Sopraseuth, Thepthida

This paper extends Pissarides (1990)’s matching model by considering two sectors (routine and manual) and workers’ occupational choices, in the context of skill-biased demand shifts, to the detriment of routine jobs and ...
2014-02-19Diskussionspapier

The composition of government spending and the multiplier at the Zero Lower Bound

Albertini, Julien; Poirier, Arthur; Roulleau-Pasdeloup, Jordan

We investigate the size of the multiplier at the ZLB in a New keynesian model. It ranges from around -0.25 to +1.5, depending on the extent to which government spending is productive, substitutable or not for private consumption.
2016-03-07Diskussionspapier

The importance of timevaryingparametersin new Keynesian modelswith zero lower bound

Albertini, Julien; Lan, Hong

In this paper we question the ability of New Keynesian models to reproduce the behavior of the nominal interest rate. In particular, we wonder if the model is able to reproduce infrequent but long ZLB spells as observed ...
2014-02-19Diskussionspapier

Unemploymentbenefits extensions atthe zero lower boundon nominal interestrate

Albertini, Julien; Poirier, Arthur

In this paper we investigate the impact of the recent US unemployment benefits extension on the labor market dynamic when the nominal interest rate is held at the zero lower bound (ZLB). Using a New Keynesian model, our ...