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240607 ||| eng |
| 020 |
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|a 9798400250316
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| 100 |
1 |
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|a Belianska, Anna
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| 245 |
0 |
0 |
|a Macroeconomic Uncertainty and Capital-Skill Complementarity
|c Anna Belianska
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 74 pages
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Labour; income economics
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| 653 |
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|a Employment; Economic theory
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Occupational Licensing
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| 653 |
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|a Economics: General
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Unemployment
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| 653 |
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|a Aggregate Labor Productivity
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| 653 |
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|a Informal sector; Economics
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| 653 |
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|a Demand and Supply of Labor: General
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| 653 |
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|a Aggregate Human Capital
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| 653 |
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|a Labor
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Labor supply
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| 653 |
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|a Cycles
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| 653 |
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|a Currency crises
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| 653 |
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|a Wage Level and Structure
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| 653 |
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|a Labor Economics: General
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| 653 |
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|a Labor market
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Business Fluctuations
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| 653 |
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|a Wages
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| 653 |
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|a Wage Differentials
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| 653 |
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|a Econometrics
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| 653 |
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|a Skilled labor
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| 653 |
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|a Intergenerational Income Distribution
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Professional Labor Markets
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| 653 |
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|a Employment
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| 653 |
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|a Production and Operations Management
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| 653 |
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|a Labor economics
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9798400250316.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2023/155/001.2023.issue-155-en.xml?cid=537485-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a I examine the impact of macroeconomic uncertainty on labor market outcomes for skilled and unskilled workers and propose a new channel to improve our understanding of the underlying propagation mechanisms. I find that uncertainty shocks are recessionary with the unskilled experiencing a steeper fall in employment. To rationalize these findings, I build a New Keynesian DSGE model with skill heterogeneity and wage rigidities, which, coupled with precautionary labor supply, significantly amplify contractionary effects of uncertainty on the real economy
|