WorldCat Identities

Trigari, Antonella

Overview
Works: 33 works in 100 publications in 2 languages and 585 library holdings
Genres: Academic theses  Cross-cultural studies  History 
Roles: Author, Editor, Other, Opponent
Publication Timeline
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Most widely held works by Antonella Trigari
Unemployment fiscal multipliers by Tommaso Monacelli( )

11 editions published in 2010 in English and held by 96 WorldCat member libraries worldwide

We estimate the effects of fiscal policy on the labor market in US data. An increase in government spending of 1 percent of GDP generates output and unemployment multipliers respectively of about 1.2 per cent (at one year) and 0.6 percentage points (at the peak). Each percentage point increase in GDP produces an increase in employment of about 1.3 million jobs. Total hours, employment and the job finding probability all rise, whereas the separation rate falls. A standard neoclassical model augmented with search and matching frictions in the labor market largely fails in reproducing the size of the output multiplier whereas it can produce a realistic unemployment multiplier but only under a special parameterization. Extending the model to strengthen the complementarity in preferences, to include unemployment benefits, real wage rigidity and/or debt financing with distortionary taxation only worsens the picture. New Keynesian features only marginally magnify the size of the multipliers. When complementarity is coupled with price stickiness, however, the magnification effect can be large
Unemployment fluctuations with staggered nash wage bargaining by Mark Gertler( )

9 editions published in 2006 in English and held by 93 WorldCat member libraries worldwide

A number of authors have recently emphasized that the conventional model of unemployment dynamics due to Mortensen and Pissarides has difficulty accounting for the relatively volatile behavior of labor market activity over the business cycle. We address this issue by modifying the MP framework to allow for staggered multiperiod wage contracting. What emerges is a tractable relation for wage dynamics that is a natural generalization of the period-by-period Nash bargaining outcome in the conventional formulation. An interesting side-product is the emergence of spillover effects of average wages on the bargaining process. We then show that a reasonable calibration of the model can account well for the cyclical behavior of wages and labor market activity observed in the data. The spillover effects turn out to be important in this respect
Structural and cyclical forces in the labor market during the Great Recession : cross-country evidence by Luca Sala( )

13 editions published in 2012 in English and held by 85 WorldCat member libraries worldwide

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the period prior to the financial crisis and use the model to interpret movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less important in the U.K. and Sweden than in the U.S., but matching efficiency improved in Germany, helping to keep unemployment low. A counterfactual experiment suggests that unemployment in Germany would have been substantially higher if the German labor market had been more similar to that in the U.S
Financial markets and unemployment by Tommaso Monacelli( )

6 editions published in 2011 in English and held by 84 WorldCat member libraries worldwide

We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increases the incentive to create jobs. The transmission mechanism of 'credit shocks' is fundamentally different from the typical credit channel and the model can explain why firms cut hiring after a credit contraction even if they have not shortage of funds for hiring workers. The theoretical predictions are consistent with the estimation of a structural VAR whose identifying restrictions are derived from the theoretical model
Unemployment fluctuations, match quality, and the wage cyclicality of new hires by Mark Gertler( )

9 editions published in 2016 in English and held by 73 WorldCat member libraries worldwide

Macroeconomic models often incorporate some form of wage stickiness to help account for employment fluctuations. However, a recent literature calls in to question this approach, citing evidence of new hire wage cyclicality from panel data studies as evidence for contractual wage flexibility for new hires, which is the relevant margin for employment volatility. We analyze data from the SIPP and find that the wages for new hires coming from unemployment are no more cyclical than those of existing workers, suggesting wages are sticky at the relevant margin. The new hire wage cyclicality found in earlier studies instead appears to reflect cyclical average wage gains of workers making job-to-job transitions, which we interpret as evidence of procyclical match quality for new hires from employment. We then develop a quantitative general equilibrium model with sticky wages via staggered contracting, on-the-job search, and variable match quality, and show that it can account for both the panel data evidence and aggregate labor market regularities. An additional implication of the model is that a sullying effect of recessions emerges, along the lines originally suggested by Barlevy (2002)
Esercizi di macroeconomia : guida allo studio del testo di Olivier Blanchard by David W Findlay( Book )

8 editions published between 1998 and 2007 in Italian and English and held by 36 WorldCat member libraries worldwide

Questo volume costituisce un utile e aggiornato complemento all'edizione italiana del manuale di Olivier Blanchard, Alessia Amighini e Francesco Giavazzi, "Macroeconomia : una prospettiva europea", nuova edizione 2014. Si tratta di un eserciziario che, fornendo un'ampia gamma di problemi con le relative soluzioni dettagliatamente sviluppate, potrà consentire allo studente di applicare i principi fondamentali della teoria macroeconomica e di verificare il proprio livello di preparazione
Essays on labor market search, business cycles and monetary policy by Antonella Trigari( )

2 editions published in 2003 in English and held by 25 WorldCat member libraries worldwide

The second essay develops a general equilibrium model to explain a set of facts regarding job flows, unemployment and inflation dynamics. The model integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities and allows for endogenous job destruction. The model can explain the cyclical behavior of unemployment, job creation, job destruction and the joint fluctuations of the labor input along both the extensive and the intensive margin conditional on a shock to monetary policy. Allowing for variation of the labor input at the extensive margin leads to a significantly lower elasticity of marginal costs with respect to output. This helps to explain the sluggishness of inflation and the persistence of output after a monetary policy shock
Equilibrium unemployment, job flows and inflation dynamics by Antonella Trigari( Book )

4 editions published in 2004 in English and held by 21 WorldCat member libraries worldwide

Unemployment fluctuations with staggered Nash bargaining( )

1 edition published in 2006 in English and held by 13 WorldCat member libraries worldwide

Measuring TFP: The Role of Profits, Adjustment Costs, and Capacity Utilization by Diego Comin( )

5 editions published in 2020 in English and held by 11 WorldCat member libraries worldwide

Standard methods for estimating total factor productivity (TFP) growth assume that economic profits are zero and adjustment costs are negligible. Moreover, following the seminal contribution of Basu, Fernald and Kimball (2006), they use changes in hours per worker as a proxy for unobserved changes in capacity utilization. In this paper, we propose a new estimation method that accounts for non-zero profits, structurally estimates adjustment costs, and relies on a utilization proxy from firm surveys. We then compute industry-level and aggregate TFP growth rates for the United States and five European countries, for the period 1995-2016. In the United States, our results suggest that the recent slowdown of TFP growth was more gradual than previously thought. In Europe, we find that TFP was essentially flat during the Great Recession, while standard methods suggest a substantial decrease. These differences are driven by profits in the United States, and by profits and our new utilization proxy in Europe
Monetary policy under uncertainty in an estimated model with labour market frictions by Luca Sala( Book )

4 editions published in 2008 in English and held by 11 WorldCat member libraries worldwide

The output gap, the labor wedge and the dynamic behavior of hours by Luca Sala( Book )

4 editions published in 2010 in English and held by 11 WorldCat member libraries worldwide

We use a standard quantitative business cycle model with nominal price and wage rigidities to estimate two measures of economic inefficiency in recent U.S. data: the output gap--the gap between the actual and efficient levels of output--and the labor wedge--the wedge between households' marginal rate of substitution and firms' marginal product of labor. We establish three results. (i) The output gap and the labor wedge are closely related, suggesting that most inefficiencies in output are due to the inefficient allocation of labor. (ii) The estimates are sensitive to the structural interpretation of shocks to the labor market, which is ambiguous in the model. (iii) Movements in hours worked are essentially exogenous, directly driven by labor market shocks, whereas wage rigidities generate a markup of the real wage over the marginal rate of substitution that is acyclical. We conclude that the model fails in two important respects: it does not give clear guidance concerning the efficiency of business cycle fluctuations, and it provides an unsatisfactory explanation of labor market and business cycle dynamics
Unemployment fluctuations with staggered nash bargaining by Mark Gertler( )

2 editions published in 2006 in English and held by 3 WorldCat member libraries worldwide

Empirical and theoretical implications of frictional labor markets by Elisa Guglielminetti( Book )

2 editions published in 2015 in English and held by 2 WorldCat member libraries worldwide

In this thesis I take the search and matching framework as the starting point of my analysis to investigate several aspects of the labor market. In Chapter 1, I explore the consequences of uncertainty on the macroeconomy . The empirical analysis shows that uncertainty has a detrimental effect on the aggregate economy and that job creation is an important channel of transmission. The empirical findings are then rationalized through a DSGE model incorporating the DMP setup and featuring stochastic volatility. In Chapter 2, I study the time-varying characteristics of job creation in the US. The econometric setup is a Time-Varying Parameter SVAR (TVP-SVAR) with stochastic volatility. The identification strategy is based on a DSGE model with a frictional labor marketIn Chapter 3, I extend the standard framework to take into account the spatial dimension of job search. Austrian data show the existence of a trade- off between wage and commute time. They also uncover complex patterns in the dynamics of exits from unemployment. Cox-regressions further show that the level of unemployment benefits has a strong discouraging effect on job search. In Chapter 4, I use a random search model to study the sorting of new hires into open-ended and fixed-term contracts. The co-existence of these two types of contracts is explained by match heterogeneity. The match productivity is interpreted as the fit of worker's skills to task requirements. This hypothesis is supported by matched employer-employee data from a large Italian region
Human genetic diversity and comparative economic development by Quamrul Ashraf( Book )

1 edition published in 2008 in English and held by 2 WorldCat member libraries worldwide

The output gap, the labor wedge, and the dynamic behavior of hours by Luca Sala( Book )

2 editions published in 2010 in English and held by 2 WorldCat member libraries worldwide

We use a standard quantitative business cycle model with nominal price and wage rigidities to estimate two measures of economic ineffciency in recent U.S. data: the output gap - the gap between the actual and effcient levels of output - and the labor wedge - the wedge between households' marginal rate of substitution and firms' marginal product of labor. We establish three results. (i) The output gap and the labor wedge are closely related, suggesting that most ineffciencies in output are due to the ineffcient allocation of labor. (ii) The estimates are sensitive to the structural interpretation of shocks to the labor market, which is ambiguous in the model. (iii) Movements in hours worked are essentially exogenous, directly driven by labor market shocks, whereas wage rigidities generate a markup of the real wage over the marginal rate of substitution that is acyclical. We conclude that the model fails in two important respects: it does not give clear guidance concerning the effciency of business cycle uctuations, and it provides an unsatisfactory explanation of labor market and business cycle dynamics. -- Business cycles ; Effciency ; Labor markets ; Monetary policy
Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence by Luca Sala( )

in English and held by 1 WorldCat member library worldwide

The output gap, the labor wedge, and the dynamic behavior of hours by Luca Sala( )

1 edition published in 2010 in English and held by 1 WorldCat member library worldwide

Equilibrium unemployment, job flows and inflation dynamics by Antonella Trigari( Book )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

Unemployment fluctuation with staggered Nash wage bargaining( )

1 edition published in 2006 in English and held by 1 WorldCat member library worldwide

 
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Alternative Names
Antonella Trigari economista italiana

Antonella Trigari econoom

Antonella Trigari Italian economist

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