 | Systemic Risk, Aggregate Demand, and Commodity Prices Author/Editor: Javier Gómez-Pineda, Dominique M. Guillaume, Kadir Tanyeri. Release Date:July, 2015 The paper presents a global model with systemic and country risks, as well as commodity prices.Weshow that systemic risk shocks have an important impact on world economic activity, with the busts more...
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|  | Labor Market Flexibility and Unemployment: New Empirical Evidence of Static and Dynamic Effects Author/Editor: Lorenzo E. Bernal-Verdugo, Davide Furceri, Dominique M. Guillaume. Release Date:March, 2012 The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that more...
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| | Crises, Labor Market Policy, and Unemployment Author/Editor: Lorenzo E. Bernal-Verdugo, Davide Furceri, Dominique M. Guillaume. Release Date:March, 2012 Using a sample of 97 countries spanning the period 1980“2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears more...
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| | Iran : The Chronicles of the Subsidy Reform Author/Editor: Dominique M. Guillaume, Roman Zytek, Mohammad Reza Farzin. Release Date:July, 2011 On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first major oil-exporting country to reduce substantially implicit energy subsidies. This more...
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