The impact of monetary policy on a labor market with heterogeneous workers: The case of Chile

Submitted by Cristóbal Vásquez on
EfD Authors:
Salazar, Leonardo
Salazar, Leonardo

We use a factor-augmented vector autoregressive (FAVAR) model to analyze the effect of a contractionary monetary policy shock on macroeconomic aggregates and labor market indicators for different demographic groups in Chile classified by industry, age, and income quintile. Inflation is negatively correlated with unemployment across groups. The model shows that most groups’ job-separation rate and wage volatility increase after an interest rate rise. The response of the job-finding rate is mixed, decreasing in some groups and rising in others after an interest rate shock.

Peer Reviewed
Policy Design

Hire purchase schemes and adoption of LPG cookstoves: Experimental evidence from Uganda

Submitted by Petra Hansson on
EfD Authors:
Nanyiti, Aisha
Matovu, Fred
Kavuma, Susan

Highlights: 

▪ Hire purchase schemes increase vendors' likelihood of buying an LPG cookstove. 

▪ Hire purchase schemes with a learning opportunity have a greater effect on the vendor’s likelihood of buying an LPG cookstove. 

Policy Brief
Climate Change, Energy, Policy Design

Policy instruments for an Inclusive Green Economy – Experiences from the East African region on policy instruments to reduce the use of fossil fuels, plastic pollution, and forest loss

Submitted by Petra Hansson on
Report
Climate Change, Forestry, Land, Policy Design, Waste
Subscribe to