How Labour Market Rigidities increase our understanding of Business Cycle Fluctuations

João Madeira discusses his research in this area. Economics undergraduate students worldwide are taught business cycle fluctuations using the IS-LM model, the AD-AS model, and the Phillips curve. The key message from these models is that monetary and fiscal policy can be effective in stimulating aggregate economic output in the short to medium run (before …

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A family affair: how close relatives can push new mums to work longer

Emma Tominey (York), on her research with Cheti Nicoletti (York) and Kjell Salvanes (NHH). How much should new mothers work? It turns out the example set within families and friendship groups has a major role in deciding the hours women will consider after returning from maternity leave. Policy makers should take note. We are all …

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