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DEEP Séminaires en Macroéconomie

The DEEP organizes a workshop covering a wide array of Macro topics, including growth, business cycles, monetary models, equilibrium asset pricing, labor markets, macro-econometrics, …

Presentations are 1h15, including questions from the audience. The workshop is open to external and internal speakers. 

Send an email to Fang.Liu.2@unil.ch for further information.

Quantifying the Benefits of Labor Mobility in a Currency Union

Christian Pröbsting (EPFL)

20 février 2018  -  12:15-13:30, salle Extranef 109

Cyclical unemployment rates differ substantially more between countries in the euro area than between states in the United States. We find that net migration is responsive to unemployment differentials, but the response is smaller in Europe relative to the U.S. This paper explores to what extent the lack of labor mobility in Europe makes it more difficult for the euro area to adjust to shocks. We develop a multi-country DSGE model of a currency union with cross-border migration and search frictions in the labor market. The model is calibrated to the 48-state U.S. economy and to the 31-country European economy and replicates, for each region, the relationship between net migration and unemployment differentials. The model allows us to quantify the benefits if Europe had enjoyed levels of labor mobility as high as those in the U.S. during the most recent crisis.

Liste des prochaines séances

6 mars 2018 Charles Dennery (LSE)
Host(s): Luisa Lambertini (EPFL)
12:15-13:30, salle Extranef 125

click here [↓] to go to the attached pdf
20 mars 2018 Andreas Tischbirek (HEC Lausanne)
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
17 avril 2018 Corinne Dubois (EPFL)
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
1er mai 2018 Baptiste Massenot (Goethe University Frankfurt and Research Center SAFE)
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
15 mai 2018 Margaret Davenport (HEC Lausanne)
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
29 mai 2018 Yu Wu (EPFL)
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
12 juin 2018 Charles Gottlieb (Université de St-Gall)
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
26 juin 2018 Free slot
12:15-13:30

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>> Liste des séances précédentes
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