ICEF/LFE Research Seminar, Francesco Zanetti (University of Oxford)

On Thursday, March 19 at 4.00 pm, room 3211 (Shabolovka str. 26) ICEF and LFE held the Research Seminar in Finance.
Speaker: Francesco Zanetti (University of Oxford)
Theme: "Financial Shocks and Labor Market Fluctuations"

Abstract:  This paper investigates the effect of financial shocks using an estimated general equilibrium model that links the firm’s flows of financing with labor market variables. The results show that financial shocks have sizeable, short-run effects on vacancy posting, unemployment and wages, and persistent effects on financial variables. Shocks to the job destruction rate are important in describing short-run fluctuations in unemployment. The analysis also investigates the underlying driving forces of some key comovements in the data.

---

Forthcoming seminars

Past seminar