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The impact of product and labour market reform on growth : evidence for OECD countries based on local projections
Haan, Jakob de; Wiese, Rasmus - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012238489
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Did a Successful Fight Against the Covid-19 Pandemic Come at a Cost? Impacts of the Outbreak on Employment Outcomes in Vietnam
Dang, Hai-Anh; Nguyen, Cuong Viet - 2021
Vietnam is widely praised for its successful fight against the COVID-19 pandemic. The country has had an extremely low … for Vietnam. We employ difference-in-differences econometric models to estimate the causal effects of the lockdown, using …
Persistent link: https://www.econbiz.de/10013314778
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Labor market institutions, fiscal multipliers, and macroeconomic volatility
Boeck, Maximilian; Crespo Cuaresma, Jesús; Glocker, … - 2022
We study empirically how various labor market institutions - (i) union density, (ii) unemployment benefit remuneration, and (iii) employment protection - shape fiscal multipliers and output volatility. Our theoretical model highlights that more stringent labor market institutions attenuate both...
Persistent link: https://www.econbiz.de/10013201691
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Managing households' expectations with salient economic policies
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019 - This version: August 2019
The empirical effectiveness of economic policies that operate theoretically through similar channels differs substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a policy whose implications are harder to understand by...
Persistent link: https://www.econbiz.de/10012057290
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Taking Stock, July 2020 : What Will Be the New Normal for Vietnam? The Economic Impact of COVID-19
World Bank Group - 2020
, while others have simply disappeared. This report argues that Vietnam should not envision a return to the old normal, but … communicate. The new normal for Vietnam will depend on many factors, but it will be to a large extent shaped by the way the … fiscal policy. Yet, by being ahead of the curve, Vietnam has a unique opportunity to increase its footprint in the world …
Persistent link: https://www.econbiz.de/10012647403
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Turning Vietnam's COVID-19 Success into Economic Recovery : A Job-Focused Analysis of Individual Assessments on Their Finance and the Economy
Dang, Hai-Anh - 2020
implemented and analyzed a web-based rapid assessment survey immediately after the removal of lockdown measures in Vietnam, a … optimism about the resilience of the economy. Further disaggregating employment into different types of jobs such as self …
Persistent link: https://www.econbiz.de/10012831969
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The ECB's policy, the recovery fund and the importance of trust : the case of Greece
Dimakopoulou, Vasiliki; Oikonomidēs, Geōrgios; … - 2021
This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the … ECB, like the PEPP, for the Greek economy? Do they help the real economy and, if yes, by how much? What would have …
Persistent link: https://www.econbiz.de/10012650611
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What do we know about the macroeconomic effects of fiscal policy? : a brief survey of the literature on fiscal multipliers
Castelnuovo, Efrem; Lim, Guay C. - 2018
/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as …
Persistent link: https://www.econbiz.de/10011933907
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How cost effective are new cancer drugs in the U.S.?
Lichtenberg, Frank R. - 2017
The number of drugs approved by the FDA for treating cancer has increased substantially during the last 40 years. Moreover, cancer drug innovation has been accelerating: more than 8 times as many new cancer drugs were approved during 2005-2015 as were approved during 1975-1985 (66 vs. 8). During...
Persistent link: https://www.econbiz.de/10011735934
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What Factors Influence Firm Perceptions of Labour Market Constraints to Growth in the MENA Region?
Fakih, Ali - 2015
Labour market constraints constitute prominent obstacles to firm development and economic growth of countries located in the Middle East and North Africa (MENA) region. This paper aims at examining the implications of firm characteristics, national locations, and sectoral associations for the...
Persistent link: https://www.econbiz.de/10013013595