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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
the economy back to high growth trajectory, leading to economic transformation. To do so, the book covers trends in … performance of Indian economy since the Global Financial Crisis to the COVID-19 effect, bringing out factors that have determined … opportunities present in an emerging economy with vast under and utilised labour and the macroeconomic policy initiatives that can …
Persistent link: https://www.econbiz.de/10013203515
and Wage Adjustments in Bangladesh -- 4. Impact of Energy Price Adjustments on Bangladesh Economy: A Macro …
Persistent link: https://www.econbiz.de/10012399259
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
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
range of macro policy issues that will impact the economy and markets in the years ahead. The primary goal of this book is …
Persistent link: https://www.econbiz.de/10012396773
Public Administration/Governance and the Economies of Southeastern Europe -- Greek Political Economy in the Post …
Persistent link: https://www.econbiz.de/10013373468
Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price … increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon … economy …
Persistent link: https://www.econbiz.de/10012396898
We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...
Persistent link: https://www.econbiz.de/10009388290
One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht deficit restrictions were temporarily suspended to allow for large temporary deficits. As recovery sets in, countries are confronted with the task of consolidating the Covid...
Persistent link: https://www.econbiz.de/10012796971