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Counteracting unemployment in crises : non-linear effects of short-time work policy
Gehrke, Britta; Hochmuth, Brigitte - 2018
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
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The recovery from the Great Recession: a long, evolving expansion
Shambaugh, Jay C.; Strain, Michael R. - 2021
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in …, the economy contracted by more than it had since the Great Depression. A slow and steady recovery followed the Great …
Persistent link: https://www.econbiz.de/10012405441
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Monetary policy, growth and employment in developing areas : a review of the literature
Junankar, Pramod N. - 2019
of economic growth and the initial state of the economy. Although growth may lead to increasing employment (formal and …
Persistent link: https://www.econbiz.de/10011988624
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The impact of government spending on GDP in a remitting country
Al-Abri, Almukhtar S.; Genc, Ismail H.; Naufal, George - 2018
The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...
Persistent link: https://www.econbiz.de/10011881574
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What factors influence firm perceptions of labour market constraints to growth in the MENA region?
Fakih, Ali; Ghazalian, Pascal L. - 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/10011347186
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Completing the monetary union of Europe as mid-term solution of the Euro crisis
Fischer, Justina A. V.; Pastore, Francesco - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
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Effectives of monetary policy under the high and low economic uncertainty states: evidence from the major Asian economies
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2021
This study examines the monetary policy effectiveness of five major Asian countries (China, Hong Kong, India, Japan, and South Korea) using a quantile vector autoregression (QVAR) model-based spillover estimation approach of Balcilar et al. (2020b) at different quantile paths. To do this, we...
Persistent link: https://www.econbiz.de/10012549189
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The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
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Growth with equity : income inequality in Vietnam, 2002-14
Benjamin, Dwayne; Brandt, Loren; McCaig, Brian - 2016
We use the 2002 through 2014 Vietnam Household Living Standards Surveys to construct comparable measures of household … growth been distributed; and do changes in the structure of the economy map into changes in inequality? We explore dimensions …
Persistent link: https://www.econbiz.de/10011594144
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Rapid economic growth but rising poverty segregation : will Vietnam meet the SDGs for equitable development?
Dang, Hai-Anh H.; Dhongde, Shatakshee; Minh Do; Cuong … - 2023
Vietnam is widely regarded as a success story for its impressive economic growth and poverty reduction in the last few … extensive province-level data from the Vietnam Household Living Standards Surveys (VHLSSs) for every alternate year between 2002 … suggest that policy makers in Vietnam should focus on reducing spatial disparities and income inequality in order to attain …
Persistent link: https://www.econbiz.de/10013540743