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Economic precariousness : a new channel in the housing market cycle

Arestis, Philip; Gonzales-Martinez, Ana Rosa - 2017

-taken to support the hypothesis that high rates of homeownership lead to high unemploy-ment via increases in the reservation …

Persistent link: https://www.econbiz.de/10011924575

Capital shortage unemployment in Germany and the UK

Arestis, Philip; Biefang-Frisancho Mariscal, Iris; … - 1998

Persistent link: https://www.econbiz.de/10003958357

Capital Shortages and Asymmetries in UK Unemployment

Arestis, Philip; Mariscal, Iris Biefang-Frisancho - 1998

The persistence of high unemployment has been one of the most puzzling developments of the past twenty years or so. In … the UK, unemployment averaged 2.1% between 1966 and 1973, and since 1974 it has risen to an average of 7.5%. The … prevailing view of the persistence of unemployment and of the continuous rise in the NAIRU is that explanations and solutions can …

Persistent link: https://www.econbiz.de/10014073940

Reasserting the Role of Keynesian Policies for the New Millennium

Arestis, Philip; Sawyer, Malcolm C. - 1998

It is often asserted that, whatever role Keynesian policies may have played in underpinning the long post-war boom, those policies are no longer relevant. In contrast this paper seeks to reassert the need for Keynesian policies in order to secure full employment. In doing so, as will be seen...

Persistent link: https://www.econbiz.de/10014075817

Fiscal policy, housing and stock prices

Afonso, António; Sousa, Ricardo M. - 2009

This paper investigates the link between fiscal policy shocks and movements in asset markets using a Fully Simultaneous System approach in a Bayesian framework. Building on the works of Blanchard and Perotti (2002), Leeper and Zha (2003), and Sims and Zha (1999, 2006), the empirical evidence for...

Persistent link: https://www.econbiz.de/10011605036

The macroeconomic effects of fiscal policy

Afonso, António; Sousa, Ricardo M. - 2009

We investigate the macroeconomic effects of fiscal policy using a Bayesian Structural Vector Autoregression approach. We build on a recursive identification scheme, but we: (i) include the feedback from government debt (ii); look at the impact on the composition of output; (iii) assess the...

Persistent link: https://www.econbiz.de/10011605037

Fiscal developments and financial stress : a threshold VAR analysis

Afonso, António; Baxa, Jaromír; Slavík, Michal - 2011

We use a threshold VAR analysis to study whether the effects of fiscal policy on economic activity differ depending on financial market conditions. In particular, we investigate the possibility of a non-linear propagation of fiscal developments according to different financial market stress...

Persistent link: https://www.econbiz.de/10009152600

Fiscal regimes in the EU

Afonso, António; Toffano, Priscilla - 2013

Persistent link: https://www.econbiz.de/10009734025

Fiscal regimes in the EU

Afonso, António; Toffano, Priscilla - 2013

Persistent link: https://www.econbiz.de/10011559548

Fiscal developments and financial stress : a threshold VAR analysis

Afonso, António; Baxa, Jaromír; Slavík, Michal - 2011

Persistent link: https://www.econbiz.de/10011564857