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Persistent link: https://www.econbiz.de/10010523331
"The paper tests three hypotheses about the causes of unemployment in the Central-East European transition economies … and in a benchmark market economy (Western part of Germany). The first hypothesis (H1) is that unemployment is caused by … inefficient matching. Hypothesis 2 (H2) is that unemployment is caused by low demand. Hypothesis 3 (H3) is that restructuring is …
Persistent link: https://www.econbiz.de/10011394104
"The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
Persistent link: https://www.econbiz.de/10010522058
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"The authors explore the relationship between fiscal rules and capital budgeting. The current budgetary approach to limit deficits to a fixed portion of GDP or to balance budgets could undermine incentives to invest in public capital with long-run returns since politicians concerned about...
Persistent link: https://www.econbiz.de/10010522200
"This paper discusses trends in fiscal adjustment in Brazil since the 1990s, with particular emphasis on the strengthening of institutions for fiscal policymaking, and its effect on local government finances and their ability to invest in infrastructure building and upgrading. Although fiscal...
Persistent link: https://www.econbiz.de/10010522248
"In this paper, the authors use a highly disaggregate general equilibrium model to analyze the feasibility of a wage subsidy to unskilled workers in South Africa, isolating and estimating its potential employment effects and fiscal cost. They capture the structural characteristics of the labor...
Persistent link: https://www.econbiz.de/10011394165
macroeconomic, education, and social protection policies have on the dynamics of employment and unemployment by skill level. The … positive assumptions regarding economic growth, unemployment rates are likely to remain close to current levels in the next …
Persistent link: https://www.econbiz.de/10010521078