Showing 1 - 10 of 164
The development of the unemployment rate differs substantially between OECD countries. In recent years some countries have experienced a mild increase, other countries have had a stable unemployment rate, while there are also ‘successful’ countries in which the unemployment rate has...
Persistent link: https://www.econbiz.de/10005123659
This paper studies whether the dynamic behaviour of GNP growth, unemployment and inflation is systematically affected by the timing of elections and changes of government. The sample includes the last three decades in 18 OECD economies. We test explicitly the implications of several models of...
Persistent link: https://www.econbiz.de/10005067672
: 1) the World Trade Organization (WTO) and its predecessor the Generalized Agreement on Tariffs and Trade (GATT); 2) the …
Persistent link: https://www.econbiz.de/10005504751
The development of the seven main OECD economies during the 1970s and 1980s is discussed. Subsequently, wage equations of the error-correction type for the seven largest OECD economies are estimated. The hypothesis of real wage rigidity cannot be rejected for the French, German, Italian and...
Persistent link: https://www.econbiz.de/10005281284
-nineteenth century, World War I brought a major setback. The post-war recovery up to 1929 was followed by a dramatic decline in the 1930s … and significant progress took place during the Golden Age but fell short from the pre-World War I peak. A steady expansion …
Persistent link: https://www.econbiz.de/10011083985
We explore how fiscal policies in the OECD have responded to unexpected information about the economy during the period 1995-2006. In particular, we first estimate standard fiscal rules using ex-ante data (i.e. forecasts). We then estimate how fiscal policy reacts to new information, especially...
Persistent link: https://www.econbiz.de/10005791832
In situations where a sequence of forecasts is observed, a common strategy is to examine ‘rationality’ conditional on a given loss function. We examine this from a different perspective - supposing that we have a family of loss functions indexed by unknown shape parameters, then given the...
Persistent link: https://www.econbiz.de/10005791975
world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists …, by allowing clean countries to become net importers of emissions, leads to a 10% increase in world emissions with respect … emissions related to transport are of smaller magnitude, roughly 3% in both periods. In a third exercise, we use linear …
Persistent link: https://www.econbiz.de/10005504371
factors – in terms of transport and information – explain behaviour of different components. Previous analyses should be …
Persistent link: https://www.econbiz.de/10011084541
We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...
Persistent link: https://www.econbiz.de/10011262883