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Explaining Youth Labour Market Problems In Spain: Crowding-Out, Institutions, Or Technology Shifts?

Dolado, Juan J.; Felgueroso, Florentino; Jimeno, Juan F - C.E.P.R. Discussion Papers - 2000

This paper examines the empirical evidence regarding the poor performance of the youth labour market in Spain over the last two decades, which entails very high unemployment for both higher and lower educated workers, symptoms of over-education, and low intensity of on-the-job training. It also...

Persistent link: https://www.econbiz.de/10005136544

Credit Rationing and Crowding-Out During the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862

Temin, Peter; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2004

-out hypothesis. Using a unique set of observations on lending volume at a London goldsmith bank, Hoare’s, we document the impact of …

Persistent link: https://www.econbiz.de/10005504267

The Choice of Honesty: An Experiment Regarding Heterogeneous Responses to Situational Social Norms

Gibson, Rajna; Tanner, Carmen; Wagner, Alexander F - C.E.P.R. Discussion Papers - 2014

We conduct a laboratory experiment in which we expose participants to situational social norms of approval or disapproval of lying. While participants on average conform to the situational pressure, the results highlight important differences in individual reactions. Situational norms crowd out...

Persistent link: https://www.econbiz.de/10011145452

Do Public Health Interventions Crowd Out Private Health Investments? Malaria Control Policies in Eritrea

Carneiro, Pedro; Ghebremeskel, Tewolde; Keating, Joseph; … - C.E.P.R. Discussion Papers - 2012

It is often argued that engaging in indoor residual spraying (IRS) in areas with high coverage of mosquito bed nets may discourage net ownership and use. This is just a case of a public program inducing perverse incentives. We analyze new data from a randomized control trial conducted in Eritrea...

Persistent link: https://www.econbiz.de/10011083460

Government Spending Shocks in Open Economy VARs

Forni, Mario; Gambetti, Luca - C.E.P.R. Discussion Papers - 2014

We identify government spending news and surprise shocks using a novel identification based on the Survey of Professional Forecasters. News shocks lead to an increase of the interest rate, a real appreciation of US dollar and a worsening of the trade balance. The opposite is found for the...

Persistent link: https://www.econbiz.de/10011083743

Brazilian Debt: A Requiem for Muddling Through

Cardoso, Eliana; Dornbusch, Rudiger - C.E.P.R. Discussion Papers - 1988

This paper investigates the roles played by the global macroeconomic environment and by Brazilian policy in shaping the Brazilian debt crisis, and assesses the prospects for Brazil's sovereign debt after five years of the `muddling-through' strategy. We first examine Brazilian debt from a...

Persistent link: https://www.econbiz.de/10005662401

Keynesian government spending multipliers and spillovers in the euro area

Cwik, Tobias; Wieland, Volker - C.E.P.R. Discussion Papers - 2009

The global financial crisis has lead to a renewed interest in discretionary fiscal stimulus. Advocates of discretionary measures emphasize that government spending can stimulate additional private spending --- the so-called Keynesian multiplier effect. Thus, we investigate whether the...

Persistent link: https://www.econbiz.de/10004964423

Demand-Driven Financial Development

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1995

The historical record suggests that economic development is associated with the rise of the financial sector. This rise is often triggered by exogenous events such as large budget deficits generated by wars or the availability of large investment projects such as railroads. This paper discusses...

Persistent link: https://www.econbiz.de/10005789013

A Matching Model of Crowding-Out and On-the-Job Search (with an Application to Spain)

Dolado, Juan J.; Jansen, Marcel; Jimeno, Juan F - C.E.P.R. Discussion Papers - 2002

This Paper considers a matching model of heterogeneous workers and jobs, which includes on-the-job search. High-educated workers transitorily accept unskilled jobs and continue to search for skilled jobs. We study the implications of this model for the unemployment rates of high and low-educated...

Persistent link: https://www.econbiz.de/10005791697

Moral and Social Constraints to Strategic Default on Mortgages

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2009

We use survey data to study American households’ propensity to default when the value of their mortgage exceeds the … value of their house even if they can afford to pay their mortgage (strategic default). We find that 26% of the existing … the house. Yet, 17% of households would default, even if they can afford to pay their mortgage, when the equity shortfall …

Persistent link: https://www.econbiz.de/10005039578