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Après nous le Déluge: Fertility and the Intensity of Struggle against Immigration
Azarnert, Leonid V. - CESifo - 2010
future, the host countries allocate very limited amounts of resources to the struggle against illegal immigration. The … which the intensity of the struggle against immigration can be related to fertility. The analysis shows that for childless … individuals, who have no reason to care about the future, it is optimal to contribute less to the costly immigration …
Persistent link: https://www.econbiz.de/10008572480
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Increasing Longevity and Social Security Reforms
Andersen, Torben - CESifo - 2006
Increasing longevity causes an upward trend in the dependency ratio in many countries. This raises concerns about the financial sustainability of social security schemes, and reform initiatives and proposals abound. It is shown that a fundamental policy choice inevitably arises since a given...
Persistent link: https://www.econbiz.de/10005094323
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Immigration and Entrepreneurship
Fairlie, Robert W.; Lofstrom, Magnus - CESifo - 2015
is reflected in immigration policies and many developed countries have created special visas and entry requirements in an …
Persistent link: https://www.econbiz.de/10011257678
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The Effect of Shocks to Labour Market Flows on Unemployment and Participation Rates
Dixon, Robert; Lim, Guay C.; Ours, Jan C. van - CESifo - 2014
This paper presents an analysis of labour market dynamics, in particular of flows in the labour market and how they interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market performance. Our analysis has two special features. First,...
Persistent link: https://www.econbiz.de/10010877810
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An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - CESifo - 2012
This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focuses on...
Persistent link: https://www.econbiz.de/10010540249
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Supply, Demand and Monetary Policy Shocks in a Multi-Country New Keynesian Model
Dees, Stephane; Pesaran, M. Hashem; Smith, L. Vanessa; … - CESifo - 2010
This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10008534040
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Strategic Interactions between Fiscal and Monetary Authorities in a Multi-Country New-Keynesian Model of a Monetary Union
Michalak, Tomasz; Engwerda, Jacob; Plasmans, Joseph - CESifo - 2009
In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To this end we propose a multi-country New-Keynesian model of a monetary union cast in the framework of linear quadratic differential games....
Persistent link: https://www.econbiz.de/10005405711
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Generalized Stochastic Gradient Learning
Evans, George W.; Honkapohja, Seppo; Williams, Noah - CESifo - 2005
We study the properties of generalized stochastic gradient (GSG) learning in forward-looking models. We examine how the conditions for stability of standard stochastic gradient (SG) learning both differ from and are related to E-stability, which governs stability under least squares learning. SG...
Persistent link: https://www.econbiz.de/10005406017
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Theory and Practice of GVAR Modeling
Chudik, Alexander; Pesaran, M. Hashem - CESifo - 2014
The Global Vector Autoregressive (GVAR) approach has proven to be a very useful approach to analyze interactions in the global macroeconomy and other data networks where both the cross-section and the time dimensions are large. This paper surveys the latest developments in the GVAR modeling,...
Persistent link: https://www.econbiz.de/10010775094
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Oil Exports and the Iranian Economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - CESifo - 2009
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...
Persistent link: https://www.econbiz.de/10008583685