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A Micro Data Approach to the Identification of Credit Crunches

Rottmann, Horst; Wollmershäuser, Timo - CESifo - 2010

This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms’ assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...

Persistent link: https://www.econbiz.de/10008498992

Will Stability Last?

Martin, William; Rowthorn, Robert - CESifo - 2004

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic …

Persistent link: https://www.econbiz.de/10005766258

The UK's Privatisation Experiment: The Passage of Time Permits a Sober Assessment

Parker, David - CESifo - 2004

This chapter looks at the UK’s privatisation experiment, which began from the late 1970s. It considers the background … to the UK’s privatisations, which industries were privatised and how, and summarises the results of studies of … performance changes in privatised companies in the UK. It looks at the relative roles of competition, regulation and ownership …

Persistent link: https://www.econbiz.de/10005405848

Privatisation Policy in Spain: Stuck Between Liberalisation and the Protection of Nationals’ Interests

Arocena, Pablo - CESifo - 2004

This paper carries out an overview of the recent history of privatisation in Spain. At this point, the paper focuses on …

Persistent link: https://www.econbiz.de/10005196308

The Actuarial Balance Sheet for Pay-As-You-Go Finance: Solvency Indicators for Spain and Sweden

Boado-Penas, Maria del Carmen; Valdés-Prieto, Salvador; … - CESifo - 2008

This paper provides the first estimate of the actuarial balance of the Spanish contributory pension system for the old age contingency, based on official data. The novel entry in the balance sheet, named “Contribution Asset” or “Hidden Asset”, is at the centre of the theoretical...

Persistent link: https://www.econbiz.de/10005405839

Debt Sustainability in the Case of External Debt. An Analysis Based on Italy's Treasury Auctions

Cafiso, Gianluca - CESifo - 2014

empirical and considers the case of Italy, one of the world’s largest debt issuer. We study the potential effects on the …

Persistent link: https://www.econbiz.de/10010948904

Kind of Black: The Musicians' Labour Market in Italy

Balestrino, Alessandro - CESifo - 2009

It is estimated that only 5% of musicians in Italy are regularly employed. In an attempt at understanding such a … musicians and discourages talented agents from becoming full-time musicians in all second-best economies. In Italy both …

Persistent link: https://www.econbiz.de/10005013948

Fiscal Reforms during Fiscal Consolidation: The Case of Italy

Arachi, Giampaolo; Bucci, Valeria; Longobardi, Ernesto; … - CESifo - 2012

In this paper we aim to discuss the strengths and weaknesses of the fiscal consolidation package adopted recently by the Italian Government in order to achieve a balanced budget by 2013. Revenues are forecasted to increase by more than 3.3 GDP percentage points; these stem mostly from indirect...

Persistent link: https://www.econbiz.de/10009651857

Labor Taxes and Wages: Evidence from Italy

Brunello, Giorgio; Parisi, Maria Laura; Sonedda, Daniela - CESifo - 2002

We study the empirical relationship between labor taxation and pretax wages in Italy. We find that higher tax …

Persistent link: https://www.econbiz.de/10005051515

Off-Shoring and Productivity Growth in the Italian Manufacturing Industries

Daveri, Francesco; Jona-Lasinio, Cecilia - CESifo - 2008

We study the relation between the off-shoring of intermediates and services and productivity growth in the Italian manufacturing industries in 1995-2003. Our results indicate that the off-shoring of intermediates within the same industry (“narrow off-shoring”) is beneficial for productivity...

Persistent link: https://www.econbiz.de/10005181530