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Do workers really benefit from their social networks?

Fontaine, Francois - EconWPA - 2003

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

Persistent link: https://www.econbiz.de/10005412695

ASYMMETRY, PERSISTENCE AND NON-LINEARITY OF SPANISH UNEMPLOYMENT RATES

Garcia, Jose Maria Casado; Bielsa, Javier Trivez - EconWPA - 2004

Spanish unemployment, focusing on demonstrating its long memory and generating macro-economic models with autoregressive … vectors in which the unemployment variable is presumed to be non-stationary and co-integrated. Its consideration in this … suppose, the same as Skalin and Teräsvirta (2002), a behaviour for unemployment which is locally non-stationary in a globally …

Persistent link: https://www.econbiz.de/10005119367

Aging, Labor Markets and Pension Reform in Austria

Christian, Keuschnigg; Mirela, Keuschnigg - EconWPA - 2004

unemployment. The public sector is decomposed into general government and an unfunded pension system with a tax benefit linkage … effects. They strengthen labor supply both in terms of job search intensity, leading to lower unemployment rates, and hours …

Persistent link: https://www.econbiz.de/10005125671

Tax Burden and the Mismeasurement of State Tax Policy

Reed, W. Robert; Rogers, Cynthia L. - EconWPA - 2005

Tax Burden, defined as the ratio of total tax revenues over personal income, is prominently used to summarize state tax policy. We analyze the empirical relationship between changes in Tax Burden and changes in state tax policy from 1987 to 2000 – as measured by states’ own forecasts of the...

Persistent link: https://www.econbiz.de/10005556950

The short-term impact of government budgets on prices Evidence from macroeconometric models

henry, jerome; momigliano, sandro; cos, pablo hernandez de - EconWPA - 2005

This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses it against new results from harmonised simulations, conducted with six well-established econometric models used by the ECB and five national central banks (NCBs) of the...

Persistent link: https://www.econbiz.de/10005561299

Government size and output volatility: is there a relationship?

Virén, Matti - EconWPA - 2005

larger World Bank data set covering up to 208 countries for the period 1960–2002. We also seek to utilise some time series …

Persistent link: https://www.econbiz.de/10005125003

A Simple Proposal for a 'Debt-Sensitive Stability Pact'

Saraceno, Francesco; Monperrus-Veroni, Paola - EconWPA - 2004

The main rationale for fiscal policy rules is the concern for long term sustainability of public finances, that in a monetary union may affect the other members. Among many other criticisms, the Stability and Growth Pact (SGP) has been seen as contradictory or incomplete because it focuses on...

Persistent link: https://www.econbiz.de/10005125005

Guidelines for sustained growth in the EU? The concept and consequences of the Broad Economic Policy Guidelines

Hein, Eckhard; Niechoj, Torsten - EconWPA - 2005

1990s. However, this concept has not been able to generate sustained growth and low unemployment in the EU as a whole …

Persistent link: https://www.econbiz.de/10005126214

Macroeconomic Policy in a Real Business Cycle Model with Money

Chen, Shiu-Sheng - EconWPA - 2002

This paper examines the impact of macroeconomic policy shocks in a Real- Business-Cycle Model with money. In addition to technology shocks, I include government consumption, government investment, tax rate and monetary policy as sources of random disturbances. Money is introduced in a...

Persistent link: https://www.econbiz.de/10005126437

The Case for Fiscal Policy

Arestis, Philip; Sawyer, Malcolm - EconWPA - 2003

This paper reconsiders the case for the use of fiscal policy based on a "functional finance" approach that advocates the use of fiscal policy to secure high levels of demand in the context of private aggregate demand, which would otherwise be too low. This "functional finance" view means that...

Persistent link: https://www.econbiz.de/10005408077