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This paper examines the heavily supported Swiss food and agriculture sector. It reviews some of the key features and … trends in the sector and reveals its low relative labour productivity in international comparison. It describes the existing …
Persistent link: https://www.econbiz.de/10011277001
Monetary and fiscal policies face huge challenges: the banking sector has collapsed; the economy is in the midst of a deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen; source of revenues have disappeared; social needs have...
Persistent link: https://www.econbiz.de/10008498025
can have substantial negative effects on the economy, for instance by increasing the level and volatility of real house …
Persistent link: https://www.econbiz.de/10008799708
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...
Persistent link: https://www.econbiz.de/10011276723
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...
Persistent link: https://www.econbiz.de/10011276802
The decline in macroeconomic volatility from the 1980s to the onset of the Great Recession did not, in general …, translate into more microeconomic stability. While microeconomic volatility can reflect growth-generating processes, such as … creative destruction and re-allocation of resources, consumption growth volatility weighs on households’ welfare. This study …
Persistent link: https://www.econbiz.de/10011276850
The crisis revealed the need for a strategic review of the existing social protection system in Estonia. Extreme income fluctuations on one side and low social benefits on the other side exposed fragile groups in the population to a significant poverty risk. The government has recently...
Persistent link: https://www.econbiz.de/10011276944
market play for productivity and firm dynamics. It exploits a new firm-level database for ten OECD countries and industry … and labour markets. Aggregate productivity patterns are largely the result of within-firm performance. But, the … play an important role. Industry productivity performance is negatively affected by strict product market regulations …
Persistent link: https://www.econbiz.de/10005045611
the case of Japan the gap in GDP per capita is essentially due to the lagging performance in labour productivity, the …
Persistent link: https://www.econbiz.de/10005045617
reduce productivity growth by reducing entrepreneurial activity. While the paper focuses on how taxes affect growth, it …
Persistent link: https://www.econbiz.de/10005045631