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Optimal Growth under Flow-Based Collaterals
Onori, Daria - HAL - 2013
Some recent evidence on government finance statistics of European countries suggests that countries with public debt issues also show a low tax revenue-GDP ratio. In this paper we develop a small open economy model of endogenous growth in which the engine of growth is public spending. We assume...
Persistent link: https://www.econbiz.de/10010933922
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External imbalances and collateral constraints in a two-country world
Iliopulos, Eleni - HAL - 2009
In this article, we focus on current account dynamics in large open economies characterized by debt-constrained heterogeneous agents and endogenous monetary policies. We incorporate three key features that have bulked large in the New Open Macroeconomics literature : i) home bias in trade, ii)...
Persistent link: https://www.econbiz.de/10010738501
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Are the antiglobalists right? Gains-from-trade without a walrasian auctioneer
Pardo, Hector Calvo - HAL - 2005
We examine whether the "fear" of globalisation can be rationalised by economic theory. To do so, we depart from the standard AD/AS (partial) equilibrium model where the coordinational role of the Auctioneer is substituted by an implementation device based on learning (Guesnerie, 1992). By...
Persistent link: https://www.econbiz.de/10010739089
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Comparing Inequality Aversion across Countries When Labor Supply Responses Differ
Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - HAL - 2013
margins for 17 EU countries and the US. Using the same data, inequality aversion is measured as the degree of redistribution …
Persistent link: https://www.econbiz.de/10010933830
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Trust and the Welfare State: The Twin Peaks Curve
Algan, Yann; Cahuc, Pierre; Sangnier, Marc - HAL - 2014
We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two opposing forces. Uncivic people support large welfare states because they expect to benefit from them without bearing their costs. But civic individuals support generous benefits...
Persistent link: https://www.econbiz.de/10010933915
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Living in the garden of Eden: Mineral resources foster individualism
Couttenier, Mathieu; Sangnier, Marc - HAL - 2010
. Measuring individualism and the demand for redistribution by questions of the General Social Survey (GSS), we show that: (i …) individuals living in states with mineral resources are more individualistic and support less redistribution by the government … ; (ii) the higher the number of mines in a states, the lower the support for governmental redistribution and the higher the …
Persistent link: https://www.econbiz.de/10010930183
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Compensating the dead? Yes we can!
Fleurbaey, Marc; Leroux, Marie-Louise; Ponthière, Grégory - HAL - 2010
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...
Persistent link: https://www.econbiz.de/10010930209
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How does party fractionalization convey preferences for redistribution in parliamentary democracies?
Amable, Bruno; Gatti, Donatella; Guillaud, Elvire - HAL - 2008
In this paper, we highlight the link between the political demand and social policy outcome while taking into account the design of the party system. The political demand is measured by individual preferences and the design of the party system is defined as the extent of party fractionalization....
Persistent link: https://www.econbiz.de/10010930221
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The political economy of job protection and income redistribution
Amable, Bruno; Gatti, Donatella - HAL - 2005
alternative institutional options: the degree of labour market flexibility and the intensity of redistribution. We show that the … (positive flexibility versus positive redistribution). …
Persistent link: https://www.econbiz.de/10010930237
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Living in the garden of Eden: Mineral resources foster individualism
Couttenier, Mathieu; Sangnier, Marc - HAL - 2010
. Measuring individualism and the demand for redistribution by questions of the General Social Survey (GSS), we show that: (i …) individuals living in states with mineral resources are more individualistic and support less redistribution by the government … ; (ii) the higher the number of mines in a states, the lower the support for governmental redistribution and the higher the …
Persistent link: https://www.econbiz.de/10009325722