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Terms of trade shocks and the non monotonic adjustment of the current account
Cardi, Olivier - HAL - 2011
This paper investigates both the dynamic and steady-state effects of unanticipated permanent and temporary terms of trade shocks within a two-good small open economy with habit formation and capital adjustment costs. A permanent terms of trade worsening induces a deficit-surplus current account...
Persistent link: https://www.econbiz.de/10008855578
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Habit Formation and Fiscal Transmission in Open Economies
Cardi, Olivier; Muller, Gernot J. - HAL - 2010
In this paper we analyze the ability of an open economy version of the neoclassical model to account for the time-series evidence on fiscal policy transmission. In a first step, we identify government spending shocks within a vector autoregression model. We find that i) government spending...
Persistent link: https://www.econbiz.de/10008793608
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Habit persistence and effectiveness of fiscal policy in an open economy
Cardi, Olivier - HAL - 2009
An open economy version of the Baxter and King's [1993] model is constructed with habit formation to investigate the dynamic and steady-state effects of an expansionary budget policy. In line with empirical evidence, consumption is weakly responsive, investment is crowded out, the drop in...
Persistent link: https://www.econbiz.de/10008793996
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A note on the crowding-out of investment by public spending
Cardi, Olivier - HAL - 2009
One of the most prominent and consistent findings of the recent empirical literature on fiscal policy is that investment expenditure is crowded-out by public spending in the short-run. In this contribution, we address this empirical fact using a dynamic general equilibrium model and show that...
Persistent link: https://www.econbiz.de/10008794054
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La consolidation des co-entreprises en IFRS : étude de l'impact du changement de méthodes pour les sociétés européennes
Alexander, David; Delvaille, Pascale; Demerens, Frédéric - HAL - 2012
La nouvelle norme IFRS 11 impose l'utilisation de la mise en équivalence, contrairement à l'ancienne norme IAS 31 et aux pratiques de nombreuses sociétés. Après avoir examiné les éléments conceptuels sous-jacents à la consolidation des contreprises, nous proposons une analyse des...
Persistent link: https://www.econbiz.de/10010820510
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STRATEGIES FOR AND IMPLICATIONS OF THE IFRS FOR SMES IMPLEMENTATION IN EMERGING ECONOMIES
Albu, Nadia; Albu, Catalin Nicolae - HAL - 2012
'implémentation que s'avérait la plus préférable devrait se centrer sur la convergence et la formation continue de la profession comptable …
Persistent link: https://www.econbiz.de/10010820805
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A Model of Influence Based on Aggregation Function
Grabisch, Michel; Rusinowska, Agnieszka - HAL - 2013
for arbitrary aggregation functions. We provide a general analysis of convergence in the aggregation model and find all …
Persistent link: https://www.econbiz.de/10010821523
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The Third sector in Europe; Does it exhibit a converging movement?
Archambault, Edith - HAL - 2009
The European Union in its widening movement shows five clusters of Third sector organisations with complex bonds and ties with the surrounding societies and national identities In introduction, we compare briefly the Europe's Third sector features to North America's ones (Historical and...
Persistent link: https://www.econbiz.de/10010738515
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The convergence process of compulsory schooling in Western Europe: 1950-2000
Murtin, Fabrice; Viarengo, Martina - HAL - 2007
-2000. We show that a convergence process of mandatory years of schooling has occurred across these countries since 1950. We … of compulsory schooling. Then we test whether convergence still holds when one controls for the major three alternative … constraint of governments. Conditional convergence does hold and we find that openness, membership of the European Union …
Persistent link: https://www.econbiz.de/10010738944
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Anonymous social influence
Foerster, Manuel; Grabisch, Michel; Rusinowska, Agnieszka - HAL - 2013
and sufficient condition for convergence to consensus and characterize outcomes where the society ends up polarized. Our …
Persistent link: https://www.econbiz.de/10010775728