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Is this all "Greek" in Europe ? Critical evaluation of the Euro zone policy response to debt crises
Ghani, Shazia - HAL - 2011
Eurozone is going though the worst ever crises since the adoption of the common currency in 1999. In the aftermath of financial crises of 2007, many EU government due to their own fragile banking system and imbalance economic structures persued a debt-spending financing which resulted into a...
Persistent link: https://www.econbiz.de/10009368002
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Structural Vulnerability and Excessive Public Indebtedness in CFA Franc Zone Countries
Gnangnon, Sèna Kimm - HAL - 2012
This paper relies on the 'institutional debt rule' implemented in Franc Zone countries to assess whether the structural vulnerability of these countries matter for their probability to enter into excessive indebtedness. This structural vulnerability is measured by retrospective 'Economic...
Persistent link: https://www.econbiz.de/10010587829
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Does Structural Economic Vulnerability Matter for Public Indebtedness in Developing Countries?
Gnangnon, Sèna Kimm - HAL - 2012
In this study, we examine the effect of structural economic vulnerability of developing countries on their public indebtedness. We perform our econometric analysis by relying on 96 developing countries over the period 1980-2008. The results suggest evidence of a "U-shaped" relationship between...
Persistent link: https://www.econbiz.de/10010587840
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International Reserves versus External Debts : Can International reserves avoid future Financial Crisis in indebted Countries ?
Mansour, Layal - HAL - 2013
The aim of this paper is to evaluate the economic consequences on the countries that on one hand protect themselves from future financial crises by accumulating international reserves (IR) while on the other hand expose themselves to severe financial crisis due to their excessive internal and/or...
Persistent link: https://www.econbiz.de/10010899523
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Economic consequences of the financial crisis - A Keynesian point of view
Asensio, Angel - HAL - 2008
The paper discusses the possible economic consequences of the financial crisis from a (Post)Keynesian point of view. It examines the forthcoming depressive mechanisms, including the orthodox reactions of monetary and fiscal authorities, in the vein of those inferred in Europe by the mandate of...
Persistent link: https://www.econbiz.de/10008794314
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Between the cup and the lip
Asensio, Angel - HAL - 2009
The paper states that, although Post Keynesian interest rules may be feasible and sustainable in favourable circumstances, there is a shared difficulty as for the setting of long-term interest rates in a context of strong uncertainty and shifting liquidity preference. According to Keynes theory...
Persistent link: https://www.econbiz.de/10008794750
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Financial fragility in emerging market countries: Firm balance sheets and the productive structure
Kalantzis, Yannick - HAL - 2005
We build an overlapping generation model to study financial fragility in a two-sector small open economy. Firms are subject to a borrowing constraint and there is a currency mismatch in the balance sheets of the non-tradable sector. As a consequence, at a given point in time, multiple equilibria...
Persistent link: https://www.econbiz.de/10010738789
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Steady-State Labor Supply Elasticities: An International Comparison
Bargain, Olivier; Peichl, Andreas - HAL - 2013
This note provides an extensive survey of studies estimating steady-state labor supply elasticities for Western Europe and the US. Differences are driven by the heterogeneity in work preferences across countries and by methodological difference across studies (data, selection or model estimation...
Persistent link: https://www.econbiz.de/10010933859
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Comparing Labor Supply Elasticities in Europe and the US: New Results
Bargain, Olivier; Orsini, Kristian; Peichl, Andreas - HAL - 2012
We suggest the first large-scale international comparison of labor supply elasticities for 17 European countries and the US, separately by gender and marital status, with measurement differences netted out by using a harmonized empirical approach and comparable data sources. We find that...
Persistent link: https://www.econbiz.de/10010933900
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Estimating the functional form of road traffic maturity
Nunez, Antonio - HAL - 2008
-term forecasts, due to constant elasticity to gross domestic product these models assume. In this paper we argue that traffic … maturity results from decreasing marginal utility of transport. The elasticity of individual mobility with respect to the … revenue tends to decrease when the level of mobility increases. In order to find evidences of decreasing elasticity we analyse …
Persistent link: https://www.econbiz.de/10008790680