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A Model of an Optimum Currency Area
Ricci, Luca Antonio - Institut für Weltwirtschaft (IfW) - 2007
This paper develops a model of the circumstances under which it is beneficial to participate in a currency area. The proposed two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of...
Persistent link: https://www.econbiz.de/10005083391
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Equity market liberalization, credit constraints and income inequality
Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012
This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...
Persistent link: https://www.econbiz.de/10010956105
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The sensitivity of distributional measures to the reference period of income
Schröder, Carsten - Institut für Weltwirtschaft (IfW) - 2012
shape of the distribution and derived measures of inequality, poverty, and mobility. Using employment histories of German …
Persistent link: https://www.econbiz.de/10010886845
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Boats and tides and "Trickle Down" theories: What economists presume about wellbeing when they employ stochastic process theory in modeling behavior
Anderson, Gordon - Institut für Weltwirtschaft (IfW) - 2012
. Various forms of poverty, inequality, polarization and income mobility structures are considered and much of the conventional …
Persistent link: https://www.econbiz.de/10010956065
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Global Income Distribution and Poverty: Implications from the IPCC SRES Scenarios
Calzadilla, Alvaro - Institut für Weltwirtschaft (IfW) - 2010
poverty module (GlobPov), we assess the implication of the IPCC SRES scenarios on global poverty and inequality. We find that … global poverty and inequality measures are sensitive to the downscaling methodology used. Our results show that future … economic growth is crucial for poverty reduction. Higher per capita incomes tend to favour poverty reduction, while higher …
Persistent link: https://www.econbiz.de/10008740518
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China ; Understanding a New Global Economic Player
Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2006
the two driving forces of the growth process. FDI plays an important role. However, property rights, a crucial element in …
Persistent link: https://www.econbiz.de/10005700542
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Exchange Rate Policy in a Dollarized Economy: A CGE Analysis for Bolivia
Schweickert, Rainer; Thiele, Rainer; Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2005
reduces the poverty effect of the external shock. Even the significant short-run macroeconomic expansion that occurs without … wage indexation does not translate into significant poverty alleviation, which is due to the fact that the real value of …
Persistent link: https://www.econbiz.de/10010886975
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Financial liberalization, financial development and productivity growth: An overview
Gehringer, Agnieszka - Institut für Weltwirtschaft (IfW) - 2013
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and empirical literature, there is no consensus regarding the contribution of financial liberalization and financial development to growth. Focusing on the direct channels of growth, the...
Persistent link: https://www.econbiz.de/10010956114
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The aggregate effects of long run sectoral reallocation
Reicher, Claire - Institut für Weltwirtschaft (IfW) - 2014
falls in the trend employment-population ratio. The recent shift in the Beveridge Curve during the Great Recession is …
Persistent link: https://www.econbiz.de/10010887017
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An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2010
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...
Persistent link: https://www.econbiz.de/10010955922