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European Integration and Employment: A New Role for Active Fiscal Policies?

Gatti, Donatella - Institute for the Study of Labor (IZA) - 2002

This paper theoretically investigates the impact of European integration on employment by developing a new-keynesian model where fiscal policy effectively reduces firms’ market power. Stronger product market competition is shown to reduce the marginal ability of governments to improve...

Persistent link: https://www.econbiz.de/10005566365

China's High Saving Puzzle

Ma, Guonan; Yang, Dennis T. - Institute for the Study of Labor (IZA) - 2013

jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …

Persistent link: https://www.econbiz.de/10010791521

Aggregate Savings and External Imbalances in China

Yang, Dennis T. - Institute for the Study of Labor (IZA) - 2012

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …

Persistent link: https://www.econbiz.de/10010791526

How Does Globalization Affect the Synchronization of Business Cycles?

Kose, M. Ayhan; Prasad, Eswar E.; Terrones, Marco E. - Institute for the Study of Labor (IZA) - 2003

This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited support for the conventional wisdom that globalization has increased the degree of...

Persistent link: https://www.econbiz.de/10005762165

Identification of New Keynesian Phillips Curves from a Global Perspective

Dees, Stephane; Pesaran, Hashem; Smith, L. Vanessa; … - Institute for the Study of Labor (IZA) - 2008

New Keynesian Phillips Curves (NKPC) have been extensively used in the analysis of monetary policy, but yet there are a number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first is whether such equations are identified. To check...

Persistent link: https://www.econbiz.de/10005763475

Global Business Cycles: Convergence or Decoupling?

Kose, M. Ayhan; Otrok, Christopher; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2008

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups – industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then...

Persistent link: https://www.econbiz.de/10005566406

Reflexionen zur Zukunft der Arbeit

Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2013

Die Erwerbsgesellschaft der Zukunft bietet neben neuen Risiken und neuer Unübersichtlichkeit vor allem vielfältige neue Chancen. Um sie bestmöglich zu nutzen, brauchen Gesellschaft, Wirtschaft und Politik ein neues Denken und Handeln, das die Familienfreundlichkeit der Arbeitswelt viel...

Persistent link: https://www.econbiz.de/10010884061

Financial Globalization and Economic Policies

Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - Institute for the Study of Labor (IZA) - 2009

We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...

Persistent link: https://www.econbiz.de/10005763826

Remittances and the Brain Drain

Faini, Riccardo - Institute for the Study of Labor (IZA) - 2006

In most destination countries, immigration policies are increasingly tilted toward the most skilled individuals. Whether this shift hurts economic prospects in sending countries, as argued by the traditional brain drain literature, is somewhat controversial. The most recent literature has...

Persistent link: https://www.econbiz.de/10005763870

Does the Liberalization of Trade Advance Gender Equality in Schooling and Health?

Schultz, T. Paul - Institute for the Study of Labor (IZA) - 2006

This paper assesses the empirical relationship between the liberalization of international trade and the economic status of women. Although historically globalization is not generally linked to the advancement of women, several recent country studies find export led growth in middle and low...

Persistent link: https://www.econbiz.de/10005762192