Showing 1 - 10 of 261
This paper examines the endogeneity of several structural variables which enter unemployment rate equations—the generosity of unemployment benefits, nonwage labor costs, the relative minimum wage, and the degree of unionization. It finds evidence of reverse causality for these structural...
Persistent link: https://www.econbiz.de/10014396024
The paper evaluates whether a monetary aggregate can serve as a useful predictor of inflation, using recent developments in the principle of cointegrated variables. M2 but not M1 is cointegrated with relevant price, transactions, and rate of return variables. However, deviations of M2 from its...
Persistent link: https://www.econbiz.de/10014395786
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...
Persistent link: https://www.econbiz.de/10014399916
The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in...
Persistent link: https://www.econbiz.de/10014400085
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...
Persistent link: https://www.econbiz.de/10014400163
This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as large an effect on employment as untargeted reductions...
Persistent link: https://www.econbiz.de/10014401626
agreement with the Government of Canada (Canada), and has entered into amendments to the 2010 borrowing agreement with De … with Canada and the amendments to the borrowing agreements with The Netherlands and Korea will each provide new resources …
Persistent link: https://www.econbiz.de/10014408742
Canada and the Fund. The Government of Canada announced its willingness to lend up to USD 10 billion to the Fund to support …
Persistent link: https://www.econbiz.de/10014410267
This Selected Issues paper for Canada presents comprehensive and broad-based analysis of the role of domestic and … external shocks. Canada’s economic history illustrates the important role played by external as well as domestic macroeconomic … disturbances. Canada’s economy slowed in 2001 because of the global slowdown, although by less than in many other countries. In …
Persistent link: https://www.econbiz.de/10014405847
Canada’s 2005 Article IV Consultation highlights that it has benefited from a strong institutional framework and …, but external developments are creating uncertainties. The Bank of Canada appears to have room to maintain a patient and …
Persistent link: https://www.econbiz.de/10014406019