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Financial Globalization and the Welfare State
Razin, Assaf - 2018
There is strong evidence from the launch of the single financial market in Europe on the interactions among financial … globalization, international tax competition, and the fading generosity of the welfare state. Financial globalization triggers a … key mechanism which links financial globalization to redistribution policy, this paper develops a stripped-down model …
Persistent link: https://www.econbiz.de/10012452967
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Might Global Uncertainty Promote International Trade?
Baley, Isaac - 2019
nature where consumption is most valuable. Trade creates value, in part, by offering a mechanism to share risk and risk …
Persistent link: https://www.econbiz.de/10012479559
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Risk, Volatility, and the Global Cross-Section of Growth Rates
Burnside, Craig - 2009
We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and significant correlation between individual country growth rates and global factors that are arguably exogenous with respect to their economies. The amount of volatility driven by these...
Persistent link: https://www.econbiz.de/10012463424
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Uncertainty, Climate Change and the Global Economy
von Below, David - 2008
The paper illustrates how one may assess our comprehensive uncertainty about the various relations in the entire chain from human activity to climate change. Using a modified version of the RICE model of the global economy and climate, we perform Monte Carlo simulations, where full sets of...
Persistent link: https://www.econbiz.de/10012464221
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Global Macro Risks in Currency Excess Returns
Berg, Kimberly A. - 2017
global macroeconomic fundamental risk. The risk factor is the cross-country high-minus-low conditional skewness of the …
Persistent link: https://www.econbiz.de/10012453947
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An Index of Global Economic Policy Uncertainty
Davis, Steven J. - 2016
Building on Baker, Bloom and Davis (2016), I construct a monthly index of Global Economic Policy Uncertainty (GEPU) from January 1997. The GEPU Index is a GDP-weighted average of national EPU indices for 16 countries that account for two-thirds of global output. Each national EPU index reflects...
Persistent link: https://www.econbiz.de/10012455940
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Ageing and Welfare-State Policy : Macroeconomic Perspective
Razin, Asaf; Schwemmer, Alexander H. - National Bureau of Economic Research - 2022
It has been well recognized that population ageing could generate structural changes centered around the dwindling labor force, on one hand, and the expanding dependency on the generosity of the welfare state, on the other hand. Ageing-related welfare state policy entails both fiscal issues and...
Persistent link: https://www.econbiz.de/10012814475
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The Welfare Magnet Hypothesis : Evidence From an Immigrant Welfare Scheme in Denmark
Agersnap, Ole - 2019
We study the effects of welfare generosity on international migration using reforms of immigrant welfare benefits in Denmark. The first reform, implemented in 2002, lowered benefits for non-EU immigrants by about 50%, with no changes for natives or EU immigrants. The policy was later repealed...
Persistent link: https://www.econbiz.de/10012480397
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Public Economics and Inequality : Uncovering Our Social Nature
Saez, Emmanuel - National Bureau of Economic Research - 2021
This paper argues that the social nature of humans, absent from the standard economic model, is crucial to understand our large modern social states and why concerns about inequality are so pervasive. A social solution arises when a situation is resolved at the group level (rather than the...
Persistent link: https://www.econbiz.de/10012482605
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Why the Welfare State Looks Like a Free Lunch
Lindert, Peter H. - 2003
practiced by real-world welfare states. Second, better tests confirm that the usually imagined costs would be felt only if …
Persistent link: https://www.econbiz.de/10012468828