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The Decreasing Returns on Working Time : An Empirical Analysis on Panel Country Data

Cette, Gilbert - 2011

An empirical analysis is conducted on two panels of 18 OECD countries to test whether the elasticity of hourly productivity to working time is negative and decreasing with working time itself. If so, the decreasing returns on working time could be indicative of a fatigue effect that increases...

Persistent link: https://www.econbiz.de/10013131120

Long-term Growth Impact of Climate Change and Policies : The Advanced Climate Change Long-term (ACCL) Scenario Building Model

Alestra, Claire - 2020

This paper provides a tool to build climate change scenarios to forecast Gross Domestic Product (GDP), modelling both GDP damage due to climate change and the GDP impact of mitigating measures. It adopts a supply-side, long-term view, with 2060 and 2100 horizons. It is a global projection tool...

Persistent link: https://www.econbiz.de/10012837786

Long-Term Growth and Productivity Projections in Advanced Countries

Cette, Gilbert - 2017

shocks, for different speeds of regulation and education convergence, with endogenous capital growth and TFP convergence … or secular stagnation with those of regulation and education convergence or of absence of reforms. Over the 2015 … implementation of regulation reforms, the increase in education and on the distance to the country-specific convergence target …

Persistent link: https://www.econbiz.de/10012964845

The Long Landing Scenario : Rebalancing from Overinvestment and Excessive Credit Growth. Implications for Potential Growth in China

Albert, Marie; Jude, Cristina; Rebillard, Cyril - 2015

After three decades of rapid growth, the Chinese economy has been slowing; at the same time, concerns about the sustainability of its growth model are mounting, calling for urgent rebalancing. This paper provides an assessment of how, and to what extent, the rebalancing process may impact...

Persistent link: https://www.econbiz.de/10014132774

Fiscal Policy in a Tractable Liquidity-Constrained Economy

Challe, Edouard - 2010

In this paper, we analyse the effects of transitory fiscal expansions when public debt is used as liquidity by the private sector. Aggregate shocks are introduced into a tractable flexible-price, incomplete-market economy where heterogenous, infinitely-lived agents face occasionally binding...

Persistent link: https://www.econbiz.de/10013136914

Insulation Impossible : Monetary Policy and Regional Fiscal Spillovers in a Federation

Cooper, Russell - 2010

This paper studies the effects of monetary policy rules in a fiscal federation, such as the European Union. The focus of the analysis is the interaction between the fiscal policy of member countries (regions) and the monetary authority. Each of the countries structures its fiscal policy...

Persistent link: https://www.econbiz.de/10013137047

Monetary Rules and the Spillover of Regional Fiscal Policies in a Federation

Cooper, Russell - 2010

Persistent link: https://www.econbiz.de/10013138210

Are the Effects of Fiscal Changes Different in Times of Crisis and Non-Crisis? The French Case

Bouthevillain, Carine - 2010

This paper shows that the impact of changes in budgetary variables on major macroeconomic variables varies in sign and magnitude in times of crisis and non-crisis in France. We find that these nonlinearities are both frequent (as they exist on all behaviors analyzed: real GDP, private...

Persistent link: https://www.econbiz.de/10013139576

A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers

Fève, Patrick - 2012

This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic Stochastic General Equilibrium context. We stress a potential source of bias in the GSM arising from the combination of Edgeworth complementarity/substitutability between private...

Persistent link: https://www.econbiz.de/10013106526

How Does Fiscal Consolidation Impact on Income Inequality?

Agnello, Luca - 2012

In this paper, we assess the impact of fiscal consolidation on income inequality. Using a panel of 18 industrialized countries from 1978 to 2009, we find that income inequality significantly rises during periods of fiscal consolidation. In addition, while fiscal policy that is driven by spending...

Persistent link: https://www.econbiz.de/10013106530