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Targeting Social Assistance in a Transition Economy: the Mahallas in Uzbekistan

Coudouel, Aline; Marnie, Sheila; Micklewright, John - C.E.P.R. Discussion Papers - 1999

Falling output and living standards have pushed countries in transition from the socialist system to re-consider how best to target public resources on those in need. The paper investigates the workings of a new social assistance benefit in Uzbekistan, the largest of the former Soviet Central...

Persistent link: https://www.econbiz.de/10005789144

Evaluating the law of one price using micro panel data

Gobillon, Laurent; Guillotreau, Patrice; Wolff, … - C.E.P.R. Discussion Papers - 2013

This paper investigates spatial variations in product prices using an exhaustive micro dataset on fish transactions. The data record all transactions between vessels and wholesalers that occur on local fish markets in France during the year 2007. Spatial disparities in fish prices are sizable,...

Persistent link: https://www.econbiz.de/10011083488

Measuring Top Incomes and lnequality in the Middle East: Data Limitations and Illustration with the Case of Egypt

Alvaredo, Facundo; Piketty, Thomas - C.E.P.R. Discussion Papers - 2014

This paper discusses the data limitations associated with the measurement of top incomes and inequality in the Middle East, with special emphasis to the case of Egypt. It has been noted that high inequality might have contributed to the Arab spring revolt movement. Some studies have argued...

Persistent link: https://www.econbiz.de/10011171781

Working in Public and Private Firms

Corneo, Giacomo; Rob, Rafael - C.E.P.R. Discussion Papers - 2001

We develop a theoretical framework for comparing the style of work in public and private enterprises. We incorporate ‘socializing’, as an activity that yields utility for workers and affects a firm’s output, into a simple multitask model of work organization. In contrast with previous...

Persistent link: https://www.econbiz.de/10005791698

Unemployment and Inflation in Ireland: 1926-2012

Gerlach, Stefan; Lydon, Reamonn; Stuart, Rebecca - C.E.P.R. Discussion Papers - 2015

We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …

Persistent link: https://www.econbiz.de/10011272719

Animal Spirits, Persistent Unemployment and the Belief Function

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2010

This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer’s (2009) model in which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model; the optimizing IS curve and the policy rule. It...

Persistent link: https://www.econbiz.de/10008692320

The Evolution of Aggregate Stock Ownership---A Unified Explanation

Rydqvist, Kristian; Spizman, Joshua; Strebulaev, Ilya - C.E.P.R. Discussion Papers - 2009

Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show that the fraction of household ownership decreases with...

Persistent link: https://www.econbiz.de/10004969127

Short-Term Inflation Projections: a Bayesian Vector Autoregressive approach

Giannone, Domenico; Lenza, Michele; Momferatou, Daphne; … - C.E.P.R. Discussion Papers - 2010

accurate forecasts. We use the model to study the pass-through of an oil shock and to study the evolution of inflation during …

Persistent link: https://www.econbiz.de/10008468558

When the North Last Headed South: Revisiting the 1930s

Reinhart, Carmen M.; Reinhart, Vincent - C.E.P.R. Discussion Papers - 2010

The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of the developing economies of the South. The last...

Persistent link: https://www.econbiz.de/10008468628

Growth in a Time of Debt

Reinhart, Carmen M.; Rogoff, Kenneth - C.E.P.R. Discussion Papers - 2010

We study economic growth and inflation at different levels of government and external debt. Our analysis is based on … roughly cut in half. Third, there is no apparent contemporaneous link between inflation and public debt levels for the … advanced countries as a group (some countries, such as the United States, have experienced higher inflation when debt/GDP is …

Persistent link: https://www.econbiz.de/10008468655

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