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The employment effects of low-wage subsidies

Huttunen, Kristiina; Pirttilä, Jukka; Uusitalo, Roope - 2010

empirical evidence on the effects of low-wage subsidies is surprisingly scarce. This paper examines the employment effects of a … difference-in-difference-in-differences approach. Our results indicate that the subsidy system had no effects on the employment … rate. However, it appears to have increased the probability of part-time workers obtaining full-time employment. …

Persistent link: https://www.econbiz.de/10010271590

Discretionary fiscal policy: Review and estimates for the EU

Beetsma, Roel; Giuliodori, Massimo - 2010

We briefly review the theoretical and empirical consequences of discretionary fiscal policy changes, after which we provide our own estimates for the EU countries. A fiscal expansion raises output and consumption and reduces the trade balance. Moreover, the stimulating effect of higher...

Persistent link: https://www.econbiz.de/10010266091

A fair price for energy? Ownership versus market opening in the EU15

Fiorio, Carlo V.; Florio, Massimo - 2010

In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We...

Persistent link: https://www.econbiz.de/10010270518

Tax-co-ordination in Europe : assessing the first years of the EU-savings taxation directive

Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - 2009

This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic...

Persistent link: https://www.econbiz.de/10010274232

Europe agreements and trade balance: Evidence from four new EU members

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2011

This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...

Persistent link: https://www.econbiz.de/10010274730

Channel systems: Why is there a positive spread?

Berentsen, Aleksander; Marchesiani, Alessandro; Waller, … - 2010

An increasing number of central banks implement monetary policy via two standing facilities: a lending facility and a deposit facility. In this paper we show that it is socially optimal to implement a non-zero interest rate spread. We prove this result in a dynamic general equilibrium model...

Persistent link: https://www.econbiz.de/10010277130

Cutting too close? Design protection and innovation in fashion goods

Hackett, Petal Jean - 2012

Continued lobbying by high-end, American designers for intellectual property-type fashion design protection has culminated in the proposed Innovative Design Protection and Piracy Prevention Act, intended to introduce EU standards. Using a sequential, 2-firm, vertical differentiation framework,...

Persistent link: https://www.econbiz.de/10010280833

The impact of market regulations on intra-European real exchange rates

Bénassy-Quéré, Agnès; Coulibaly, Dramane - 2013

and employment protection tend to inflate the real exchange rate. We then carry out an econometric estimation for European … evolution of product market regulations and employment protection across countries play a very significant role in real exchange …

Persistent link: https://www.econbiz.de/10010291493