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thrilling counterpoint to the United States. Our key findings for German counties are that the employment and resident …
Persistent link: https://www.econbiz.de/10013219058
, and (iii) employment protection – shape fiscal multipliers and output volatility. Our theoretical model highlights that … emanate from employment protection, followed by union density. While some labor market institutions mitigate the …
Persistent link: https://www.econbiz.de/10014083477
This article reviews recent research findings on the effects of fiscal multipliers in normal times, during booms/busts, and in the presence of the zero lower bound. Studies on the effects of fiscal policy in open economy settings as well as contributions on the fiscal-monetary policy mix are...
Persistent link: https://www.econbiz.de/10012892219
multiplier is amplified by the countercyclical liquidity premium. This liquidity channel stabilizes investment and crowds in …
Persistent link: https://www.econbiz.de/10012830353
when a small probability that some future government will exploit has a multiplier effect on earlier decisions. The … multiplier can be taken advantage of by a lobby paying for exploitation, or by a donor compensating for conservation. The …
Persistent link: https://www.econbiz.de/10012834349
between multiplier size and the import share. Employing an interacted panel VAR model for EU countries, we estimate the effect …
Persistent link: https://www.econbiz.de/10012823559
is halved when the across-firm and across-region reallocation mechanisms are at work. Finally, both theory and …
Persistent link: https://www.econbiz.de/10014358402
This paper analyzes the effects of different energy transition paths on regional value added and on employment. We … in terms of additional value added and employment. Yet, the positive development comes at the expense of value added and … employment in the rest of the country. Moreover, our analysis shows that medium-skilled employment increases most across all …
Persistent link: https://www.econbiz.de/10012834989
We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...
Persistent link: https://www.econbiz.de/10012890626
We study decentralized and optimal urbanization in a simple multi-sector model of a rural-urban economy focusing on productivity differences and internal trade frictions. We show that even in the absence of the typical externalities studied in the literature, such as agglomeration, congestion or...
Persistent link: https://www.econbiz.de/10012871753