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The literature on estimating macroeconomic effects of fiscal policy requires suitable instruments to identify exogenous and unanticipated spending shocks. So far, the instrument of choice has been military build-ups. This instrument, however, largely limits the analysis to the US as few other...
Persistent link: https://www.econbiz.de/10013097432
in Brazilian manufacturing exceed those of the other countries, while occupation differentials are similar. The gender … selectivity of Brazilian workers into formal employment. The links between firm performance and wage components in Brazil resemble …
Persistent link: https://www.econbiz.de/10012761738
commodity price shocks. Both approaches deliver similar conclusions. Specifically, an unfavorable food commodity market shock …
Persistent link: https://www.econbiz.de/10012977153
Discrimination in access to public services can act as a major obstacle towards addressing racial inequality. We examine whether racial discrimination exists in access to a wide spectrum of public services in the US. We carry out an email correspondence study in which we pose simple queries to...
Persistent link: https://www.econbiz.de/10013013081
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and — through input-output linkages and other general …
Persistent link: https://www.econbiz.de/10013021701
quantitative importance of fiscal foresight. We investigate whether JCTCs affect employment growth before, at, and after the time … difference-in-difference regression framework applied to monthly panel data on employment, the JCTC effective and legislative …
Persistent link: https://www.econbiz.de/10012996337
Western Europe, but by lower employment rates in Eastern and Southern Europe …
Persistent link: https://www.econbiz.de/10012981284
This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be linked to the monetary policy regime. Before and after the...
Persistent link: https://www.econbiz.de/10013131601
type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …
Persistent link: https://www.econbiz.de/10013055428
policy shock leads to a persistent fall in international output, a drop in global inflation rates, a rise in international … shock to foreign real GDP growth …
Persistent link: https://www.econbiz.de/10012994181