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The economic and financial crisis has hit Spain harder than practically any other country in Europe. Even if there are … occasional reports that the Spanish economy is improving slightly, the unemployment rate remains at 25 per cent and is as high as … 54 per cent among Spain's young people. The data presented in this article, which were obtained via a representative …
Persistent link: https://www.econbiz.de/10010426090
Institute for International Economics, Hamburg, for their opinion. …
Persistent link: https://www.econbiz.de/10011552848
years, 1983 proved to be the long-awaited turnaround year for the world economy. In fact, the upswing came earlier and with …
Persistent link: https://www.econbiz.de/10011552949
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We extend previous work on the sustainability of the government's intertemporal budget constraint by allowing for non-linear adjustment of the fiscal variables, conditional on (i) the sign of budgetary disequilibria and (ii) the phase of the economic cycle. Further, our endogenously estimated...
Persistent link: https://www.econbiz.de/10009683459
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … contracts and the less restrictive rules regarding the use of the latter contracts in Spain. Using a calibrated search and …
Persistent link: https://www.econbiz.de/10008757525
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked …
Persistent link: https://www.econbiz.de/10010223447
In recent weeks, fears of a worldwide economic recession have become widespread because more and more symptoms appear that resemble those at the start of the great depression of 1929. However, wrong conclusions may be drawn from similar symptoms unless basic development trends as well as the...
Persistent link: https://www.econbiz.de/10011588748
Persistent link: https://www.econbiz.de/10003866015