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Effects of adult education vouchers on the labor market : evidence from a randomized field experiment
Schwerdt, Guido; Messer, Dolores; Woessmann, Ludger; … - 2011
Lifelong learning is often promoted in ageing societies, but little is known about its returns or governments' ability to advance it. This paper evaluates the effects of a large-scale randomized field experiment issuing vouchers for adult education in Switzerland. We find no significant average...
Persistent link: https://www.econbiz.de/10009009619
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Asset price shocks, real expenditures, and financial structure : a multi-country analysis
Chirinko, Robert S. (contributor); Haan, Leo de (contributor) - 2008
This paper examines the responses of private consumption, residential investment, and business investment in 11 EU …
Persistent link: https://www.econbiz.de/10003730274
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Tax-co-ordination in Europe : assessing the first years of the EU-savings taxation directive
Hemmelgarn, Thomas; Nicodème, Gae͏̈tan J.A. - 2009
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation …
Persistent link: https://www.econbiz.de/10003861869
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A new two-pillar strategy for the ECB
De Grauwe, Paul; Gros, Daniel - 2009
The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...
Persistent link: https://www.econbiz.de/10003888991
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The ECB's enhanced credit support : keynote address at the Univ. of Munich, 13 July 2009
Trichet, Jean-Claude - 2009
Persistent link: https://www.econbiz.de/10003897431
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The dilemmas of tax coordination in the enlarged European Union
Brøchner, Jens; Jensen, Jesper; Svensson, Patrik; … - 2006
Persistent link: https://www.econbiz.de/10003457279
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Euro effects on the intensive and extensive margins of trade
Flam, Harry (contributor); Nordström, Håkan (contributor) - 2006
Persistent link: https://www.econbiz.de/10003462081
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Discretionary fiscal policy : review and estimates for the EU
Beetsma, Roel; Giuliodori, Massimo - 2010
provide our own estimates for the EU countries. A fiscal expansion raises output and consumption and reduces the trade balance … open EU economies, consistent with larger leakage effects. Further direct estimates suggest that fiscal expansions in large … EU economies have non-negligible consequences for economic activity in the main trading partners. This provides a …
Persistent link: https://www.econbiz.de/10003937804
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Remittances and financial openness
Beine, Michel; Lodigiani, Elisabetta; Vermeulen, Robert - 2010
Remittances have greatly increased during recent years, becoming an important and reliable source of funds for many developing countries. Therefore, there is a strong incentive for receiving countries to attract more remittances, especially through formal channels that turn to be either less...
Persistent link: https://www.econbiz.de/10003976556
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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/10008732253