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Reasons for the demise of interest : savings glut and secular stagnation or central bank policy?

Mayer, Thomas; Schnabl, Gunther - 2019

for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal … efficiency of investment as well as to declining fixed capital investment due to digitalization (secular stagnation). In contrast … stimulate growth. This paralyzed investment and growth in the long term. We show that the ability of banks to extend credit ex …

Persistent link: https://www.econbiz.de/10012124862

Equilibrium unemployment and capital intensity under product and labor market imperfections

Kauppi, Heikki (contributor); Koskela, Erkki (contributor); … - 2004

We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous and endogenous capital intensity. With endogenous capital intensity, stronger labor market imperfections always increase equilibrium unemployment. The relationship between the...

Persistent link: https://www.econbiz.de/10002521703

Factor substitution, income distribution, and growth in a generalized neoclassical model

Irmen, Andreas (contributor); Klump, Rainer (contributor) - 2007

Persistent link: https://www.econbiz.de/10003624024

Efficient tax policy ranks education higher than saving

Richter, Wolfram F. (contributor) - 2007

Persistent link: https://www.econbiz.de/10003599469

Dynamics of capital accumulation in the US : simulations after Piketty

De Donder, Philippe; Roemer, John E. - 2015

utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …

Persistent link: https://www.econbiz.de/10010515458

Does pension privatization increase economic growth? : evidence from Latin America and Eastern Europe

Altiparmakov, Nikola; Nedeljkovic, Milan - 2016

privatization effects on savings in Eastern Europe, with limited evidence of positive savings effects in Latin America. These …

Persistent link: https://www.econbiz.de/10011536201

Trade costs, trade balances and current accounts : an application of gravity to multilateral trade

Fazio, Giorgio (contributor); MacDonald, Ronald (contributor) - 2005

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...

Persistent link: https://www.econbiz.de/10003120614

Noncompliance and the effects of the minimum wage on hours and welfare in competitive labor markets

Danziger, Leif - 2009

This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If...

Persistent link: https://www.econbiz.de/10003887172

Unemployment in an interdependent world

Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...

Persistent link: https://www.econbiz.de/10003887183

Testing theories of job creation : does supply create its own demand?

Carlsson, Mikael (contributor); Eriksson, Stefan (contributor) - 2006

Persistent link: https://www.econbiz.de/10003457494

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