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Rescue policies for small businesses in the Covid-19 recession
Di Nola, Alessandro; Kaas, Leo; Wang, Haomin - 2022
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013166369
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The macroeconomic policy challenges of balance sheet recession : lessons from Japan for the European crisis
Schnabl, Gunther - 2013
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10009743745
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Inequality, low-intensity immigration and human capital formation in the regions of Chile, 1820-1939
Baten, Jörg; Llorca-Jaña, Manuel - 2020
This article traces inequality and numeracy development in the regions of Chile during the 19th and early 20th century …, in its northern regions we find that Chile was relatively equal and numerate during the 19th century, and the south … converged somewhat during this period. In addition, we study the correlates of low-intensity immigration in Chile. Regions with …
Persistent link: https://www.econbiz.de/10012194599
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The effect of income on religiousness
Buser, Thomas - 2014
in Ecuador and apply a regression discontinuity strategy to estimate causal effects. We find significant effects of …
Persistent link: https://www.econbiz.de/10010354785
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Labor market effects of a minimum wage : evidence from Ecuadorian monthly administrative data
Choi, Jaerim; Rivadeneyra, Ivan; Ramirez, Kenia - 2021
When Ecuador raised its monthly Unified Minimum Wage from $170 to $200 in 2008, it affected 35 percent of all private …
Persistent link: https://www.econbiz.de/10012495684
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Shifting-profits through tax loopholes : evidence from Ecuador
Chalendard, Cyril - 2016
Based on a natural experiment that took place in Ecuador in the context of a capital outflow tax, this paper presents …
Persistent link: https://www.econbiz.de/10011573228
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Misallocation in firm production : a nonparametric analysis using procurement lotteries
Carrillo, Paul E.; Donaldson, Dave; Pomeranz, Dina; … - 2023
Ecuador. Using administrative tax data about these firms, we reject the null of efficiency but estimate that the welfare …
Persistent link: https://www.econbiz.de/10014292143
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Strategic interactions between fiscal and monetary authorities in a multi-country new-Keynesian model of a monetary union
Michalak, Tomasz; Engwerda, Jacob Christiaan; Plasmans, … - 2009
In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To this end we propose a multi-country New-Keynesian model of a monetary union cast in the framework of linear quadratic differential games....
Persistent link: https://www.econbiz.de/10003807838
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A vicious cycle of manias, crashes and asymmetric policy responses : an overinvestment view
Hoffmann, Andreas; Schnabl, Gunther - 2009
The business cycles theories of Wicksell (1898), Schumpeter (1912), Mises (1912), Hayek (1929, 1935) and Minsky (1986, 1992) explain business cycles by distorted prices on capital markets, buoyant credit expansion and overinvestment. The exuberance during the boom endogenously causes the...
Persistent link: https://www.econbiz.de/10003910416
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To react or not? : fiscal policy, volatility and welfare in the EU-3
Malley, James R. (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003495749