Narrow search
Showing 1 - 10 of 122
Cover Image
Macroeconomic policy lessons for Greece from the debt crisis
Oikonomidēs, Geōrgios; Papageorgiou, Dimitris; … - 2020
This paper first searches for the drivers of the Greek depression in the aftermath of the 2007-8 global crisis and in turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our simulations show that the adopted adjustment program (namely, the...
Persistent link: https://www.econbiz.de/10012195896
Cover Image
Growing together : Croatia and Latvia
Thorvaldur Gylfason; Hochreiter, Eduard - 2010
We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 … governance, and institutional reforms have played a significant role in raising economic output and efficiency in both Croatia … and Latvia. The EU perspective made a more significant contribution to growth in Latvia than in Croatia, even if Latvia …
Persistent link: https://www.econbiz.de/10008697476
Cover Image
Old-age provision in transition : the case of Croatia
Werding, Martin; Primorac, Marko - 2016
The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...
Persistent link: https://www.econbiz.de/10011429587
Cover Image
Do leaders affect ethical conduct?
D'Adda, Giovanna; Darai, Donja; Weber, Roberto A. - 2014
We study whether leaders influence the unethical conduct of followers. To avoid selection issues present in natural environments, we use a laboratory experiment in which we form groups and assign leadership roles at random. We study an environment in which groups compete, with dishonest behavior...
Persistent link: https://www.econbiz.de/10010383805
Cover Image
Trade, wages, and profits
Egger, Hartmut; Egger, Peter; Kreickemeier, Udo - 2012
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10009581985
Cover Image
O brother, where start thou? : sibling spillovers on college and major choice in four countries
Altmejd, Adam; Barrios-Fernández, Andrés; Drlje, Marin; … - 2020 - Latest version: May 10, 2020
options, we present evidence from the United States, Chile, Sweden and Croatia that older siblings' college and major choices …
Persistent link: https://www.econbiz.de/10012219366
Cover Image
China's current account and exchange rate
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2009
We examine whether the Chinese exchange rate is misaligned and how Chinese trade flows respond to the exchange rate and to economic activity. We find, first, that the Chinese currency, the renminbi (RMB), is substantially below the value predicted by estimates based upon a cross-country sample,...
Persistent link: https://www.econbiz.de/10003818038
Cover Image
United States current account deficits : a stochastic optimal control analysis
Stein, Jerome L. (contributor) - 2006
Persistent link: https://www.econbiz.de/10003377247
Cover Image
The costs of favoritism : is politically-driven aid less effective?
Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10003948233
Cover Image
Unemployment and debt dynamics in a highly indebted small open economy
Heer, Burkhard; Schubert, Stefan Franz - 2011
The paper analyzes the dynamic effects of a total factor productivity shock and an interest rate risk premium shock in a highly indebted open economy. In contrast to the standard open economy framework, search unemployment and wage bargaining are introduced. We find that a negative total factor...
Persistent link: https://www.econbiz.de/10009153857