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The economics of insurance, its borders with finance and implications for systemic regulation

Thimann, Christian - 2015

Global financial regulators are currently reflecting on the nature of the insurance business. Specifically, they are trying to classify insurance into "traditional" and "non-traditional" activities, and to distinguish them from "non-insurance" activities. Subsequently, they will seek to apply...

Persistent link: https://www.econbiz.de/10010479958

Sweden : from macroeconomic failure to macroeconomic success

Calmfors, Lars - 2012

Major economic reforms have been carried through in Sweden during the last two decades. Most of the reforms have been made in response to long-standing rather than to acute problems. There has usually been a strong perception among economists, policy makers and the general public of the problems...

Persistent link: https://www.econbiz.de/10009532656

Stage-based identification of policy effects

Alemán, Christian; Busch, Christopher; Ludwig, Alexander; … - 2023

We develop a method that identifies the effects of nationwide policy, i.e., policy implemented across all regions at the same time. The core idea is to track outcome paths in terms of stages rather than time, where a stage of a regional outcome at time t is its location on the support of a...

Persistent link: https://www.econbiz.de/10014393197

The Greek crisis and financial assistance programmes : an evaluation

Arghyrou, Michael Georgiou - 2015

We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The crisis and the first programme's (2010-11) failure were mainly the result of misguided internal policies. The second programme (2012-14) achieved progress towards recovery but this...

Persistent link: https://www.econbiz.de/10011384358

Analyzing structural reforms using a behavioral macroeconomic model

De Grauwe, Paul; Ji, Yuemei - 2017

We use a behavioral macroeconomic model to analyze how structural reforms affect the economy in the short and in the long run. We consider two types of structural reforms. The first one increases the flexibility of wages and prices; the second one raises potential output in the economy. We find...

Persistent link: https://www.econbiz.de/10011663556

Hartz IV and the decline of German unemployment : a macroeconomic evaluation

Hochmuth, Brigitte; Kohlbrecher, Britta; Merkl, Christian; … - 2021

This paper proposes a new approach to evaluate the macroeconomic effects of the “Hartz IV” reform, which reduced the generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium...

Persistent link: https://www.econbiz.de/10012485370

Public employment agency reform, matching efficiency, and German unemployment

Merkl, Christian; Sauerbier, Timo - 2023

Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment. Based on two microeconomic datasets, we show that the...

Persistent link: https://www.econbiz.de/10014247120

Comparative venture capital governance : private versus labour sponsored venture capital funds

Cumming, Douglas J.; MacIntosh, Jeffrey G. - 2003

Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...

Persistent link: https://www.econbiz.de/10011514156

Fiscal sustainability and low interest rates : a note

Werding, Martin - 2021

public finances in EU member states (“S2”) is also defined if government borrowing rates are assumed to be permanently lower …

Persistent link: https://www.econbiz.de/10012421177

Populists and fiscal policy : the case of Poland

Wysocki, Maciej; Wójcik, Cezary; Freytag, Andreas - 2022

rhetorics in recent years. Indeed, when the new populist government took power, between 2015-2019, Poland experienced a major … social and fiscal policy shifts: the new government decreased the statutory retirement age despite sever aging problem and … launched one of the biggest social programs in Europe which resulted in sharp increase in political support for the government …

Persistent link: https://www.econbiz.de/10013472411