Showing 1 - 10 of 35
Persistent link: https://www.econbiz.de/10000925007
Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10011440820
The paper analyses how the IMF brought its experience gained in emerging market sovereign debt crises in the troika’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in the 2000s. We examine subsequent changes in the...
Persistent link: https://www.econbiz.de/10011548057
the European Union (EU). For this purpose we use linked applied general equilibrium models (AGE) for eleven EU member …, employment and inflation in member countries, and the cost and benefits of a cooperative approach to adhere to a EU target of … quantify the economic impact for the, EU by introducing a EU-wide tradable permit system, free of charge and based on the …
Persistent link: https://www.econbiz.de/10011620808
aspirations of 15-yearold pupils in 29 EU and OECD countries. Based on socialization and rational choice approaches we develop …
Persistent link: https://www.econbiz.de/10011280756
Persistent link: https://www.econbiz.de/10002536053
This paper evaluates the appropriateness of the standard methodologies and the quality of the data frequently used to analyse labour market dynamics in Europe. Our results indicate that, due to recall error and heterogeneous survey design, the retrospective approach tends to result in a...
Persistent link: https://www.econbiz.de/10001597535
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10010128764
important insights on the economic catch-up exhibited by the new EU members in light of the institutional changes and … convergence in the EU, however, we identify subgroups that converge to different steady states using an iterative testing … suggests a clear separation between the new and old EU member states in the long run. …
Persistent link: https://www.econbiz.de/10009784195
When is it optimal for a government to default on its legal repayment obligations? We answer this question for a small open economy with domestic production risk in which contracting frictions make it optimal for the government to finance itself by issuing non-contingent debt. We show that...
Persistent link: https://www.econbiz.de/10009733001