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Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and … with recent research, but introduce asset choice and sovereign debt holdings in the portfolio of banks. Using this model … sovereign debt under a leverage constraint. Our results show that, when banks invest a substantial fraction of their assets in …
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been registering a historic low in investment, even lower than the average levels seen elsewhere in Latin America. The idea … of crating adequate fiscal space to allow for increased investment has been largely ignored at national level. The little …
Persistent link: https://www.econbiz.de/10012038450
We analyse the Polish wage and unemployment structure between 1992 and 1995 on the basis of the Polish Labour Force Survey. It is shown that within this period wage inequality has stabilised. Surprisingly, wage inequality is lower in the private than in the public sector. Our test results show...
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To address the impact of regulation on ethical concerns of consumers, we study the example of minimum wages. In our experimental market, consumers have monopsony power, firms set prices and wages, and workers are passive recipients of a wage payment. We find that the majority of consumers...
Persistent link: https://www.econbiz.de/10012236843
Governmental activities in welfare states influence private charitable giving predominantly in two ways: (1) government spending on the provision of public goods may cause crowding out of private charitable contributions; and (2) tax incentives may boost private charitable giving. For a rich...
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