Showing 1 - 10 of 13
We compare the causal effects of forward guidance communication about future interest rates on households' expectations of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized controlled trial using more than 25,000 U.S. individuals...
Persistent link: https://www.econbiz.de/10012177886
Rising government debt levels around the world are raising the specter that authorities might seek to inflate away the debt. In theoretical settings where fiscal policy "dominates" monetary policy, higher debt without offsetting changes in primary surpluses should lead households to anticipate...
Persistent link: https://www.econbiz.de/10012431761
We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to attract retailing. We find that total retail employment is not significantly affected by local sales tax rates, but employment in big box and anchor...
Persistent link: https://www.econbiz.de/10009533477
We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history,...
Persistent link: https://www.econbiz.de/10011309136
. -- Guaranteed Minimum Income ; ex ante evaluation ; labor market effects ; financial cost ; poverty alleviation ; public finance …
Persistent link: https://www.econbiz.de/10009721328
All over Europe, ageing populations threaten nations' financial sustainability. In this paper we examine the potential of immigration to strengthen financial sustainability. We look at a particularly challenging case, namely that of Denmark, which has extensive tax-financed welfare programmes...
Persistent link: https://www.econbiz.de/10010478966
The paper uses the long-term budget method of generational accounting to evaluate the overall fiscal impact of … residents, and accounting for the marginal cost of providing public goods, it is shown that immigration has a positive impact on …. Generational accounting indicates that the increase of individuals' net fiscal contributions, required to keep the government …
Persistent link: https://www.econbiz.de/10011411849
Most support programs targeted at small firms in low- and middle-income countries fail to generate transformative effects at a large scale due to bad targeting, too little flexibility, and the limited size of the support, among others. This paper assesses the short-term effects of a randomized...
Persistent link: https://www.econbiz.de/10012705581
This paper documents the link between finance and informal competition. Using longitudinal firm-level data, we show … in firms' access to finance. …
Persistent link: https://www.econbiz.de/10013288107
This chapter surveys the recent social science literature on religion in economic history, covering both socioeconomic causes and consequences of religion. Following the rapidly growing literature, it focuses on the three main monotheisms -Judaism, Christianity, and Islam - and on the period up...
Persistent link: https://www.econbiz.de/10012239065