Showing 1 - 10 of 1,644
This paper examines fiscal policy without commitment and the effects of conditional bailout loans. The government relies on distortionary taxation and decides between full debt repayment and costly default. It tends to overborrow due to myopia, which induces default to be a relevant policy...
Persistent link: https://www.econbiz.de/10010225902
Argentina hit headlines around the world in 2002 on account of the largest debt default in history and a sudden economic collapse that generated statistics reminiscent of those from the Great Depression. In this article we focus on other consequences of the crisis that are not so obvious but...
Persistent link: https://www.econbiz.de/10009156102
Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this...
Persistent link: https://www.econbiz.de/10003962631
The onset of the housing and subsequent financial crisis in 2008 marked the steepest economic downturn in the United. States, since the Great Depression in the late 1920s and 1930s. This most recent financial crisis has been characterized by massive layoffs and displacement. Given the depth of...
Persistent link: https://www.econbiz.de/10011647674
Making use of unique balanced panel data for the German chemical sector from the years 2008 to 2011, we explore the extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards. Carrying out longitudinal analyses, we find that, on...
Persistent link: https://www.econbiz.de/10009754706
We investigate with German data how the use of temporary agency work has helped establishments to manage the economic and financial crisis in 2008/09. We examine the (regular) workforce development, use of short-time work, and business performance of establishments that made differential use of...
Persistent link: https://www.econbiz.de/10011458914
In Germany, two observations can be tracked over the past 15 to 20 years: First, income inequality has constantly … ; household structure ; SOEP ; Germany …
Persistent link: https://www.econbiz.de/10003859316
miracle. In response to the crisis, Germany has shown to be a strong case of internal flexibility. We argue that important … reforms, the nature of the crisis affecting mainly export-oriented companies in Germany, the extension of short-time work, the … ; Germany ; short-time work ; unemployment ; labor market institutions ; internal flexibility …
Persistent link: https://www.econbiz.de/10009524339
the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008 … trade collapse ; granular economy ; Germany …
Persistent link: https://www.econbiz.de/10009533357
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment … traditional government-sponsored short-time work. -- unemployment ; Germany ; Great Recession ; short time work ; working time …
Persistent link: https://www.econbiz.de/10009309501