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The recovery from the Great Recession: a long, evolving expansion
Shambaugh, Jay C.; Strain, Michael R. - 2021
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012405441
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The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
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Fiscal incidence on the island : Grenada's fiscal system and its incidence
Canavire-Bacarreza, Gustavo; Gómez Aliaga, Guillermo; … - 2024
and indirect taxes, direct transfers provided by the social transfers and the school feeding programs, and in …
Persistent link: https://www.econbiz.de/10014486374
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Long-term effects of equal sharing: evidence from inheritance rules for land
Bartels, Charlotte; Jäger, Simon; Obergruber, Natalie - 2020
What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible....
Persistent link: https://www.econbiz.de/10012288516
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Is productive entrepreneurship getting scarcer? : a reflection on the contemporary relevance of Baumol's typology
Minniti, Maria; Naudé, Wim; Stam, Erik - 2023
We review Baumol's typology of productive, unproductive and destructive entrepreneurship. We argue that the typology is relevant for explaining the secular decline in business dynamics. To the existing explanations for this decline, we put forward the thesis that entrepreneurship has become less...
Persistent link: https://www.econbiz.de/10014335837
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Factor shares, redistribution and growth in a captured democracy
Vindigni, Andrea - 2024
lower capital taxes, to the benefit of both themselves and economic growth. The model's equilibrium dynamics features … variable taxes and lobbying. In addition, it is established the existence of a transitional dynamics featuring convergence to a … balanced growth path, characterized by constant taxes and lobbying (and a constant growth rate of consumption and capital …
Persistent link: https://www.econbiz.de/10014461501
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Alberto Alesina (1957-2020) : man, researcher, Professor of Economics, popularizer
Vindigni, Andrea - 2023
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
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A survey of the role of fiscal policy in addressing income inequality, poverty reduction and inclusive growth
Heshmati, Almas; Kim, Jungsuk - 2014
A growing concern on widening income gap between the rich and the poor, the policy mismatch in tackling the relative poverty and income inequality have invited increasing volumes of research focusing on the nexus between equity and efficient growth. Developed countries have experienced the...
Persistent link: https://www.econbiz.de/10010345543
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The impact of government spending on GDP in a remitting country
Al-Abri, Almukhtar S.; Genc, Ismail H.; Naufal, George - 2018
The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...
Persistent link: https://www.econbiz.de/10011881574
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Public-private entanglement : entrepreneurship in a hybrid political order, the case of Lebanon
Stel, Nora; Naudé, Wim - 2013
The instability and informality that characterize hybrid political orders and its effects on entrepreneurs remains largely unexplored in the scholarly literatures. In this paper we provide initial findings from the case of entrepreneurs' access to electricity in Lebanon. Using quantitative and...
Persistent link: https://www.econbiz.de/10010224596