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Policies in hard times : assessing the impact of financial crises on structural reforms

Gokmen, Gunes; Nannicini, Tommaso; Onorato, … - 2020

It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...

Persistent link: https://www.econbiz.de/10012164495

Financial crises and liberalization : progress or reversals?

Saka, Orkun; Campos, Nauro; De Grauwe, Paul; Ji, Yuemei; … - 2019

Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...

Persistent link: https://www.econbiz.de/10012022690

Cross sections are history

Easterlin, Richard A. - 2013

and a unique rate of diffusion throughout the world. Suppose too that initially all countries are fairly closely bunched … follower countries in the various parts of the world fall in line in a similar geographic order. The result will be …

Persistent link: https://www.econbiz.de/10009730828

Income, democracy, and critical junctures

Cervellati, Matteo; Jung, Florian; Sunde, Uwe; Vischer, … - 2012

Acemoglu, Johnson, Robinson, and Yared (2008) document that the cross-country correlation between income per capita and democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on democracy might differ systematically across countries....

Persistent link: https://www.econbiz.de/10009679601

The economic and social determinants of migrants' well-being during the global financial crisis

Danzer, Alexander M.; Dietz, Barbara - 2018

This paper investigates the economic and social determinants affecting the well-being of temporary migrants before, during and after the financial crisis. Exploiting unique panel data which cover migration spells from Tajikistan between 2001 and 2011, we find that migrants earn less but stay...

Persistent link: https://www.econbiz.de/10011785812

The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10003900319

Fewer jobs or smaller paychecks? : aggregate crisis impacts in selected middle-income countries

Khanna, Gaurav; Newhouse, David Locke; Paci, Pierella - 2011

This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...

Persistent link: https://www.econbiz.de/10009408899

China's emergence in the world economy and business cycles in Latin America

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2011

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

Persistent link: https://www.econbiz.de/10009311486

The role of institutions and firm heterogeneity for labour market adjustment : cross-country firm-level evidence

Gál, Peter; Hijzen, Alexander; Wolf, Zoltán - 2013

This paper investigates the role of policies and institutions for aggregate labour market dynamics during the recent financial crisis using firm-level data. First, it provides comparable estimates on firm-level labor adjustment by country, industry and firm size. Second, using variance...

Persistent link: https://www.econbiz.de/10009745774

Foreign labour migration and the economic crisis in the EU : ongoing and remaining issues of the migrant workforce in Germany

Kim, Anna Myunghee - 2010

This paper provides an evaluation of the status of migrant workers in Germany amidst the global financial crisis. Findings of the study are drawn from the latest available data on the labour market performance of native-German and non-German migrant workers as well as other socioeconomic...

Persistent link: https://www.econbiz.de/10008810657