Narrow search
Showing 1 - 10 of 467
Cover Image
Fiscal policy and the labour market : the effect of public sector employment and wages
Gomes, Pedro - 2010
I build a dynamic stochastic general equilibrium model with search and matching frictions and two sectors in order to study the labour market effects of public sector employment and wages. Public sector wages plays an important role in achieving the efficient allocation. High wages induce too...
Persistent link: https://www.econbiz.de/10009302182
Cover Image
Populism, political risk and the economy : lessons from Italy
Balduzzi, Pierluigi; Brancati, Emanuele; Brianti, Marco; … - 2020
We study the effects on financial markets and real economic activity of changes in risk related to political events and policy announcements in Italy during the 2013-2019 period that saw the rise to power of populist parties. We focus on events that have implications for budgetary policy, debt...
Persistent link: https://www.econbiz.de/10012163613
Cover Image
Evaluating the impacts of minigrid electrification in sub-Saharan Africa
Ayhan, Sinem H.; Falchetta, Giacomo; Steckel, Jan Christoph - 2022
electricity access gap, distributed power generation systems such as minigrids and stand-alone photovoltaic systems emerge as … electrification is positively associated with households' electricity uptake, ownership of low-power home appliances, and agricultural …
Persistent link: https://www.econbiz.de/10013342931
Cover Image
A challenge for the G20 : globally stipulated debt brakes and transnational independent fiscal supervisory councils
Dolls, Mathias; Peichl, Andreas; Zimmermann, Klaus F. - 2011
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10009522510
Cover Image
Completing the monetary union of Europe as mid-term solution of the Euro crisis
Fischer, Justina A. V.; Pastore, Francesco - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
Cover Image
Fiscal policy, sovereign default, and bailouts
Jüßen, Falko; Schabert, Andreas - 2013
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
Cover Image
Government debt as insurance against macroeconomic risk
Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2001
Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is there an optimal maturity structure of public debt?...
Persistent link: https://www.econbiz.de/10011405711
Cover Image
Government deficit shocks and Okun's coefficient volatility : new insights on the austerity versus growth debate
Binh Thai Pham; Sala, Hector - 2019
This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012054782
Cover Image
How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India
Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016
success of banking reforms in India where significant banking reforms have been introduced since 1990s. Using the argument …
Persistent link: https://www.econbiz.de/10011493763
Cover Image
Survey of models on demand, customer base-line and demand response and their relationships in the power market
Heshmati, Almas - 2012
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … case for possible application to the electricity market and discusses the implications of the results. In the literature …
Persistent link: https://www.econbiz.de/10009548648