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Downward nominal wage rigidity in the OECD
Holden, Steinar; Wulfsberg, Fredrik - 2007
Recent micro studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries, but the effect on aggregate variables remains disputed. Using data for hourly nominal wages, we explore the existence of DNWR on wages at the industry level in 19 OECD...
Persistent link: https://www.econbiz.de/10011604823
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Fiscal policy and growth: do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10011605263
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Globalisation and the efficiency-equity trade-off
Beck, Roland; Di Nino, Virginia; Stracca, Livio - 2021
We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to study the trade-off between efficiency (proxied by...
Persistent link: https://www.econbiz.de/10012515467
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Corporate tax competition and the decline of public investment
Gomes, Pedro; Pouget, Francois - 2008
The government’s choices of the corporate tax rate and public investment are interdependent. In particular, they both respond positively to the other. Therefore, international tax competition not only drives corporate tax rates to lower levels but might also affect negatively the stock of...
Persistent link: https://www.econbiz.de/10011604974
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Tax Thy Neighbour : Corporate Tax Pass-Through into Downstream Consumer Prices in a Monetary Union
Dedola, Luca; Osbat, Chiara; Reinelt, Timo - 2022
inflation period covered by our sample is mostly due to price changes in supermarkets and hypermarkets …
Persistent link: https://www.econbiz.de/10014080686
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Political Referenda and Investment : Evidence from Scotland
Azqueta-Gavaldon, Andres - 2020
We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised machine learning algorithm over the period 2008-2017, we construct three important uncertainty indices underlying reports in the Scottish news media: Scottish independence...
Persistent link: https://www.econbiz.de/10012834665
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Credit Constraints, Firm Investment and Growth : Evidence from Survey Data
Garcia-Posada, Miguel - 2018
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a large panel of small and medium-sized enterprises from 12 European countries for the period 2014-2016. The data come from the Survey on the access to finance of enterprises...
Persistent link: https://www.econbiz.de/10012928556
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Corporate Debt and Investment : A Firm Level Analysis for Stressed Euro Area Countries
Gebauer, Stefan - 2017
This paper investigates the link between corporate debt and investment for a group of five peripheral euro area countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive thresholds beyond which leverage has a negative and...
Persistent link: https://www.econbiz.de/10012947848
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Does product market competition reduce inflation? Evidence from EU countries and sectors
Przybyla, Marcin; Roma, Moreno - 2005
In this paper we explore the link between the intensity of product market competition and inflation rates across EU … countries and sectors. We consider long-term averages of inflation rates in order to remove the cyclical behavior of inflation … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation …
Persistent link: https://www.econbiz.de/10011604499
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Time or state dependent price setting rules? Evidence from Portuguese micro data
Dias, Daniel; Robalo Marques, Carlos; Santos Silva, … - 2005
setting behaviour of Portuguese firms. Inflation, the level of economic activity and the magnitude of the last price change …
Persistent link: https://www.econbiz.de/10011604557