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Macroeconomic Evaluation of Labor Market Reform in Germany
Krebs, Tom - 2013
In 2005 the German government implemented the so-called Hartz IV reform, which amounted to a complete overhaul of the German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long-term unemployed. In this paper, we use an incomplete-market...
Persistent link: https://www.econbiz.de/10013085617
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Evaluating Unemployment Policies : What Do the Underlying Theories Tell Us?
Snower, Dennis J. - 2006
The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy prescriptions rest on different macroeconomic theories, and our...
Persistent link: https://www.econbiz.de/10012781938
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Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India
Anand, Rahul - 2017
This paper investigates the implications of lowering formal regulations in labor and product markets on informality and macroeconomic outcomes in India. We estimate a DSGE model with an informal sector, and rigidities in the formal labor and product markets. Along with increasing GDP and...
Persistent link: https://www.econbiz.de/10012962160
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Do Active Labor Market Policies Increase Employment?
Estevão, Marcello - 2021
Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to...
Persistent link: https://www.econbiz.de/10013212331
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Financial Stability in an Evolving Regulatory and Supervisory Landscape
Xiao, Yingbin - 2013
Denmark's financial policy initiatives, banks have made progress in improving financial stability. However, vulnerabilities …
Persistent link: https://www.econbiz.de/10013085614
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Spillovers to and from the Nordic Economies : A Macroeconometric Model Based Analysis
Vitek, Francis - 2013
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...
Persistent link: https://www.econbiz.de/10013071930
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Signaling Fiscal Regime Sustainability
Drudi, Francesco - 2006
This paper proposes a signaling model that offers a new perspective on why governments deviate from optimal tax smoothing and delay debt stabilization. In our model, dependable - but not fully credible - governments have an incentive to tighten the fiscal regime when the signaling effect on...
Persistent link: https://www.econbiz.de/10012782609
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Negative Interest Rates : How Big a Challenge for Large Danish and Swedish Banks?
Turk-Ariss, Rima - 2016
Negative policy interest rates have prevailed for some years in Denmark and are a more recent development in Sweden …
Persistent link: https://www.econbiz.de/10012977767
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Climate Mitigation Policy in Denmark : A Prototype for Other Countries
Batini, Nicoletta; Parry, Ian; Wingender, Philippe - 2021
Denmark has a highly ambitious goal of reducing greenhouse gas emissions 70 percent below 1990 levels by 2030. While … there is general agreement that carbon pricing should be the centerpiece of Denmark's mitigation strategy, pricing needs to … strategy Denmark develops can be a good prototype for others to follow. This paper discusses mechanisms to scale up domestic …
Persistent link: https://www.econbiz.de/10013252048
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Investment Slowdown in Denmark : Diagnosis and Policy Options
Poghosyan, Tigran - 2018
Total investment in Denmark has experienced a sharp slowdown following the globalfinancial crisis. This slowdown has …
Persistent link: https://www.econbiz.de/10012912502