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Bonato, Leo - 2006

Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms,...

Persistent link: https://www.econbiz.de/10012783092

Equitable Access to Vaccines : Myth or Reality?

Hakobyan, Shushanik; Rawlings, Henry; Yao, Jiaxiong - 2022

Fighting the COVID-19 pandemic required vaccinations; however, ending it requires vaccination equality. The progress in … vaccinations varies greatly across countries, with low- and middle-income countries having much lower vaccination rates than … challenges and vaccine hesitancy. This paper quantifies the importance of various factors in driving vaccination rates across …

Persistent link: https://www.econbiz.de/10014264530

State Institutions and Tax Capacity : An Empirical Investigation of Causality

Akanbi, Olusegun Ayodele - 2019

Would better state institutions increase tax collection, or would higher tax collection help improve state institutions? In the absence of conclusive guidance from theory, this paper searches for an empirical answer to this question, using a panel dataset covering 110 non-resource-rich countries...

Persistent link: https://www.econbiz.de/10012863974

Immigration and Wage Dynamics in Germany

Klinger, Sabine - 2020

German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in unemployment was structural. Micro-founded Phillips curves fit the German data rather...

Persistent link: https://www.econbiz.de/10012843295

Corporate Indebtedness and Low Productivity Growth of Italian Firms

Anderson, Gareth - 2018

Productivity growth in Italy has been persistently anemic and has lagged that of the euro area over the period 1999-2015, while the indebtedness of its corporate sector has increased. Using the ORBIS firm-level database, this paper studies the long-term impact of persistent corporate-debt...

Persistent link: https://www.econbiz.de/10012925217

Credit Growth and Economic Recovery in Europe after the Global Financial Crisis

Antoshin, Sergei - 2018

This paper reviews the empirical relationships between credit growth, economic recovery, and bank profitability in Europe after the global financial crisis (GFC). We find that the post-GFC recoveries in Europe have been weaker than previous recoveries, with the 'double-dip' recessions in 2011-12...

Persistent link: https://www.econbiz.de/10012929951

Going Viral : A Gravity Model of Infectious Diseases and Tourism Flows

Cevik, Serhan - 2020

This paper develops a gravity model framework to estimate the impact of infectious diseases on bilateral tourism flows among 38,184 pairs of countries over the period 1995-2017. The results confirm that international tourism is adversely affected by disease risk, and the magnitude of this...

Persistent link: https://www.econbiz.de/10012827591

This Changes Everything : Climate Shocks and Sovereign Bonds

Cevik, Serhan - 2020

Climate change is already a systemic risk to the global economy. While there is a large body of literature documenting potential economic consequences, there is scarce research on the link between climate change and sovereign risk. This paper therefore investigates the impact of climate change...

Persistent link: https://www.econbiz.de/10012828232

Bank Profitability and Financial Stability

Xu, TengTeng - 2019

We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We first develop a theoretical model of the relationship between bank profitability and financial stability by exploring the role of non-interest income and retail-oriented business...

Persistent link: https://www.econbiz.de/10012892910

Scarcity Effects of Quantitative Easing on Market Liquidity : Evidence from the Japanese Government Bond Market

Han, Fei - 2018

Quantitative easing could improve market liquidity through many channels such as relaxing bank funding constraints, increasing risk appetite, and facilitating trades. However, it can also reduce market liquidity when the increase in the central bank's holdings of certain securities leads to a...

Persistent link: https://www.econbiz.de/10012913879

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