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Inclusive Growth and the Incidence of Fiscal Policy in Mauritius — Much Progress, But More Could Be Done
David, Antonio C. - 2013
. Nevertheless, over the 2000s, despite overall progress, the benefits of growth appear to have become more skewed. Employment income …
Persistent link: https://www.econbiz.de/10013080463
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Labor Force Participation and Monetary Policy in the Wake of the Great Recession
Erceg, Christopher J. - 2014
In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during“normal...
Persistent link: https://www.econbiz.de/10013061162
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Das Public Kapital : How Much Would Higher German Public Investment Help Germany and the Euro Area?
Elekdag, Selim Ali - 2015
Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10013028678
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Risks of Stagnation in the Euro Area
Lin, Huidan - 2016
unemployment and debt. The paper illustrates in a downside scenario, how low potential growth and crisis legacies leave the euro …
Persistent link: https://www.econbiz.de/10012996031
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Inflation and Activity - Two Explorations and Their Monetary Policy Implications
Blanchard, Olivier J. - 2016
-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …
Persistent link: https://www.econbiz.de/10013002151
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Non-Resident Holdings of Domestic Debt in Nigeria : Internal or External Driven?
Hosny, Amr - 2020
Foreign holdings of domestic debt instruments in Nigeria have been increasing. Using data over 2007M1-2019M1, we show … (treasury bills rate and domestic risk) in foreign portfolio invetsors' decisions in Nigeria. Specifically, we show that foreign … of funds and perception of Nigeria-specific risks also play a role. These results highlight the volatile short …
Persistent link: https://www.econbiz.de/10012831602
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Reallocating Public Spending to Reduce Income Inequality : Can it Work?
Doumbia, Djeneba - 2019
Can a government reduce income inequality by changing the composition of public spending while keeping the total level of expenditure fixed? Using newly assembled data on spending composition for 83 countries across all income groups, this paper shows that reallocating spending toward social...
Persistent link: https://www.econbiz.de/10012860996
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The Distributional Effects of Government Spending Shocks in Developing Economies
Furceri, Davide - 2018
We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality....
Persistent link: https://www.econbiz.de/10012922628
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(Not) Dancing Together : Monetary Policy Stance and the Government Spending Multiplier
Belinga, Vincent - 2015
This paper provides estimates of the government spending multiplier over the monetary policy cycle. We identify government spending shocks as forecast errors of the growth rate of government spending from the Survey of Professional Forecasters (SPF) and from the Greenbook record. The state of...
Persistent link: https://www.econbiz.de/10013020275
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The Labor Market Performance of Immigrants in Germany
Beyer, Robert - 2016
The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries,...
Persistent link: https://www.econbiz.de/10012996034