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Alesina, Alberto; Ciminelli, Gabriele; Furceri, Davide; … - 2021

Conventional wisdom holds that voters punish governments that implement fiscal austerity. Yet, most empirical studies, which rely on ex-post yearly austerity measures, do not find supportive evidence. This paper revisits the issue using action-based, real-time, ex-ante measures of fiscal...

Persistent link: https://www.econbiz.de/10012613677

Can policies affect employment intensity of growth? : a cross-country analysis

Crivelli, Ernesto; Furceri, Davide; Toujas-Bernaté, Joël - 2012

The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …

Persistent link: https://www.econbiz.de/10009621620

Job protection deregulation in good and bad times

Duval, Romain; Furceri, Davide; Jalles, João Tovar - 2017

This paper explores the short-term employment effect of deregulating job protection for regular workers and how it … the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the …

Persistent link: https://www.econbiz.de/10011763890

Strategies for reforming Korea’s labor market to foster growth

Dao, Mai; Furceri, Davide; Hwang, Jisoo; Kim, Meeyeon; … - 2014

Persistent link: https://www.econbiz.de/10010441734

Strategies for Reforming Korea’s Labor Market to Foster Growth

Dao, Mai - 2014

While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the … employment and reducing duality are likely to be considerable in the medium term …

Persistent link: https://www.econbiz.de/10014411461

The macroeconomic effects of public investment : evidence from advanced economies

Abiad, Abdul; Furceri, Davide; Topalova, Petia - 2015

Persistent link: https://www.econbiz.de/10011281181

Stabilization Effects of Social Spending : Empirical Evidence from a Panel of OECD Countries Overcoming the Financial Crisis in the United States

Furceri, Davide - 2009

subcategories, social spending devoted to Old Age and Unemployment are those that contribute more to provide smoothing. Moreover …

Persistent link: https://www.econbiz.de/10012442859

How do Institutions Affect Structural Unemployment in Times of Crises?

Furceri, Davide - 2009

This paper examines the effect of economic crises on structural unemployment using an Autoregressive Distributed Lags … 2008, we found that downturns have, on average, a significant positive impact on the level of structural unemployment rate …. The maximum impact varies with the severity of the downturn. Institutions (such as Employment Protection Legislation …

Persistent link: https://www.econbiz.de/10012444409

The Effect of Financial Crises on Potential Output : New Empirical Evidence from OECD Countries

Furceri, Davide - 2009

The aim of this paper is to assess the impact of financial crises on potential output. For this purpose a univariate autoregressive growth equation is estimated on an unbalanced panel of OECD countries over the period 1960 to 2007. Our results suggest that the occurrence of a financial crisis...

Persistent link: https://www.econbiz.de/10012445805

The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies

Abiad, Abdul - 2015

term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public …

Persistent link: https://www.econbiz.de/10014412096