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Macroeconomic consequences of tariffs
Furceri, Davide; Ahmed Hannan, Swarnali; Ostry, … - 2019
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...
Persistent link: https://www.econbiz.de/10012001500
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Market discipline and conflicts of interest between banks and pension funds
Barajas, Adolfo; Catalán, Mario - 2011
Persistent link: https://www.econbiz.de/10009419727
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Banks During the Argentine Crisis : Were they All Hurt Equally? Did they All Behave Equally?
Juan-Ramon, V. Hugo - 2006
The simple answer to both questions in the title of this paper is: No. We concentrate on the three main risk elements that contributed to the banking system’s difficulties during the crisis: increasing dollarization of the balance sheet, expanding exposure to the government, and, eventually,...
Persistent link: https://www.econbiz.de/10014402987
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Market Discipline and Conflicts of Interest Between Banks and Pension Funds
Barajas, Adolfo - 2011
examine whether, and if so how, pension funds influence market discipline in Argentina in the period 1998-2001. We find …
Persistent link: https://www.econbiz.de/10014397134
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Crises, labor market policy, and unemployment
Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...
Persistent link: https://www.econbiz.de/10009572447
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Crises, Labor Market Policy, and Unemployment
Furceri, Davide - 2012
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...
Persistent link: https://www.econbiz.de/10014396963
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Can Policies Affect Employment Intensity of Growth? : A Cross-Country Analysis
Furceri, Davide - 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/10014395704
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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
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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
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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