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Immigration and wage dynamics in Germany

Klinger, Sabine; Musayev, Anvar; Natal, Jean-Marc; … - 2019

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/10012155220

Revisiting the link between trade, growth and inequality : lessons for Latin America and the Caribbean

Beaton, Kimberly; Cebotari, Aliona; Komaromi, Andras - 2017

We revisit the relationship between international trade, economic growth and inequality with a focus on Latin America and the Caribbean. The paper combines two approaches: First, we employ a cross-country panel framework to analyze the macroeconomic effects of international trade on economic...

Persistent link: https://www.econbiz.de/10011716658

Once Again, is Openness Good for Growth?

International Monetary Fund - 2004

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...

Persistent link: https://www.econbiz.de/10014401435

Fiscal expectations under the Stability and Growth Pact : evidence from survey data

Poplawski-Ribeiro, Marcos; Ruelke, Jan-Christoph - 2011

Persistent link: https://www.econbiz.de/10009487131

Fiscal Expectations Under the Stability and Growth Pact : Evidence From Survey Data

Poplawski-Ribeiro, Marcos - 2011

France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings … indicate that accuracy of financial expert deficit forecasts increased in France. Convergence between the European Commission …'s and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the …

Persistent link: https://www.econbiz.de/10014412192

The Fisher Hypothesis and Inflation Persistence : Evidence From Five Major Industrial Countries

Peng, Wensheng - 1995

recently developed time series techniques. The results suggest that the Fisher effect is stronger in France, the United Kingdom …

Persistent link: https://www.econbiz.de/10014395917

A Latent Factor Model with Global, Country, and Industry Shocks for International Stock Returns

Del Negro, Marco - 2005

We estimate a latent factor model that decomposes international stock returns into global, country-, and industry-specific shocks and allows for stock-specific exposures to these shocks. We find that across stocks there is substantial dispersion in these exposures, which is partly explained by...

Persistent link: https://www.econbiz.de/10014400963

Debt, investment, and growth in developing countries with segmented labor markets

Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....

Persistent link: https://www.econbiz.de/10012252029

Inequality and growth : a heterogeneous approach

Grigoli, Francesco; Paredes, Evelio; Di Bella, Gabriel - 2016

The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...

Persistent link: https://www.econbiz.de/10011716310

Structural reforms and regional convergence

Spilimbergo, Antonio; Che, Natasha Xingyuan - 2012

Persistent link: https://www.econbiz.de/10009615304

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