Showing 1 - 9 of 9
This paper assesses whether corporate liquidity needs in the G7 economies were met during the containment phase of the COVID-19 pandemic (February-June 2020) using various approaches to identify credit supply shocks. The pandemic crisis adversely affected nonfinancial corporate sector cash...
Persistent link: https://www.econbiz.de/10012518978
Combining balance sheet data on 900,000 firms from 48 countries with information on the adoption of macroprudential policies during 2003-2011, we find that these policies are associated with lower credit growth. These effects are especially significant for micro, small and medium enterprises...
Persistent link: https://www.econbiz.de/10011978556
The employment impact of environmental policies is an important question for policy makers. We examine the effect of … reallocation of employment. Moreover, tightening EPS during economic contractions appears to have a positive effect on employment …, other things equal. Quantifications exercises show modest positive net changes in employment for market-based policies, and …
Persistent link: https://www.econbiz.de/10012613386
We evaluate the direct employment effect of the public investment in key infrastructure-electricity, roads, schools and … employment effect. Overall, we estimate that one percent of global GDP in public investment can create more than seven million … jobs worldwide through its direct employment effects alone …
Persistent link: https://www.econbiz.de/10012613477
Is there a one-size-fits-all approach to inclusive growth? We look at four key case studies across advanced and emerging markets-the Nordics, India, Brazil, and Egypt-to try to answer this question. We highlight qualitatively in these countries the key components of inclusive growth models,...
Persistent link: https://www.econbiz.de/10012605019
Employment is key to combating poverty. Thus, detractors of social assistance programs argue that they create … jury is still out with respect to their impact on formal employment. This paper exploits an unannounced change in the … identify the causal impact of the program on formal employment, combining three large administrative datasets. This paper finds …
Persistent link: https://www.econbiz.de/10012252007
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to … this question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 … would, on average, lift female employment by 1 percent, while increasing male employment by 0.6 percent. Consequently such a …
Persistent link: https://www.econbiz.de/10012001474
Persistent link: https://www.econbiz.de/10010441910
This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … negative impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum … wage on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on …
Persistent link: https://www.econbiz.de/10014411691