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Fiscal discipline and exchange rates : does politics matter?
Jalles, João Tovar; Mulas Granados, Carlos; Tavares, José - 2016
We look at the effect of exchange rate regimes on fiscal discipline, taking into account the effect of underlying political conditions. We present a model where strong politics (defined as policymakers facing longer political horizon and higher cohesion) are associated with better fiscal...
Persistent link: https://www.econbiz.de/10011715661
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Political institutions, state building, and tax capacity : crossing the tipping point
Gaspar, Vítor; Jaramillo, Laura; Wingender, Philippe - 2016
An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12 3/4 percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In this paper, we attempt via four case studies-Spain, China,...
Persistent link: https://www.econbiz.de/10011716283
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Fiscal politics in the euro area
Eyraud, Luc; Gaspar, Vítor; Poghosyan, Tigran - 2017
This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget composition and poor compliance with fiscal rules in the euro area. Our analysis relies on real-time data for 19 countries participating in the euro area over 1999-2015. We look for, but do not find,...
Persistent link: https://www.econbiz.de/10011716502
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Regulatory cycles : revisiting the political economy of financial crises
Dagher, Jihad C. - 2018
Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial...
Persistent link: https://www.econbiz.de/10011799572
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Bank of Japan’s quantitative and credit easing : are they now more effective?
Berkmen, S. Pelin - 2012
Persistent link: https://www.econbiz.de/10009424688
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The impact of fiscal consolidation and structural reforms on growth in Japan
Berkmen, S. Pelin - 2011
Persistent link: https://www.econbiz.de/10009488603
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To fire or to hoard? : explaining Japan’s labor market response in the Great Recession
Steinberg, Chad Bennett; Nakane, Masato - 2011
Persistent link: https://www.econbiz.de/10009488605
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How inclusive is abenomics?
Aoyagi, Chie; Ganelli, Giovanni; Murayama, Kentaro - 2015
We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to … and policy variables. Our analysis suggests that achieving the Bank of Japan's 2 percent inflation target has a positive …
Persistent link: https://www.econbiz.de/10011281935
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What can boost female labor force participation in Asia?
Kinoshita, Yuko; Guo, Fang - 2015
Both Japan and Korea are trying to boost female labor force participation (FLFP) as they face the challenges of a … towards non-regular employment despite women's high education levels. This paper empirically examines what helps Japan and … tend to reduce the proportion of regular female employment in Japan and Korea, (ii) the persistent gender wage gap …
Persistent link: https://www.econbiz.de/10011281943
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Production offshoring and investment by Japanese firms
Kang, Joong Shik; Piao, Shi - 2015
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921