Showing 1 - 10 of 598
, Italy, Norway, and Spain. The decline in VFI was achieved through progressive devolution of revenues to sub …-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in … the VFI in Norway …
Persistent link: https://www.econbiz.de/10014396839
productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the …
Persistent link: https://www.econbiz.de/10012170132
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
This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A...
Persistent link: https://www.econbiz.de/10012613501
Persistent link: https://www.econbiz.de/10009424829
Persistent link: https://www.econbiz.de/10009487131
We study the properties of a test that determines whether two time series comove. The test computes a simple nonparametric statistic for “concordance,” which describes the proportion of time that the cycles of two series spend in the same phase. We establish the size and power properties of...
Persistent link: https://www.econbiz.de/10014399826
France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings …'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
, and the United States than in Germany and Japan. It is argued that the differences in the linkage between the interest …
Persistent link: https://www.econbiz.de/10014395917
effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …
Persistent link: https://www.econbiz.de/10012667511